Market Risk Securitized Product Risk Manager – Associate

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • Morgan Stanley USA
  • 26 Mar 19

Market Risk Securitized Product 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:
· I ndependent 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
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 Agency Mortgage Backed Securities while also assisting in the coverage of other securitized products including CMBS, CLOs, Resi and ABS.
Primary Responsibilities
· Monitor and manage market risks on a variety of products, and engage directly with the Front Office to communicate risk decisions
· Articulate trading desk's risk profile, trading strategy and governance framework to MRD senior management, the Firm's regulators and other internal control groups
· Make risk decisions that aligns with the Firm's risk appetite and incentivizes appropriate risk-taking behavior by 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 Product area, participate in all projects involving securitized products including but not limited to FRTB, VaR development and creation of a variety of stress tests

Qualifications:

Skills Required
· 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
Experience
· Bachelor's degree required; Master's degree or higher preferred
· Minimum of 2 years of experience preferred