Market Risk Corporate Credit Risk Manager – Vice President

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • Morgan Stanley USA
  • 21 Oct 18

Market Risk Corporate Credit Risk Manager – Vice President

Company Profile
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.

As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

Job Profile
Morgan Stanley is seeking a highly motivated and team oriented Market Risk Manager to join its Market Risk Department ("MRD"), based in New York. The traded credit products team 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 Credit Lending and Financing businesses while also assisting in the coverage Credit Corporate Trading, Credit Derivatives and Municipal Trading. As MRD is charged with directly interacting with the Front Office, the candidate should have the risk management skills to monitor and manage market risks on a variety of products and have the communication skills to articulate risk decisions to the Front Office. The candidate should also be able to articulate the trading desk's risk profile, trading strategy and governance framework to senior management, the Firm's regulators and other internal control groups.
The candidate will be responsible for making risk decisions that align with the Firm's risk appetite and incentivizes appropriate risk-taking behavior. This includes analyzing and approving large or complex trades, designing and setting risk limits and making decisions regarding capacity allocation. As the subject matter expert for the Securitized Products area, the candidate will be responsible for all projects involving securitized products including but not limited to FRTB, VaR development and the creation of a variety of stress tests.

Qualifications:

Ideal Candidate Attributes
· Self-motivated, experienced professional in market risk management who enjoys learning about financial risks, collaborating within a team and interacting with the Front Office on a daily basis.
· Highly developed oral and written communication skills which can be used to prepare and present risk information to a variety of audiences.
· Prior experience with Fixed Income products, preferably in securitized products or other complex interest rate sensitive products.
· Experience using a variety of inputs (scenario analysis, Value-at-Risk, stress testing, risk measures/Greeks, etc) to perform comprehensive risk analysis.
· Comfortable using a variety of technology tools to analyze market risk, examples of which may include Excel, SQL and statistical software packages.
· Bachelor's degree required; Master's degree or higher preferred
· Minimum of 5 years of experience preferred
EQUAL OPPORTUNITY STATEMENT
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing and advancing individuals based on their skills and talents.