Market Risk (Risk Management) : Job Level - Vice President

Morgan Stanley•New York, NY

11d

About The Position

Firm Risk Management 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 governance and oversight of all market risk arising from the Firm's business activities. The successful candidate will join the Fixed Income Macro coverage team which oversees products in the interest rate, foreign exchange, and emerging market spaces as well as cross-asset trading strategies. Primary Responsibilities Morgan Stanley is seeking an experienced Macro (IR/FX/EM) risk manager to join the Market Risk Department (MRD), based in New York.

Requirements

Candidate must have a bachelor's degree at a minimum and 5-8 years of market risk experience, quantitative background preferred.
Experience in Rates and/or FX derivatives is required. Product knowledge of interest rates and/or FX is preferred.
Understanding of risk management concepts such as VaR, stress testing, scenario analysis and capital calculations.
Strong attention to detail, ability to handle multiple priorities and operate autonomously while still being able to escalate appropriately and without compromising on quality.
Highly developed interpersonal and communication skills to prepare and present key risks and complex proposals to a variety of audiences.
Technological proficiency in Excel, SQL and Python

Responsibilities

Continuously monitor the financial markets and measure the risk impact of a IR/FX/EM non-linear portfolio, including analyzing complex trades and trading strategies and assessing material weaknesses or overlooked risks and hedging strategies. Monitor market risks through the review of portfolio risk sensitivities, Value-at-risk (VaR), stress scenario analysis and limit management.
Facilitate discussion and encourage independent challenge of traders, trading management and strategists.
Understand P&L drivers and construct any necessary tools to facilitate risk and P&L analysis.
Participate in the formal new product approval process
Contribute to the assessment of the suitability and performance of pricing and risk models. Work with relevant groups to address material deficiencies
Continuously review limit and reporting framework to ensure appropriateness in light of new trades, business strategy, new product risk factors and market conditions
Development of risk methodologies, tools and involvement in system improvement working closely with traders, quantitative analysts, IT and other groups within the Firm
Utilize and enhance comprehensive stress tests that highlight key risks and participate in regular signoff of risk submissions to regulators and senior management.
Communicate key risks to senior management on a regular basis, including creation of presentations articulating key risks and portfolio changes, escalate emerging or developing risks as necessary
Liaise with and develop effective & constructive working relationships with a diverse set of stakeholders including Sales and Trading, Business Unit Risk Management, Desk Strategists, Finance, Technology and Operations and other groups within Firm Risk Management
Manage, mentor, train and develop a team of junior risk managers