Associate, Risk / Policy Management

Morgan Stanley•New York, NY

4d•Hybrid

About The Position

Morgan Stanley Services Group Inc. is seeking an Associate, Risk / Policy Management in New York, NY to perform Collateral Analysis for Wealth Management Ultra High and High Net Worth Securities Based Lending business of both Domestic (US) and International (non-US) clients. Ensure timely review and challenge of transactions, annual reviews, ad hoc/interim underwriting requests. Monitor aggregated credit metrics at business, legal entity, and product level. Perform portfolio level analytics, and business as usual stress testing. Execute analyses to support strategic business initiatives. Collaborate with Credit Risk Coverage and modeling teams to develop and enhance stress testing methodologies and modeling approaches. Produce documentation and presentations to communicate information to stakeholders. Partner with stakeholders on projects to improve process and data flows and automating stress testing. Participate in ad-hoc projects, audits, regulatory exams, procedures, policy, and model reviews. Monitor capital markets, geopolitical events, domestic and world news, etc. to identify potential macro/micro issues impacting repayment risk.

Requirements

Master’s in Finance, Financial Risk Management, or a related field of study.
Two (2) years of experience in the position offered or two (2) years as an Associate, Analyst, or a related occupation.
Two (2) years of experience with Internal Model Methodology expertise and Stress Testing experience of Derivatives and Security Financing Transactions (SFTs) including methodologies for calculating Potential Exposure, Effective Expected Positive Exposure (EEPE) and Current Exposure (CE) driven by regulatory requirements under Basel and CRR/CRR2 guidelines.
Two (2) years of experience evaluating counterparty credit risk for Securities Based Lending, OTC, listed derivatives, SFTs (repo-reverse repo, stock lending/borrowing), and Prime Brokerage.
Two (2) years of experience with Internal Capital Adequacy Process including review and challenge of credit risk model performance and effectiveness under changing market conditions.
Two (2) years of experience assessing liquidity of various transactions subject to recovery and resolution planning by the FED.
Two (2) years of experience testing transaction liquidity under adverse market conditions.
Two (2) years of experience determining SFTs haircuts based on collateral liquidity and volatility as per Basel requirements.
Two (2) years of experience with global regulatory credit risk frameworks, including Basel IMM, SA-CCR, and BCBS279, the PRA Rulebook and CRR, as well as U.S. regulatory standards under Fed CRF 217.
Two (2) years of experience with Stress Testing and Stress Scenario Analysis utilizing Basel Stress testing principles and Fed CCAR / DFAST (Dodd-Frank Act stress test) methodologies.
Two (2) years of experience with SQL and Excel for data extraction, validation, and automation of credit risk metrics analysis and reporting.
Two (2) years of experience with Risk Project Management including designing, requirement gathering, UAT testing and implementation of data quality, risk reporting and regulatory initiatives.
Two (2) years of experience with Senior stakeholder reporting and presentations as part of Senior management committee meetings and regulatory requirements.

Responsibilities

Perform Collateral Analysis for Wealth Management Ultra High and High Net Worth Securities Based Lending business of both Domestic (US) and International (non-US) clients.
Ensure timely review and challenge of transactions, annual reviews, ad hoc/interim underwriting requests.
Monitor aggregated credit metrics at business, legal entity, and product level.
Perform portfolio level analytics, and business as usual stress testing.
Execute analyses to support strategic business initiatives.
Collaborate with Credit Risk Coverage and modeling teams to develop and enhance stress testing methodologies and modeling approaches.
Produce documentation and presentations to communicate information to stakeholders.
Partner with stakeholders on projects to improve process and data flows and automating stress testing.
Participate in ad-hoc projects, audits, regulatory exams, procedures, policy, and model reviews.
Monitor capital markets, geopolitical events, domestic and world news, etc. to identify potential macro/micro issues impacting repayment risk.