MRD Algorithmic Trading Risk Manager – Executive Director

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • Morgan Stanley USA
  • 15 Dec 18

MRD Algorithmic Trading Risk Manager – Executive Director

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 market, credit, liquidity, operational, model and other risks.
Our mission is to serve as the following roles:
· Independent agent to set consistent principles and disciplines for risk management
· Strategic 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
Background on the Position
The role will reside within the Firm Risk Management's Market Risk Department in New York. The Executive Director role will cover algorithmic trading across all asset classes including cash and derivative products. We seek candidates with a strong background, desire to contribute to the risk oversight of algorithmic trading, and the ability to work well both as an individual and as a member of the larger global team.
Primary Responsibilities
· Review and analysis of algorithms, including controls and testing methods, as part of 2 nd Line of Defense oversight of algorithmic trading.
· D esign, development and maintenance of any application and reporting tools that are necessary to evidence the governance of algorithmic validation
· Implementation of the governance and controls policy for MRD including assisting in the development of new controls where appropriate.
· Oversight of trading limits and controls to ensure the business is taking risk consistent with the Firm's strategy (including review of intraday limit framework and limit utilizations).
· Work directly with a diverse set of stakeholders including: Sales and Trading Business Units, Quantitative Strategists, Business Unit Risk Management, Compliance, Technology and Operations. Maintain active dialogue with trading desks, risk management colleagues, and other support groups regarding trading and hedging strategies, risk representation, and limit compliance.
· Communicate key risks to senior management on a regular basis, including creation of presentations articulating key risks. Escalate emerging or developing risks as the technological landscape evolves.

Qualifications:

Skills Required
· 8+ years of experience in a role with direct exposure to electronic trading (Trading, Trading Systems Support, Technology, Quality Assurance (QA), Operations, etc.)
· Experience with electronic trading technologies and concepts such as experience in algorithm development, including FIX messaging, market micro-structure, regulatory rules, and market data.
· An excellent academic background, including an advanced degree in a quantitative discipline, such as economics, finance, sciences or engineering. Additional qualifications, such as an FRM, would also be looked upon favorably.
· Proactive with the ability to work as both part of a close-knit team and independently.
· Excellent communication skills for written, graphical and verbal presentation.

Skills Preferred
· Strong knowledge of financial products. Business analysis, program/project management, involvement in governance preferred.
· Proficiency with a variety of IT applications as well as a good understanding of programming is advantageous.
· Experience with Software Development Lifecyle (SDLC), testing and QA very desirable.