Associate, Risk / Policy Management

Morgan Stanley•New York, NY

4d•$133,000 - $140,000•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

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