Market Risk Wealth Management & US Banks Risk Manager – Associate

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

Market Risk Wealth Management & US Banks 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 a team dedicated to providing independent market risk oversight across the Morgan Stanley's trading and banking activities. The position is for a junior Market Risk Manager working in a multi-disciplinary team covering the Firm's Wealth Management (WM) division and US Bank Legal Entities (MSBNA and MSPBNA, collectively referred to as the Banks). The successful candidate will have the opportunity to collaborate across many functions and product areas as well as work on a wide range of business-critical risk issues.
Primary Responsibilities
1. Monitoring market risks including the use of metrics such as Value-at-Risk (VaR), Greeks, and scenario analysis tools on a daily basis
2. Performing risk assessment of the WM/Banks balance sheet, including mortgages, loans, bank deposits, liquidity portfolio, and Institutional Sales Group (ISG) trading portfolios on the Bank
3. Assessing and monitoring interest rate risks related to banking book business activities, utilizing metrics such as Net Interest Income (NII) and Economic Value of Equity (EVE)
4. Maintaining active dialogue with portfolio managers, Risk Management colleagues, and other support groups regarding trading and hedging strategies, risk metrics, and limit frameworks
5. Preparing repots and presentations to effectively communicate key risk drivers to the Board of Directors, senior management, and regulators on a regular basis
6. Collaborating with senior business professionals in enhancing planning, stress testing, and limit setting
7. Keeping abreast of relevant market events and drivers

Qualifications:

Skills Required
1. Self-motivated and proactive attitude, with relentless attention to detail
2. Strong quantitative and critical thinking skills; ability and willingness to solve hard problems; intellectual curiosity to challenge the accepted wisdom
3. Strong IT skills are required to facilitate data analysis; competence in MS Excel, VBA, and SQL is required. Experience with statistical software such as R and MatLab is a plus
4. Excellent communication skills for written, graphical, and verbal presentation, with high competency in PowerPoint
5. Knowledge of financial products and markets, particularly fixed income assets and derivatives; knowledge of financial risk management concepts, such as Greeks and VaR
Experience
1. Bachelor's degree in a quantitative discipline such as finance, accounting, economics, sciences, or engineering
2. 3 - 5 years of work experience in a trading or a market risk department is advantageous