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

Morgan Stanley•New York, NY

5d•$120,000 - $215,000•Onsite

About The Position

Morgan Stanley is seeking a Vice President desk-facing risk manager to join its New York based Commodities Market Risk Management team. This role will lead the coverage of the North America Power and Gas (NAPG) business. The position involves continuously monitoring markets, measuring the impact on MS's NAPG business, analyzing complex trades and trading strategies, and assessing material weaknesses or overlooked risks. The role requires independent challenge of traders, trading management, and strategists, with appropriate escalation of identified risks to senior risk managers. Understanding P&L drivers and constructing necessary tools for risk and P&L analysis is crucial. The position also entails continuously reviewing the limit and reporting framework, managing and mentoring a team of junior risk managers, and developing risk methodologies, tools, and system improvements in collaboration with traders, quantitative analysts, IT, and other firm groups. Additionally, the role involves utilizing and enhancing comprehensive stress tests, participating in risk submission signoffs to regulators and senior management, and communicating key risks through regular presentations. Contribution to the assessment of pricing and risk models and liaising with diverse stakeholders including Sales and Trading, Business Unit Risk Management, Desk Strategists, Finance, Technology, and Operations are also key responsibilities.

Requirements

Advanced experience in North America Power and Gas is required.
Understanding of risk management concepts such as VaR, stress testing, scenario analysis, and capital.
Independent mindset and ability to challenge people and established processes.
Proactive with the ability to work as both part of a close-knit team and independently.
Strong proficiency with a variety of technology tools, including analyzing large data sets using tools such as Excel, SQL, Python, AI.
Highly developed oral and written communication skills which can be used to prepare and present risk information to a variety of audiences.
Attention to detail, project management and prioritization skills will also be key in balancing daily deadlines with timely implementation of strategic projects.

Nice To Haves

Exposure to other commodities products or other asset classes will also be looked at favorably.
5-10 years of relevant experience is preferred.

Responsibilities

Continuously monitor the markets and measure the impact on MS's NAPG business, including analyzing complex trades and trading strategies and assessing material weaknesses or overlooked risks.
Live discussion and independent challenge of traders, trading management and strategists. Appropriate escalation of risks identified to senior risk managers.
Understand P&L drivers and construct any necessary tools to facilitate risk and P&L analysis.
Continuously review limit and reporting framework to ensure appropriateness in light of new trades, business strategy, new products and market conditions.
Manage, mentor, train and develop a team of junior risk managers.
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 all 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, escalating emerging or developing risks as necessary.
Contribute to the assessment of the suitability and performance of pricing and risk models. Work with relevant groups to address material deficiencies.
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.