Fixed Income Division - Risk Control Group (RCG) Associate

Posted on Jan 17, 2019 by Morgan Stanley USA

New York, NY 10001
1 Jan 2019
Annual Salary
US Fixed Income Division - Risk Control Group (RCG) Associate

Morgan Stanley's business around the world is supported by groups and teams with a wide variety of specialized skills. They provide information and strategic thinking to the Management Committee; help to ensure the long-term growth and efficient day-to-day functioning of our business; and serve the well-being of our shareholders, clients and employees.

The Fixed Income Division is comprised of Interest Rate and Currency Products, Credit Products and Distribution. Professionals in the Division assess and actively manages risk, trade securities, and structure as well as execute innovative transactions in the fast-paced and constantly changing global markets. The Commodities Division is a market leader in energy, metals, and agricultural product trading worldwide whose professionals trade in both physical and derivative commodity risk.

The Risk Control Group (RCG) provides oversight of regulatory and firm requirements for supervision, entitlements, information security and supplier risk programs by performing in-depth assessments and implementing consistent programmatic coverage globally for Fixed Income, Commodities and Bank Resource Management. The team seeks to ensure front-office compliance with all applicable rules and regulations governing the firm, as well as adherence to internal standards, controls and policies.

RCG members are part of the FID Non-Market Risk Management structure.
The RCG team fulfills an advisory role, escalation and oversight role, project execution, control ownership, RCG is the default owner for many division-wide audit and regulatory issues, and acts as a delegate for supervisors and other business owners.

RCG is looking for an Associate to support the program with a focus on communications surveillance, client documentation review and delegate duties.


Responsibilities will include:

• Performing risk reviews of global communications
• Reviewing trade ideas/commentary and in-depth analyses of market sectors or names
• Reviewing surveillance reports and managing the mappings and assignments of surveillance and other reports across the Division
• Engaging with global RCG team to focus on and deliver increased automation and standardization across applicable surveillance processes
• Engaging with Sales and Trading contacts and other stakeholders to build awareness of Non Market Risk and RCG's continued focus on proactive and effective surveillance and supervision
• Project managing the ongoing KYC refresh project (working with a variety of teams globally in order to create a smooth process)
• Working with Global Financial Crimes and the Sales and Trading desks to identify risks and determine due process.
Key skills and experience requirements:
• Ability to work independently
• Exceptional organizational skills and high degree of attention to detail
• Proven ability to take ideas forward and to challenge others with integrity and maturity
• Background in Compliance, Legal, Risk Management, Technology or Operations
• Knowledge of FID Cash and Derivative products - including (but not limited to): Bonds, Futures, Options, FX and Asset Backed Securities a plus
• Knowledge of securities rules and regulations
• Excellent oral and written communication skills
• An understanding of and strong focus on the mechanics of a control environment, including escalation and risk-related issues
• Proficiency in MS Office and related applications (Word, Excel, PowerPoint, Visio, Project)
• Ability to lead meetings and help drive results throughout the firm
Fixed Income Division - Risk Control Group (RCG) Associate

Reference: 619600304

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