Risk Manager (Credit/Market) - Vice President
New York, New York
Employer: Morgan Stanley
Industry: Wealth Management
Salary: $100000 - $180000 per year
Job type: Full-Time
Wealth Management Risk functions as an in-business risk unit, partnering closely with WM Platforms and Firm Risk to assess and manage market risk associated with various credit-related products offered to WM clients, including through E*TRADE for Morgan Stanley. The team is seeking a highly motivated individual with broad securities expertise to support risk management of daily margined products - e.g., securities-based lending products, listed options, futures, and FX forwards. Qualities that define a strong candidate: well-versed in complex financial products, quantitatively inclined, adept with large volumes of data, intellectually curious, nimble, creative and ambitious.
Position Responsibilities
Strategic initiatives:
• Manage WM portfolio of credit clients according to WM risk appetite by identifying and exposing factors contributing to increases in gap risk exposure,
• Integrate risk metrics into a risk appetite framework to enable the WM business to assess the economics of engaging in client transactions with financial risk,
• Leverage the existing risk tools to develop predictive analytics that enable WM Risk to proactively manage client risk,
• Develop enhancements to WM Risk's model for credit gap risk.
Tactical initiatives:
• Conduct daily reviews and outreach to manage client exposures resulting from credit transactions and/or market activity,
• Engage with Financial Advisors and Complex Product Risk Officers to structure risk parameters for their clients' derivative transactions and positions,
• Perform daily monitoring of risk controls, including client credit limits and margin requirements, and propose remediating actions for risk exceedances,
• Deliver training sessions to educate partners in Field Management on WM Risk's risk management framework,
• Collaborate with product managers and risk officers to reach consensus on risk decisions pertaining to WM clients,
• Facilitate weekly meetings with Field Risk to identify clients for further review.
Qualifications:
Experience
• Bachelor's degree in Economics, Finance, Mathematics, or Statistics. Master's degree in Quantitative Finance or Financial Engineering or equivalent preferred,
• Minimum of 8 years' experience in credit risk and/or market risk,
• Prior financial modeling and/or quantitative analysis experience.
Skills
• Excel, PowerPoint and Bloomberg
• Proficiency in SQL and/or Tableau a plu
• Solid analytical skills and understanding of a broad range of financial products and derivative
• Strong verbal and written communication skills with the ability to articulate complex concepts in layman's term
• Ability to maneuver successfully through a matrixed organization
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
Expected base pay rates for the role will be between $100,000 and $180,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
Position Responsibilities
Strategic initiatives:
• Manage WM portfolio of credit clients according to WM risk appetite by identifying and exposing factors contributing to increases in gap risk exposure,
• Integrate risk metrics into a risk appetite framework to enable the WM business to assess the economics of engaging in client transactions with financial risk,
• Leverage the existing risk tools to develop predictive analytics that enable WM Risk to proactively manage client risk,
• Develop enhancements to WM Risk's model for credit gap risk.
Tactical initiatives:
• Conduct daily reviews and outreach to manage client exposures resulting from credit transactions and/or market activity,
• Engage with Financial Advisors and Complex Product Risk Officers to structure risk parameters for their clients' derivative transactions and positions,
• Perform daily monitoring of risk controls, including client credit limits and margin requirements, and propose remediating actions for risk exceedances,
• Deliver training sessions to educate partners in Field Management on WM Risk's risk management framework,
• Collaborate with product managers and risk officers to reach consensus on risk decisions pertaining to WM clients,
• Facilitate weekly meetings with Field Risk to identify clients for further review.
Qualifications:
Experience
• Bachelor's degree in Economics, Finance, Mathematics, or Statistics. Master's degree in Quantitative Finance or Financial Engineering or equivalent preferred,
• Minimum of 8 years' experience in credit risk and/or market risk,
• Prior financial modeling and/or quantitative analysis experience.
Skills
• Excel, PowerPoint and Bloomberg
• Proficiency in SQL and/or Tableau a plu
• Solid analytical skills and understanding of a broad range of financial products and derivative
• Strong verbal and written communication skills with the ability to articulate complex concepts in layman's term
• Ability to maneuver successfully through a matrixed organization
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
Expected base pay rates for the role will be between $100,000 and $180,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
Created: 2024-06-28
Reference: 3254812
Country: United States
State: New York
City: New York
ZIP: 10036
Similar jobs:
-
Market & Liquidity Risk Manager-Mandarin
Experis in New York, New York -
Sr. Manager, Risk, Workers Compensation Domestic Claims
Amazon in New York, New York💸 $142700 per year -
Senior Associate Risk Management-Technology Data Operations
KPMG in Albany, New York -
Associate, Asset Management, Fixed Income, Investment Risk
Morgan Stanley in New York, New York💸 $85000 - $140000 per year -
Assistant Director of Risk Management, Quality & Safety
NYC Health Hospitals in New York, New York -
Risk Modeling Services Life - Prophet Manager
PwC in New York, New York -
Sr. Manager, Corp Auto Risk, Sr. Manager Corporate Auto Claims
Amazon in New York, New York💸 $142700 per year -
Risk Modeling Services Life - Manager
PwC in New York, New York -
Senior Manager-Risk Management
American Express in New York, New York -
Manager-Risk Management
American Express in New York City, New York -
Director-Risk & Information Management
American Express in New York, New York💸 $130000.00 per year -
Risk Management Coordinator
Northwell Health in Great Neck, New York💸 $47476 - $75012 per year -
Let's begin! Sr Dir-Risk Management (4375)
Moody's Investors Service in New York, New York -
Internal Audit Vice President - Operational Risk Management
Morgan Stanley in New York, New York💸 $110000 - $190000 per year -
Data Risk & Privacy - Data Governance - Knowledge Graph / Data Engineering - Manager
PwC in New York, New York -
Director - Control Management Process Risk Reduction
American Express in New York, New York💸 $130000.00 per year -
Macroeconomist VP - Scenario Analytics (Risk Management)
Morgan Stanley in New York, New York💸 $160000 - $250000 per year -
Vice President, US Banks Enterprise Risk Management
Morgan Stanley in New York, New York💸 $110000 - $190000 per year -
Associate, Credit Risk (Risk Management)
Morgan Stanley in New York, New York💸 $85000 - $140000 per year -
ED, e-trading - Market Risk (Risk Management)
Morgan Stanley in New York, New York💸 $160000 - $250000 per year