Market Risk (Risk Management) : Job Level - Vice President
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 MRD Governance & Controls team is a specialized group within the Market Risk Department (MRD), itself part of Firm Risk Management (FRM). This team provides governance and oversight for all market risk arising from the firm's business activities. Their core mission is to ensure that market risk is managed in accordance with regulatory requirements, internal policies, and best practices. The successful candidate will work to support regulatory compliance and execute effective governance and control processes.
Requirements
- Candidate must have a bachelor's degree or equivalent
- 5+ years' experience in financial services, preferably in risk management
- Understanding of bank and swap dealer regulation related to risk management and risk capital
- Familiarity with market risk management concepts, including scenario analysis, Value at Risk (VaR), stress testing, risk measures/greeks, and related risk management frameworks.
- Strong communication skills and able to message appropriately to a variety of stakeholders at different levels of seniority
- The ability to collaborate with a broad range of colleagues across departments and senior management
- Attention to detail, project management, and prioritization skills will also be key in balancing daily deadlines with timely implementation of strategic projects
Responsibilities
- Manage governance and oversight for regulatory and internal audit matters involving market risk, including ongoing reporting, exams or reviews, ad-hoc interactions, as well as issue remediation.
- Manage governance, oversight, and implementation of key risk management frameworks, and their associated policies & procedures
- Collaborate with 1st Line of Defense to identify areas of improvement in the Firm's control framework
- Serve as a central point of contact for market risk stakeholders and provide advice on governance matters
- Effective communication of key regulatory, audit, and governance risks to senior management
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
5,001-10,000 employees
