Job Information
Morgan Stanley Market Risk (Risk Management) - VP in London, United Kingdom
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.
Department Profile
Morgan Stanley's Internal Audit Department reports to the Firm's Board Audit Committee and comprises business, technology and risk auditors. Our mission is to be recognized as a strong and high performing audit function that is viewed as a trusted authority and advisor to the Board, Firm management and industry regulators in assessing and strengthening the Firm's control environment. Internal Audit provides independent assurance on the quality and effectiveness of Morgan Stanley’s internal control, risk management and governance systems and processes.
Firm Risk Management
Firm Risk Management (FRM) supports 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.
Background on the Position
The role will reside within Firm Risk Management’s Market Risk Department. The Market Risk Management Division (“MRD”) is responsible for the independent identification, analysis, reporting and escalation of all market risk exposures arising from EMEA business activities, acting independently of business management and providing an effective challenge process.
The role sits within the Traded Credit Risk which covers both flow and structured products. The successful candidate will be primarily focused on less liquid and structured products (e.g. securitized products, financing products (TRS, Repo) with various underliers as well as special situations and distressed transactions). There will also be the opportunity to gain exposure to flow products.
Primary Responsibilities
• Assessment of concentrations, valuation and default risks.
• As a desk-facing manager, ability to independently challenge traders, trading management and strategists with appropriate escalation of risks identified to senior risk managers. Close collaboration with the credit, finance, valuation control functions.
• Guide/manage junior members of the team
• Contribute to the assessment of the suitability and performance of pricing, risk and capital models and work with relevant groups to address material deficiencies.
• Real-time involvement in approval of complex & large transactions. Performing deal analysis, including independently assessing overlooked risks, agreeing hedging strategies with the Front Office, determining approval standards and writing concise decision support briefs.
• Data exploration (through SQL, Python, Excel, VBA) in order to shed light onto new risks. Either existing technical skills or willingness to pick those up.
Experience
• Degree, or equivalent, in a quantitative subject, mathematics or statistics
• 5 years experience in risk management and / or quantitative field in a sell-side institution required. Exposure to credit risk, fundamental company analysis or rating agency experience will be looked upon favourably.
• Strong analytical and problem-solving skills
• Confidence to take ideas forward and to challenge others, where appropriate, with experience in management by influence, facilitating and gaining consensus
• Ability to work independently in a self-directed way in a collaborative, team-oriented environment.
• The ability to effectively communicate with a wide range of stakeholders and deliver clear risk presentations to senior management.
• Strong organizational skills with an interest in working in a fast-paced environment, often balancing multiple high priority deliverables.
Flexible work statement:
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.
Equal opportunities 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.
Job: *Market Risk
Title: Market Risk (Risk Management) - VP
Location: Europe, Middle East, Africa-GBR-GBR-London
Requisition ID: 3254372