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Vice President - Liquidity Risk
Morgan Stanley
New York, NY, United States
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Description
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 cornerstone of Morgan Stanley’s risk management philosophy is the execution of risk-adjusted returns through prudent risk-taking that protects Morgan Stanley’s capital base and franchise. Risk Management protects the firm from exposure to losses resulting from defaults by our lending and trading counterparties.
Background of the Team / Overview
Morgan Stanley’s Liquidity Risk Department provides independent oversight of the Firm’s business activities, serving as a second line of defense to ensure the Firm retains the appropriate level of liquidity to weather material market and idiosyncratic stresses. Liquidity Risk Department reports to the Chief Risk Officer and is responsible for independent oversight and monitoring of the Firm’s overall trading, funding, financing and banking businesses, liquidity risk limit setting, risk assessment and analysis, and management and regulatory reporting.
POSITION
Morgan Stanley seeks a professional with previous risk and stress testing experience to join Firm Risk Management at the Vice President level in the Liquidity Risk Department. The role is for a risk manager covering the Firm’s liquidity risk , preferably with previous experience working in a Treasury or Liquidity Risk Department, with an understanding of Prime Brokerage and Secured Funding.
RESPONSIBILITIES
• Identifying, assessing and monitoring liquidity risks related to the Firm’s business activities with a focus on the entire non-bank balance sheet (unsecured funding, secured funding, lending, prime brokerage, derivatives)
• In depth analysis of stress testing results and communication to key stakeholders
• Maintaining active dialogue with business units, treasury, risk management colleagues, and other groups regarding business strategies, risk representation, and limit compliance
• Collaborating with senior business professionals in enhancing liquidity planning, liquidity stress testing, limit setting and asset/liability management
• Managing analyst and associates, individually, and as a team
• Preparing and presenting briefings to senior management on key risk issues
• Executing projects to investigate and improve the risk representation of the Firm’s liquidity risk, contingency funding plans, asset-liability management, and stress testing framework
• Communicate results of analyses with relevant stakeholders
• Creating high quality reports for Boards, Regulators and internal use on a regular basis.
• Innovate ways to identify key risks/concentrations and implement processes to actively monitor these risks
• Assist, as needed, with the review and challenge of existing stress models
• Conduct reviews of the regulatory requirements for the LCR and NSFR
• Innovate ways to identify key risks/concentrations and implement processes to actively monitor these risks
• Liaise with Treasury, business personnel and risk managers to ensure the timeliness and appropriateness of the representation of liquidity risks.
Qualifications
SKILLS
• 6-10 years relevant work experience in risk and/or analytics at a commercial bank, investment bank, or consulting firm
• Master’s degree preferable, in Business and Finance
• Broad knowledge of and practical experience in various asset classes, including foreign exchange, equities and credit instruments
• Both Quantitative and qualitative, with strong intuition and the ability to make judgments based on analysis
• Ability to synthesize complex problems and conceptualize appropriate solutions
• Ability to handle and analyze large data sets. Proficiency in Excel, SQL and VBA is required
• Excellent communication skills for written, graphical and verbal presentation, with high competency in Excel and PowerPoint
• Strong background in methodology/process documentation
• Proactive with the ability to work as both part of a close-knit team and independently
• Ability to work under time pressure