Market Risk Corporate Credit Risk Manager – Associate

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

Market Risk Corporate Credit Risk Manager – Associate

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
· 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 ("MRD") which is responsible for the independent identification, measurement, monitoring, reporting, challenge, and escalation of market risk arising from the Firm's trading and non-trading activities. In particular, this role is part of the Traded Credit team.
This has coverage responsibilities for the full spectrum of credit products and associated hedges traded within Morgan Stanley's Institutional Securities Group ("ISG"), including corporate credit, municipal credit, structured credit and securitized products. The experienced candidate will contribute primarily through their coverage of investment grade, high yield and distressed Trading while also assisting in the coverage of credit index, options and tranche trading.
Primary Responsibilities
· Monitor real-time and end-of-day risks through the review of VaR, portfolio Greeks, liquidity profiles, Front Office risk system outputs and limit monitoring amongst other things
· Make risk decisions that align with the Firm's risk appetite and incentivize appropriate risk-taking behavior. Such decisions include-but are not limited to-analyzing and approving large or complex trades, designing and setting risk limits and deciding capacity allocation
· Interface with traders on a daily basis and articulate the above risk decisions
· C ommunicate the trading desk's risk profile, trading strategy and governance framework to senior management, regulators and other internal control groups
· Execute traded credit-related projects including-but not limited to-FRTB, VaR development and stress test creation and calibration

Qualifications:

Skills Required
· Highly developed oral and written communication skills
· Self-motivation and interest in collaborating within a team and with stakeholders as well as learning about financial risks
· Experience using a variety of inputs such as scenario analysis, VaR, stress testing and risk measures/Greeks to perform comprehensive risk analyses
· Comfort using a variety of technology tools such as Excel, SQL and statistical software packages to analyze market risk
Skills Preferred
· Knowledge particularly in traded credit products, securitized products or other complex, interest rate-sensitive products is preferred
Experience
· Bachelor's degree required; Master's degree or higher preferred
· A minimum 2 years of work experience in the financial services industry (particularly risk management, sales and trading or banking)