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.
The Risk Management division is at the core of the firm's activities, and its role is evolving and expanding in line with changing industry standards, regulatory requirements, and commercial pressures. The Risk Management Division comprises a number of Risk coverage and functional Departments, of which the Market Risk Department plays a critical role in delivering independent control and challenge to the business.
The Market Risk Department is responsible for identifying, analysing, measuring, controlling, and reporting market risk exposures generated as a result of both trading and banking activities booked in EMEA and the UK Group. The Department consists of business-facing market risk managers and a Portfolio Analysis & Stress Testing team.
Morgan Stanley is seeking an Associate to join its London based Equities Market Risk Management team (which sits within the Market Risk Department).
The role covers all aspects of Equities Market Risk Management, in particular:
Assessment of market risks, concentrations and top risks
Live discussion and independently challenge of traders, trading management and strategists. Appropriate escalation of risks identified to senior risk managers
Real-time involvement in approval of complex & large capital market transactions such as rights issues, margin loans, derivatives financing, accelerated share repurchase etc. Performing deal analysis, including independently assessing overlooked risks, agreeing hedging strategies with the Front Office, determining approval standards and writing concise decision support briefs. Ultimately providing formal approval / veto to senior risk managers.
Understand P&L drivers and construct any necessary tools to facilitate risk and P&L analysis.
Solvent Wind down – global subject matter expert and key point of contact for the IED side. Providing expert guidance on scenario design principles, product and market characteristics under stress conditions and validity of the hedging and liquidity assumptions. Facilitating effective communication between BU stakeholders and various risk functions. Aligning requirements and driving methodology discussions between Front Office strats, Risk Analytics and Model Validation. Reviewing and challenging the capital projection results, signing off on the reasonableness of scenario results.
Development of risk methodologies, tools and involvement in system improvement working closely with traders, quantitative analysts, IT and other groups within the Firm.
Contribute to the assessment of the suitability and performance of pricing and risk models. Work with relevant groups to address material deficiencies.
Create presentations articulating key risks and portfolio changes to senior management in a timely fashion.
Participate in regular signoff of risk submissions to regulator and senior management
Skills required (essential)
Advanced degree, or equivalent, in a quantitative subject, mathematics or statistics
Experience in financial industry required. Experience in equity derivatives and capital markets preferred, experience in other asset classes will also be looked favorably
Experience in risk management and / or quantitative field in a sell-side institution preferred
Independent mindset and ability to challenge people and established processes
Proactive with the ability to work as both part of a close-knit team and independently
Concise, accurate and resourceful
Excellent communication skills for written, graphical and verbal presentation.
Attention to detail, project management and prioritization skills will also be key in balancing daily deadlines with timely implementation of strategic projects.
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise 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.
Internal Number: 4906592
About Morgan Stanley
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