Associate/Vice President - Market Risk Analytics

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • Morgan Stanley USA
  • 24 May 19

Associate/Vice President - Market Risk Analytics

Morgan Stanley
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.
The talent and passion of our people is critical to our continued success as a firm. Together, we share four core values rooted in integrity, excellence and strong team ethic:
1. Putting Clients First
2. Doing the Right Thing
3. Leading with Exceptional Ideas
4. Giving Back
Morgan Stanley is committed to helping its employees build meaningful careers and we strive to be a place for people to learn, achieve and grow.
Firm Risk Management
Firm Risk Management (FRM) enables Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, operational, model and other risks.
Our mission is to serve as the follow roles:
· Independent agent to set consistent principles and disciplines for risk management
· S trategic advisor to Firm management for setting risk appetite and allocating capital
· Industry leader to influence and meet regulatory standards
You will collaborate with colleagues across FRM and the Firm to protect the Firm's capital base and franchise, advise businesses and clients on risk mitigating strategies, develop tools and methodologies to analyze and monitor risk, contribute to key regulatory initiatives and report on risk exposures and metrics to enable informed and strategic decision-making. Through thoughtful analysis and clear communication we are best able to bring our ideas to the table and improve the Firm.
Firm Risk Management values diversity and is committed to providing a supportive and inclusive workplace for all employees.
Firm Risk Management's unique franchise promotes:
ü Flat, flexible and integrated global organization
ü Collaboration and teamwork
ü Credible, independent decision-making
ü Organizational influence
ü Creative and practical solutions
ü Meritocratic and diverse culture

Department Profile
The cornerstone of Morgan Stanley's risk management philosophy is the execution of risk-adjusted returns through prudent risk-taking that protects Morgan Stanley's capital base and franchise. Risk Management protects the Firm from exposure to losses resulting from market, credit and operational risk exposures. The Market Risk Department (MRD) provides independent market risk oversight across the Firm's trading activities. This encompasses risk monitoring and analysis, as well as reporting, capital calculation and regulatory functions.

Primary Responsibilities
Morgan Stanley is seeking an Associate or Vice President in its Market Risk Analytics department. The Market Risk Analytics group develops, maintains and monitors the performance of market risk (VaR, Stressed VaR, IRC and CRM) and stress testing models for Morgan Stanley's portfolio of assets, as required by the regulatory framework and the Firm's risk management needs.

The position requires ability to:
· Undertake research, modeling, development and analysis to ensure appropriate modeling and capture of risk, regulatory capital calculation, ongoing compliance with regulatory requirements, as well as the ability to communicate effectively.
· Analyze and understand changes in risk metrics due to model/position changes to ensure the changes are as expected.
· Respond to audit, regulatory requests on a timely and accurate basis and working closely with other departments.
· Interact with various Risk departments within the Firm including Market Risk, Credit Risk, Front Office and Risk IT.


Skills Required (essential)
· Masters in a quantitative field such as Finance, Economics, Engineering, Science or Mathematics, or equivalent
· Strong communication, leadership and project management skills (role requires effective collaboration and consensus-building across a range of functional groups)
· Analytical thinking and problem solving skills
· Ability to present complex issues clearly, both verbally and in writing, is essential
· Attention to detail and the ability to work thoughtfully and independently and manage multiple projects
· Proficiency in coding languages (eg. Python, R), and familiarity with database query languages (eg. SQL)

Skills Desired
· Experience with Securitized Products markets and/or models is a plus
· Familiarity with regulatory documentation and rules is helpful