Market Risk (Risk Management) - XVA : Job Level - Associate
About The Position
Firm Risk Management (FRM) supports Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, operational, model, and other risks. Background on the Position The role will reside within the Firm Risk Management's Market Risk Department (MRD) which is a team dedicated to providing independent market risk oversight across the Morgan Stanley's trading and banking activities. The position is for a junior Market Risk Manager working in the XVA Coverage team which oversees firm's CVA (Credit Valuation Adjustment), FVA (Funding Valuation Adjustment) and other related/emerging VAs on the firm's counterparty.
Requirements
- 2 Years + experience in a trading or a market risk department is a plus
- Curiosity and self-motivation to develop expertise in financial products, markets, and risk management practices
- Ability to synthesize complex problems and conceptualize appropriate solutions
- Proactive with the ability to work as both part of a close-knit team and independently
- Strong IT skills are desired to facilitate data analysis, competence MS Excel, VBA, and SQL
- Excellent communication skills for written, graphical and verbal presentation, with high competency in PowerPoint
- Knowledge of market risk concepts like VaR and regulatory activities like CCAR is a plus
- Product expertise in Fixed Income and/or Equity products including derivatives is desired
Responsibilities
- Maintain on-going dialogue with trading desks and Front Office support groups regarding positioning, market developments, trading strategies, limit usage, and risk representation of new and/or exotic trades.
- Monitor market risks through the review of portfolio risk sensitivities, Value-at-risk (VaR), stress scenario analysis and limit monitoring.
- Support projects involving your coverage area, such as market risk modelling enhancements, development of stress tests, or regulatory initiatives (e.g. Fundamental Review of the Trading Book).
- Collaborate closely with colleagues from the global Market Risk Department and other support groups, including Model Risk Management Finance & Technology.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
No Education Listed
Number of Employees
5,001-10,000 employees
