Prime Brokerage Risk, Associate

Morgan Stanley • New York, NY

12d

About The Position

Institutional Securities Group (ISG) Derivative Prime Brokerage Risk is responsible for monitoring and managing the market risk of multi-asset portfolios in the listed markets, OTC cleared derivatives, FX Prime Brokerage and Prime Brokerage on both an intraday and overnight risk basis. Our client base includes large institutional fund managers, hedge funds, CTAs, market makers, international corporations and broker dealers. We are staffed globally with offices in New York, Chicago, San Francisco, London, Glasgow, Hong Kong, Tokyo, Sydney and Mumbai. We are seeking an experienced Associate level candidate to join the Risk team in the New York office. A successful candidate would be expected to: Perform risk analysis of global multi-asset portfolios to assess market and liquidity risks, with focus on equities, rates, commodities, FX and credit Manage risk identification of model & portfolio assumptions, market inputs, pricing issues, and drive understanding of the design of respective risk measurement methodologies including VaR, stress testing, scenario analysis, liquidity analysis etc. Collaborate with the Trading, Sales, Credit and IT teams to ensure market risks are fully understood, captured and approaches challenged where necessary Work with market experts to develop a view of market conditions, ensuring deep understanding on inherent risk and be able to explain in a simple way both to internal decision makers and interested external parties, such as regulators, if required Explain margin methodologies and different risk management approaches to existing and prospective clients. Engage with CCPs to understand drivers of exchange margins, and where necessary advocate for improvements

Requirements

• 3+ years of experience in the financial services industry, with Listed Derivatives and/or Prime Brokerage knowledge required
• Strong quantitative and analytical skills required
• Understanding of the regulatory requirements applicable to the futures markets, and a broad knowledge of the trading, operational, and risk management practices within an FCM and/or broker-dealer
• This role will provide risk management expertise in complex areas and should be able to manage their own work with limited supervision
• Detail oriented and able to challenge business requests with an independent mindset and expert advice
• Able to provide clear and articulate guidance to internal stakeholders on policy and regulatory requirements, interacting with individuals at all levels within an organization
• Strong interpersonal, verbal and written communication skills with a high level of intellectual curiosity

Nice To Haves

• Advanced degree in economics, finance, mathematics, statistics or related field preferred
• FRM and/or CFA charter holder (or in the process obtaining) a plus
• Knowledge of CCPs structures and their respective margin methodologies a positive
• Strong excel and/or python skills a plus

Responsibilities

• Perform risk analysis of global multi-asset portfolios to assess market and liquidity risks, with focus on equities, rates, commodities, FX and credit
• Manage risk identification of model & portfolio assumptions, market inputs, pricing issues, and drive understanding of the design of respective risk measurement methodologies including VaR, stress testing, scenario analysis, liquidity analysis etc.
• Collaborate with the Trading, Sales, Credit and IT teams to ensure market risks are fully understood, captured and approaches challenged where necessary
• Work with market experts to develop a view of market conditions, ensuring deep understanding on inherent risk and be able to explain in a simple way both to internal decision makers and interested external parties, such as regulators, if required
• Explain margin methodologies and different risk management approaches to existing and prospective clients.
• Engage with CCPs to understand drivers of exchange margins, and where necessary advocate for improvements

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees