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Vice President – Market Risk
Morgan Stanley
New York, NY, United States
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Description
Vice President – Market Risk (FRTB Program Management)
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.
The talent and passion of our people is critical to our continued success as a firm. Together, we share four core values rooted in integrity, excellence and strong team ethic:
1. Putting Clients First
2. Doing the Right Thing
3. Leading with Exceptional Ideas
4. Giving Back
Morgan Stanley is committed to helping its employees build meaningful careers and we strive to be a place for people to learn, achieve and grow.
Firm Risk Management
Firm Risk Management (FRM) enables Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, operational, model and other risks.
Our mission is to serve as the follow roles:
• Independent agent to set consistent principles and disciplines for risk management
• Strategic advisor to Firm management for setting risk appetite and allocating capital
• Industry leader to influence and meet regulatory standards
You will collaborate with colleagues across FRM and the Firm to protect the Firm’s capital base and franchise, advise businesses and clients on risk mitigating strategies, develop tools and methodologies to analyze and monitor risk, contribute to key regulatory initiatives and report on risk exposures and metrics to enable informed and strategic decision-making. Through thoughtful analysis and clear communication we are best able to bring our ideas to the table and improve the Firm.
Firm Risk Management values diversity and is committed to providing a supportive and inclusive workplace for all employees.
Firm Risk Management’s unique franchise promotes:
ü Flat, flexible and integrated global organization
ü Collaboration and teamwork
ü Credible, independent decision-making
ü Organizational influence
ü Creative and practical solutions
ü Meritocratic and diverse culture
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
Risk Management
The Risk Management Division is responsible for the independent identification, analysis, reporting and escalation of all market, credit and operational risk exposures arising from business activities, acting independently of business management and providing an effective challenge process.
Morgan Stanley’s Market Risk Department provides independent oversight of the Firm’s business activities, material market and idiosyncratic stresses; identifying, measuring, monitoring, advising, challenging and controlling market risks generated by the Firm’s market-making and banking activities
Position Description
Morgan Stanley seeks a Vice President level candidate to join the Firm Risk Department to provide coverage for a suite of regulatory deliverables with a focus on Fundamental Review of Trading Book (FRTB) Program.
Based in New York, this individual will report to an Executive Director in Enterprise Risk Management. The role involves working with a variety of business units and control groups across the organization on the execution of FRTB Program and providing both execution and analytical support.
Primary job responsibilities include:
• Support FRTB program management in identifying and implementing solutions for various work streams within FRTB program, such as risk factor analysis, P&L attribution, trading / banking book boundary
• Help identifying dependencies and risks within FRTB framework and communicate them to Program teams
• Support and enhance relationships with teams across Risk, Finance, Operations, and Technology to ensure delivery of cross-divisional projects
• Monitor FRTB Program plan, ensuring it is up-to-date and work with internal partners to ensure timely progression and achievement of milestones
• Produce documentation and presentations, including Steering Committee materials to effectively communicate key FRTB information to senior management and regulators
• Participate in ISDA FRTB working groups and collect the Firm’s feedback for the industry communication with regulators
Qualifications
Skills Required
• Project management experience
• Market risk management background, strong analytical skills; experience with Value-at-Risk analysis is a plus
• Experience working on cross-functional projects
• Master’s degree in economics or finance (or an equivalent) and a solid academic background; FRM certificate is a plus
• Strong interpersonal and communication skills, written and verbal
• Attention to detail and ability to prioritize projects and workload
• Self-motivator and team player who brings a “can-do” approach
• High degree of technical proficiency with Microsoft Office, knowledge in PowerPoint, Excel, SharePoint, Visio
• 6-8 years of professional experience in financial services