Associate, Risk / Policy Mgmt

Morgan Stanley•New York, NY

1d•$127,000 - $140,000•Hybrid

About The Position

Morgan Stanley Services Group Inc. is seeking an Associate, Risk / Policy Mgmt in New York, New York to implement financial models, identify model enhancement opportunities, identify portfolio and client risk trends based on market condition, and communicate findings through reports and presentations. Support and direct the CCAR process for Wealth Management Traded Products, including scenario design, scenario expansion, quality assurance, portfolio analysis, and governance requirements for business in the United States. Handle projects and provide critical support to strategic initiatives, aligning IT, risk analytics, model risk management, and other teams to streamline data migration, harmonize processes, and implement a unified risk framework across SBL and Wealth Management Traded Products. Cover portfolio including OTC and listed derivatives (Equity, FX, IR, Commodities), and Securities-based lending products. Enhance key processes and tools by automating weekly counterparty reports and incorporating asset-class-level drivers (trade and netting set levels) for enhanced transparency. Develop governance and documentation materials, including loss drivers, top contributors, model and portfolio changes. Engage in cross-functional partnerships, addressing concerns from enterprise management, coverage officers, risk analytics, model risk management, and internal audit. Leverage Credit Risk Management tools to perform complex analysis to highlight portfolio sensitivities and vulnerabilities to inform scenario design. Identify drivers of stress testing results and prepare materials for senior management communication. Telecommuting permitted up to 2 days per week.

Requirements

Requires a Master’s degree in Political Science, Economics, or a related field of study.
Requires two (2) years of experience in the position offered or two (2) years as an Analyst, Associate, Account Manager, or a closely related occupation.
Requires two (2) years of experience with the following skills: Counterparty Exposure Metrics and Credit Exposure Methodology; Corporate and Tailored Lending; Fixed Income Products including Treasuries and Municipal Bonds; Data querying using SQL; Report automation using VBA Macros; Excel including formulas, pivoting, data modeling and visualization; Variance analysis; PD (Probability of Default), LGD (Loss Given Default), and EAD (Exposure at Default); and Portfolio concentration analysis.
Requires one (1) year of experience with the following skills: Comprehensive Capital Analysis and Review (CCAR); Scenario Design and Portfolio Risk Identification; Securities Financing Transactions including Repos, Reverse Repos, and Secured-Based Lending; OTC (Over-the-Counter) and Listed Derivatives including Equity, FX (Foreign Exchange), Interest Rates, and Commodities; Automation and analytics using Python; Sensitivity Analysis including Equities and Interest Rates; Limit-setting framework; and Macro scenario shock translation.

Responsibilities

implement financial models
identify model enhancement opportunities
identify portfolio and client risk trends based on market condition
communicate findings through reports and presentations
support and direct the CCAR process for Wealth Management Traded Products
handle projects and provide critical support to strategic initiatives
enhance key processes and tools by automating weekly counterparty reports and incorporating asset-class-level drivers
develop governance and documentation materials
engage in cross-functional partnerships
leverage Credit Risk Management tools to perform complex analysis to highlight portfolio sensitivities and vulnerabilities to inform scenario design
identify drivers of stress testing results and prepare materials for senior management communication