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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.
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. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
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.
You will collaborate with colleagues across FRM and the Firm to protect the Firm's and the UK Group'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:
Flat, flexible and integrated global organization
Collaboration and teamwork
Credible, independent decision-making
Creative and practical solutions
Meritocratic and diverse culture
The EMEA Market Risk Department (MRD) is seeking a senior risk manager to oversee the team that covers the Traded Credit Complex, which includes the Corporate Credit, Securitized Credit, Structured Credit and Special Situations activities. In particular, the individual will be responsible for making risk decisions that align with the Firm's risk appetite and incentivizes appropriate risk-taking behaviour. This includes analysing and approving large or complex trades, designing and setting risk limits and making decisions regarding capacity allocation. The role will require significant interaction with the Front Office and other control groups throughout the Firm.
In addition to executing day-to-day risk management activities, the candidate will be a significant contributor to the department's ongoing investment in its technology infrastructure and analytical tools. Utilizing their business domain knowledge and expertise, the candidate will contribute to projects/programs that enable better risk management practices. We seek candidates with a strong desire to learn, the ability to work effectively at both the regional and global level and across many teams with a collaborative, delivery-oriented, highly motivated work ethic and leadership mindset.
Core responsibilities will include:
As part of the Global Credit Complex team, provide independent oversight & control from a regional and legal entity perspective.
Continuous review of the market risk framework to ensure appropriateness in light of risk appetite, new trades, businesses, regulation, products risk factors and market conditions and opportunities.
Continuous monitoring of relevant financial markets and measurement of the impact on MS's portfolio, including analysis of trading strategies and assessment of material weaknesses or overlooked risks and hedging strategies.
Contribute to the development of comprehensive stress tests that highlight all key risks.
Assessment of the suitability / performance of pricing, risk and capital models and working with relevant groups to address material deficiencies.
Ensure risk reporting is fit for purpose and develop any new reporting required.
Understand P&L drivers and construct any necessary tools to facilitate risk and P&L analysis.
Communicate key risks to senior management on a regular basis, including creation of presentations articulating key risks and portfolio changes. Escalate emerging or developing risks as necessary.
Work directly with, and develop effective and constructive working relationships with a diverse set of stakeholders including: Sales and Trading, Business Unit Risk Management, Desk Strategists, Finance, Compliance, Technology and Operations.
Briefing the Firm's regulators on key risks and demonstrating how MRD effectively controls the risk.
Skills required (essential)
Self-motivated market risk management professional who enjoys learning about financial risks, collaborating within a team and interacting with the Front Office and other stakeholders on a daily basis
Knowledge of financial products and key market risk concepts, such as risk sensitivities, VaR, stress testing, scenario analysis, and capital is required.
Candidates must demonstrate diligence as well as strong investigative skills.
Attention to detail, project management and prioritization skills will also be key in balancing daily deadlines with timely implementation of strategic projects.
Demonstrate a proactive and a can-do attitude.
Excellent time management skills with the ability to handle multiple deliverables whilst maintaining excellent attention to detail.
Highly developed oral and written communication skills to prepare and present risk information to a variety of audiences, which includes other senior risk managers, senior Firm management, front office personnel and the Firm's Regulators.
Management experience of small teams.
An excellent academic background and strongly analytical background / training garnered from previous jobs in market risk (or fields related to market risk).
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.
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.
Internal Number: 6499537
About Morgan Stanley
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