Asset Liability Management Risk Manager (Risk Management) : Job Level - Associate/Analyst

Morgan Stanley • New York, NY

9d • $75,000 - $140,000

About The Position

Firm Risk Management Firm Risk Management (FRM) supports Morgan Stanley in achieving its business objectives by partnering with business units across the Firm to deliver efficient, risk‑adjusted returns. FRM acts as a strategic advisor to senior management and the Board and protects the Firm from exposure to losses arising from credit, market, liquidity, operational, model, and other risks. Background on the Position This role sits within Firm Risk Management, on the Asset Liability Management (ALM) Risk team, which is responsible for identifying, assessing, and monitoring interest rate risk in the banking book, and for establishing limits that articulate the Firm’s risk appetite relative to its capital and earnings profile. The successful candidate will join a high‑visibility team that works closely with Corporate Treasury, the Chief Investment Office (CIO), and senior risk management leadership. The role offers meaningful exposure to Firm‑wide balance‑sheet strategy, interest rate risk governance, and regulatory engagement. This position is well suited for a highly analytical individual who is comfortable working directly with large datasets and risk metrics and who is eager to apply SQL and Python to real‑world balance‑sheet and risk management problems.

Requirements

• Bachelor’s degree required; 1–2 years of relevant experience
• Prior exposure to Treasury, ALM, or balance‑sheet risk is strongly preferred
• Strong hands‑on proficiency in SQL and Python, with experience analyzing large, complex datasets and building repeatable analytical workflows
• Demonstrated curiosity and self‑motivation to develop deep expertise in financial products, interest rate markets, and risk management practices
• An entrepreneurial mindset, with interest in improving existing processes and helping build scalable risk analytics and frameworks
• Strong written and verbal communication skills, with the ability to translate technical analysis into clear messages for senior audiences
• Excellent attention to detail, organizational skills, and the ability to balance day‑to‑day deliverables with longer‑term strategic projects

Responsibilities

• Identify, assess, and monitor key banking book interest rate risk metrics, including Net Interest Income (NII) and Economic Value of Equity (EVE) sensitivities
• Analyze banking book portfolios across deposits, debt issuance, derivatives, and investment securities to understand risk drivers and structural exposures
• Develop and maintain analytical tools and datasets using SQL and Python to support recurring risk monitoring, ad‑hoc analysis, and senior management reporting
• Partner with Corporate Treasury, CIO, and risk management colleagues on balance‑sheet strategy, risk representation, and limit setting
• Prepare and present concise, decision‑oriented materials for senior management, Risk Committees, and Regulators on a regular basis
• Liaise with Treasury, business stakeholders, and other risk teams to ensure the accuracy, consistency, and appropriateness of interest rate risk representation
• Contribute to the ongoing enhancement of ALM risk frameworks, processes, and controls, including automation and analytical deepening where appropriate

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level