Market Risk Manager for Traded Credit - Vice President

Posted on Jan 22, 2019 by Morgan Stanley USA

New York, NY 10001
1 Jan 2019
Annual Salary
Morgan Stanley
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.

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
Background on the Position
The role will reside within the Firm Risk Management's Market Risk Department ("MRD"), a team that is dedicated to providing essential market risk management for the Firm. This specific role is part of the Global Traded Credit Products Market Risk Team, based in New York which has coverage responsibilities for the full spectrum of credit products and associated hedges traded within Morgan Stanley's Institutional Securities Group ("ISG"), including corporate credit, municipal credit, structured credit and securitized products.
Primary Responsibilities
The candidate will contribute primarily through their coverage of traded credit products. In particular, they will be responsible for making risk decisions that align with the Firm's risk appetite and incentivizes appropriate risk-taking behavior. This includes analyzing and approving large or complex trades, designing and setting risk limits and making decisions regarding capacity allocation. The role will require significant interaction with the Front Office and other control groups throughout the Firm.
In addition to executing day-to-day risk management activities, the candidate will be a significant contributor to the department's ongoing investment in its technology infrastructure and analytical tools. Utilizing their business domain knowledge and expertise, the candidate will lead or play a considerable role in infrastructure and technology projects as part of the Firm's Agile software development approach, which is aimed at delivering tooling that enhances risk management practices.
The ideal candidate can demonstrate:
· Risk management skills to monitor and manage the market risks on a variety of traded credit products and trading strategies
· Judgement and influencing skills that are essential to successfully negotiate complex limit and trade approval discussions
· Communication skills necessary to describe the trading desk's risk profile, trading strategy, governance framework and key risk decisions to the Firm's Chief Risk Officer, senior management, regulators and internal control groups
· A hunger and willingness to contribute to improving the department's risk computational and analytical capabilities


Skills Required
· Self-motivated market risk management professional who enjoys learning about financial risks, collaborating within a team and interacting with the Front Office and other stakeholders on a daily basis
· Highly developed oral and written communication skills to prepare and present risk information to a variety of audiences
· Prior experience with fixed income and equity products
· Analytical skills and experience making and communicating data-driven decisions
· Client-focused individual that is dedicated to understanding and delivering stakeholder requirements
Skills Preferred
· Knowledge and experience working with various technology platforms
· Comfortable using a variety of technology tools to analyze market risk (e.g., Excel, SQL and statistical software packages)
· Minimum of 5 years of experience required; 8 years or more of experience is preferred
· Bachelor's degree required; Master's degree or higher is preferred

Market Risk Manager for Traded Credit - Vice President

Reference: 619600315