Market Risk - XVA (Risk Management) : Job Level - Associate
About The Position
This Associate-level role is within Morgan Stanley's Firm Risk Management (FRM), in the Market Risk Department (MRD). MRD provides independent market risk oversight across the Firm's trading and banking activities. The role is on the XVA Coverage team, which oversees the Firm's CVA (Credit Valuation Adjustment), FVA (Funding Valuation Adjustment), and other related or emerging valuation adjustments on the Firm's counterparties. The position is for a junior Market Risk Manager. It involves overseeing portfolio market risk, maintaining dialogue with trading desks and Front Office support groups, and contributing to risk modeling, stress testing, and regulatory initiatives. The role also requires collaboration with global Market Risk colleagues and other support groups.
Requirements
- 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 approach and ability to work both as part of a close-knit team and independently.
- Strong IT skills to facilitate data analysis; competence in MS Excel, VBA, and SQL is desired.
- Excellent written, graphical, and verbal communication skills, with high competency in PowerPoint.
Nice To Haves
- Two or more years of experience in a trading or market risk department.
- Knowledge of market risk concepts such as VaR and regulatory activities such as CCAR.
- Product expertise in Fixed Income and/or Equity products, including derivatives.
Responsibilities
- Maintain ongoing dialogue with trading desks and Front Office support groups about positioning, market developments, trading strategies, limit usage, and risk representation of new or exotic trades.
- Monitor market risks by reviewing portfolio risk sensitivities, Value-at-Risk (VaR), stress scenario analysis, and limit monitoring.
- Support projects in the coverage area, including market risk modeling enhancements, stress-test development, and regulatory initiatives such as the Fundamental Review of the Trading Book.
- Collaborate with colleagues in the global Market Risk Department and other support groups, including Model Risk Management, Finance, and Technology.
Benefits
- Comprehensive employee benefits and perks.
- Potential commission earnings, incentive compensation, discretionary bonuses, and other short- and long-term incentive packages, depending on the position.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
