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Market Risk Portfolio Analysis - Vice President
Morgan Stanley
London, , United Kingdom
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Company Profile
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.
As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Department Profile
The Risk Management division is at the core of the firm’s activities, and its role is evolving and expanding in line with changing industry standards, regulatory requirements, and commercial pressures. The Risk Management Division comprises a number of Risk coverage and functional Departments, of which the Market Risk Department plays a critical role in delivering independent control and challenge to the business.
The Market Risk Department is responsible for identifying, analysing, measuring, controlling, and reporting market risk exposures generated as a result of both trading and banking activities booked in EMEA and the UK Group. The Department consists of business-facing market risk managers and a Portfolio Analysis & Stress Testing team.
Job Description
Morgan Stanley is seeking a Vice President to join its new London based Market Risk Portfolio team (which sits within the Market Risk Department). The successful candidate will provide cross asset legal entity risk coverage and governance, with a specific focus on internal models such as VaR and Stressed VaR, responsible for a team of 3 people based in Budapest and report directly to the EMEA Head of Market Risk Portfolio & Stress Testing. The Portfolio team reports into the EMEA Head of Market Risk Portfolio & Stress Testing.
The role covers all aspects of Market Risk legal entity risk governance including:
• VaR analysis, tying back to cross asset risk changes, and implementation of the VaR control framework.
• Limit setting, monitoring and analysis.
• Ensure Legal Entity risk reporting is fit for purpose and develop any new reporting required for both senior management and regulatory consumption.
• Understand P&L drivers and construct any necessary tools to facilitate risk, P&L and backtesting analysis. Working with finance and the market risk methodology team on VaR methodology enhancements.
Qualifications
Skills Required
• Good knowledge of financial products is essential, including an understanding of risk representations (including greeks) and a solid understanding of risk management concepts such as VaR, stress testing, scenario analysis, and capital is required.
• An excellent academic background, including an advanced degree in a quantitative discipline, such as economics, finance, statistics/mathematics, sciences or engineering. Additional qualifications, such as an FRM, would also be looked upon favourably.
• Proactive with the ability to work as both part of a close-knit team and independently
• Strong communication skills for written, graphical and verbal presentation
• Proficiency with a variety of IT applications as well as a good understanding of programming is advantageous.
• Be able to demonstrate good judgment of risks and an understanding of risk areas covered, in particular Fixed Income, including markets, models and products.
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing and advancing individuals based on their skills and talents.