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Morgan Stanley
,
London, Greater London
Cross Risk Stress Testing - Associate
Overview
Job Description
Cross Risk Stress Testing - Associate Division: Risk Management Job Title: Stress Testing & Portfolio Analysis - Associate Location: London Job Level: Associate 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 Risk Management division is at the core of the firm's activities, and its role is evolving and expanding in line with changing industry standards, regulatory requirements, and commercial pressures. The Risk Management Division comprises a number of Risk coverage and functional Departments, of which the Market Risk Department plays a critical role in delivering independent control and challenge to the business. Morgan Stanley seeks a professional with previous experience in a multi-disciplined risk management function at the Associate level to work in the EMEA Stress Testing & Portfolio Analysis team. The team is part of the Morgan Stanley's independent risk management function. The team is the custodian of the Risk Appetite and Stress Testing Frameworks for the Firm's EMEA Entities', and is responsible for measuring, challenging and controlling the aggregate portfolio risks and assessing whether the risk is within the stated risk appetite and consistent with Business Strategy. Role Description Based in London, this role will assist the MSI Group's and the Firm's EMEA entities' efforts in developing and challenging stress loss and stress RWA models that are used to manage Portfolio risk and which are required by regulatory initiatives such as ICAAP, SREP and Recovery & Resolution Planning. Primary Responsibilities Implement, maintain and document the stress testing methodologies used for ICAAP, Recovery Planning and Solvent Wind Down regulatory initiatives Drive and implement methodology changes and updates to the stress loss and stress RWA models Participate in global projects to enhance and consolidate the overall stress testing frameworks Follow regulatory and macroeconomic updates to keep methodologies up to data Challenge and contribute to the communication and presentation of stress methodology outputs Skills required (essential) Strong academic background, with a degree in a quantitative subject. Strong written and verbal communication skills, ability to distill technical information and present key facts Knowledge of financial markets and products, regulatory initiatives and stress testing Knowledge of statistical methods and concepts Relevant work experience in risk management at a commercial bank, investment bank, or consulting firm Proficient in use of Excel, SQL and Python/R Ability to work efficiently and collaboratively in a multi-location team Ability to build strong working relationships across a number of different areas Highly organized, with close attention to detail Accurate delivery and ability to work to tight deadlines Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing and advancing individuals based on their skills and talents. Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more. Given the continued spread of COVID-19 (coronavirus), all interviews will be conducted by phone or virtual connection to protect our candidates and employees.