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Asia Pacific Firm Risk Management, Central Stress Testing & Capital, Vice President (Hong Kong)
Morgan Stanley
Hong Kong, , Hong Kong
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Description
Morgan Stanley is a leading global financial services firm providing investment banking, securities, investment management and wealth management services. With offices in more than 43 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals.
Functions of the team:
• Drive regional legal entity CAAP process, various regulatory initiatives and capital related exercises, from a risk perspective
• Develop and own regional/legal entity Stress Testing Policies and Procedures
• Coordinate and harmonize cross-risk and risk-type stress testing programs
• Interface with individual Risk Managers to coordinate integrated stress testing program with risk area initiatives
• Lead working groups in integrated scenario definition, generation, and narrative
• Coordinate the integrated cross-risk stress loss calculations
• Assess aggregate results and recommend follow-up actions
Responsibilities
• Managing internal and regulatory stress testing program for credit and market risk, including but not limited to identification of risk issues and concentrations, stress methodology development, infrastructure strategy, documentation drafting and review, quality assurance and internal communication
• Coordinating with BU, Finance, risk managers to identify, review and maintain the inventory of material risks
• Developing stress testing scenarios that address the region’s or legal entity’s unique risk vulnerabilities
• Reviewing and interpreting stress testing results to facilitate decision making and communication to senior management and key stakeholders
• Performing project management within Risk on key stress testing deliverables (e.g. timelines, issue tracking and resolution, etc.)
• Assessing and promoting compliance with regulatory requirements around stress testing
• Developing stress testing reporting for senior management
Qualifications
• Bachelor degree or equivalent, ideally in Finance, Economics or similar
• 7-10 years of relevant financial services experience
• Prior experience in risk management or internal audit within a wholesale financial services environment
• Good judgment of risks and an understanding of financial markets, products, models
• Good knowledge of regulatory capital calculation and up-to-date working knowledge of regulatory requirements and change
• Ability to drive complex, cross-functional projects
• Superior written and verbal communication skills
• Ability to multi-task and operate in a fast-paced, dynamic financial services environment
• Ability to work in a small team environment, building and maintain a network of contacts and coordinating with a large number of stakeholders