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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, achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
II. Introduction to BRM
Bank Resource Management (BRM) is a division within the Institutional Securities Group that is responsible for the Firm's securities financing transactions (including repo and securities lending), hedging of OTC derivative counterparty exposures and global collateral management.
III. Introduction to xVA
The Global xVA team within BRM is responsible for pricing, hedging and portfolio risk management of the xVA associated with the Fixed Income and Commodities (FIC) OTC derivative business. The team in Asia has a headcount of 2.
IV. The Role
Based in either HKG or Tokyo, BRM is seeking an associate with at least 2 years of relevant experience e.g. within xVA, FIC trading, FIC risk management etc. to focus on pricing and hedging counterparty credit, funding and collateral optionality risk across the region.
- Calculate xVA charges on new derivative trades - Analyze the subsequent credit and market risks and execute/book the necessary IR/FX/Credit hedges - Analyze the daily P&L reports and prepare commentary - Sign-off on the Daily Risk and P&L Reports - Liaise with various related teams e.g. Strats, Documentation, BU Risk, Sales & Trading, Legal etc. on general counterparty issues and projects
Qualifications and Skills Required
- At least 2 years of relevant experience in a related role - Excellent analytical skills with a focus on attention to detail - Strong communication skills in English necessary; business-level fluency in Japanese advantageous - Familiarity with OTC derivatives, especially Rates, Credit and FX - Exposure to Fixed Income OTC Derivatives, trading risk and/or market risk a distinct advantage - A degree in Finance- or Engineering-related discipline preferred - A Team player, enthusiastic and willing to learn - Resilience to succeed in a small team setting necessary - This role will be based in either HKG or Tokyo office