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Executive Director - Head of Market Risk Projects
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, liquidity and franchise. The Risk Management Division is responsible for the independent identification, analysis, reporting and escalation of all market, credit and operational risk exposures arising from Morgan Stanley business activities, acting independently of business management and providing an effective challenge process. Within the Market Risk Management Division, the Project Team delivers Change Management across large stand-alone projects as well as BAU enhancement.
Primary Responsibilities
A senior project manager is required to lead a team delivering Change Management for the Market Risk Department. The role encompasses projects including VaR model releases, VaR remediation, Intraday Risk Management, Data and Risk Framework. The role-holder is responsible for the following:
• A combination of direct project management responsibilities together with management of a team of project managers responsible for Market Risk projects
• Project execution, including developing project plans and tracking delivery
• Partnership with senior stakeholders to define the portfolio of initiatives. Key stakeholders will include the Global Head of Market Risk and EMEA Head of Market Risk
• Enforcement of strong project management discipline
• Senior stakeholder management including escalating and resolving issues as necessary
• Allocating and scheduling work across the team
Qualifications
Skills Required
• Strong background in market risk projects.
• Good understanding of key market risk concepts (eg. traded products, VaR, stress testing, risk/limit management).
• Expert in project management discipline and techniques.
• Excellent verbal and written communication skills.
• Strong analytical capability with close attention to detail.
• Ability to work with diverse stakeholders including Front Office and Technology at all levels of seniority.
• Bachelors or Master’s Degree in a Finance related discipline.
• PRINCE2 Practitioner would be ideal.
• Market Risk background either in desk coverage, reporting or analysis role.
• Knowledge of traded products within at least one asset class.
• Good understanding of key risk concepts (e.g. traded products, VaR, stress testing, risk/limit management etc.).