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 the Firm Risk Management's Market Risk Department (MRD) which is a team dedicated to providing governance and oversight of all market risk arising from the Firm's business activities. The successful candidate will join the Fixed Income Macro coverage team which oversees products in the interest rate, foreign exchange, and emerging market spaces as well as cross-asset trading strategies.
Primary Responsibilities
> Maintain on-going dialogue with trading desks and Front Office support groups regarding positioning, market developments, trading strategies, limit usage, and risk representation of new trades
> Monitor market risks through the review of portfolio risk sensitivities, Value-at-risk (VaR), stress scenario analysis and limit management
> Support projects involving coverage area, such as risk analytics, market risk modelling enhancements, development of stress tests and regulatory initiatives
> Collaborate closely with colleagues from the global Firm Risk Department and other support groups, including Trading Risk Governance, Finance, Technology
> Perform regular deep dives and presentations on various products, clients, and help present and articulate key risks and portfolio changes to senior management in a timely manner
Experience
> Candidate must have a bachelor's degree at a minimum and 1-2 years of experience, quantitative background preferred.
> Self-motivation to develop expertise in financial products, markets, and risk management practices and the motivation to develop risk processes and automation from scratch
> Strong proficiency with a variety of technology tools, including analyzing large data sets using tools such as Excel, SQL and Python
> Highly developed oral and written communication skills which can be used to prepare and present risk information to a variety of audiences
> Attention to detail, project management and prioritization skills will also be key in balancing daily deadlines with timely implementation of strategic projects
> Knowledge of market risk concepts such as VaR, stress scenario analysis
> Product knowledge in Fixed Income such as treasury, swaps, and derivatives knowledge like greeks is preferred
Expected base pay rates for the role will be between $65,000 and $95,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
This role is hybrid and currently requires in office attendance 3 days/week. The in office requirement is subject to change at any time.
Morgan Stanley’s goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the base of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by the law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
