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

Morgan Stanley•New York, NY

2d•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 and measuring their impact on Morgan Stanley's NAPG business, including analyzing complex trades and trading strategies, and assessing material weaknesses or overlooked risks. The role requires direct discussion and independent challenge of traders, trading management, and strategists, with appropriate escalation of identified risks to senior risk managers. A key responsibility is understanding P&L drivers and constructing necessary tools for risk and P&L analysis. The role also entails continuously reviewing the limit and reporting framework to ensure its appropriateness in light of new trades, business strategy, new products, and market conditions. Furthermore, the position involves managing, mentoring, training, and developing a team of junior risk managers. The development of risk methodologies, tools, and involvement in system improvements, in close collaboration with traders, quantitative analysts, IT, and other groups within the Firm, is also a significant aspect. The role requires utilizing and enhancing comprehensive stress tests to highlight key risks and participating in the regular sign-off of risk submissions to regulators and senior management. Regular communication of key risks to senior management, including the creation of presentations articulating key risks and portfolio changes, and escalating emerging or developing risks as necessary, is expected. The position also contributes to the assessment of the suitability and performance of pricing and risk models, working with relevant groups to address material deficiencies. Finally, the role requires liaising with and developing effective and 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.

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
5-10 years of relevant experience is preferred
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

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 sign-off 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