Associate, Risk / Policy Management

Morgan Stanley • New York, NY

1d • Hybrid

About The Position

Morgan Stanley Services Group, Inc. is seeking an Associate, Risk / Policy Management in New York, New York to manage market risk for trading desks with direct engagement across traders, trading management, and strategists, ensuring timely escalation of identified risks to senior risk managers. Collaborate with credit, finance, and valuation control teams, as well as real-time involvement in approving complex and large transactions. Facilitate independent challenge of trading decisions, understand P&L drivers, build tools for risk and P&L analysis, participate in new product approval processes, and continuously review limit and reporting frameworks to ensure alignment with evolving business strategies and market conditions. Perform stress testing scenario analysis for weekly production and annual CCAR submission, signing off risk submissions to regulators and senior management, and communicating key risks and portfolio changes through presentations. Telecommuting permitted up to 2 days per week.

Requirements

• Requires a Bachelor’s degree in Financial Economics, Finance, or a related field of study.
• Requires four (4) years of experience in the position offered or four (4) years as an Associate, Analyst, or related occupation.
• Requires four (4) years of experience with Market risk management, including risk identification, measurement, and mitigation across diverse asset classes and investment structures.
• Requires four (4) years of experience with Design and implement risk limit frameworks that align with regulatory standards and business objectives.
• Requires four (4) years of experience with Monitor and analyse quantitative risk metrics such as Value at Risk (VaR), sensitivity analysis, and basis calculations for hedged positions.
• Requires four (4) years of experience with Design of stress testing methodologies, including scenario design, narrative coherence, and interpretation of results to assess portfolio vulnerabilities.
• Requires four (4) years of experience with Manage portfolio risk inventory, including monitoring exposures, hedges, and ensuring accurate risk representation.
• Requires four (4) years of experience with Evaluate and enhance pricing, risk, and capital models, addressing deficiencies and ensuring model suitability for complex products.
• Requires four (4) years of experience with Develop interactive dashboards using Power BI for risk visualization and reporting, and program using SQL and Python.

Responsibilities

• Manage market risk for trading desks with direct engagement across traders, trading management, and strategists.
• Ensure timely escalation of identified risks to senior risk managers.
• Collaborate with credit, finance, and valuation control teams.
• Provide real-time involvement in approving complex and large transactions.
• Facilitate independent challenge of trading decisions.
• Understand P&L drivers.
• Build tools for risk and P&L analysis.
• Participate in new product approval processes.
• Continuously review limit and reporting frameworks to ensure alignment with evolving business strategies and market conditions.
• Perform stress testing scenario analysis for weekly production and annual CCAR submission.
• Sign off risk submissions to regulators and senior management.
• Communicate key risks and portfolio changes through presentations.

Benefits

• Comprehensive employee benefits and perks in the industry.
• Opportunity to work alongside the best and the brightest.
• Environment where you are supported and empowered.
• Ample opportunity to move about the business for those who show passion and grit in their work.

What This Job Offers

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