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Risk Management Stress Testing (Seeking Associate or Vice President)
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.
Firm Risk Management (FRM) Central Stress Testing Team
Functions of the team:
• Develop and own Firm Stress Testing Policies and Procedures
• Coordinate and harmonize cross-risk and risk-type stress testing programs
• Interface with individual Risk or Portfolio Managers to coordinate integrated stress testing program with risk area initiatives
• Lead various working groups and committees (e.g. Stress Scenario Committee) in integrated scenario definition, generation, and narrative
• Coordinate the integrated cross-risk stress loss calculations
• Organize FRM Stress Testing Governance Committee meetings
• Assess aggregate results and recommend follow-up actions
Job description:
Responsibilities:
• Manage day-to-day operations of the Central Stress Testing Team
• Work with Risk, Finance, and Business to assemble and update risk inventory (e.g. document risk classifications, materiality evaluations, and recommendations)
• Coordinate the specific projects as well as the production of standard and ad-hoc stress testing reports
• Perform project management on key stress testing deliverables (e.g. timelines, issue tracking and resolution, etc.)
• Provide analytical support in explaining stress results to various stakeholders
• Document various stress testing processes and prepare various stress testing presentations
• Review and analyze stress reports
Qualifications:
• 3+ years of experience involving risk management in a financial institution
• Experience in CCAR program desirable
• Proficiency in Microsoft Excel and ability to quickly analyze and synthesize large volumes of data (experience with SQL and database query desirable)
• Ability to work under pressure and manage multiple projects
• Excellent written and communication skills