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Morgan Stanley
,
London, Greater London
EMEA Credit Risk Management: Analyst / Associate
Overview
Job Description
EMEA Credit Risk Management: Analyst / Associate Division: Risk Management Title: Credit Risk Operations Location: London Job Level: Analyst / 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 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 and franchise. Risk Management protects the Firm from exposure to losses resulting from defaults by our lending and trading counterparties. Credit Risk Management (CRM) evaluates credit risk transactions and approves, rejects or modifies them considering the availability and appropriateness of arrangements for reducing risk or risk mitigation. The department also assigns Internal Credit Ratings; establishes and manages credit risk limits in accordance with the risk tolerance established by the Board; monitors and reports on credit risk exposures on a regular basis to the Chief Risk Officer and senior management. CRM also interacts with business units to ensure that credit risk assessments are factored into business decisions. Primary Responsibilities: The role will support various processes within the Credit Risk Department. Responsibilities are likely to include at least parts of the following: Analyse counterparty exposure to identify modelling or data quality issues Perform stress test calculations using internal credit risk exposure models across OTC derivative, Listed derivative, Securities Financing Transactions (SFT) and Prime Brokerage positions Close coordination with Credit Risk Officers and EMEA Portfolio Risk Team for in-depth quantitative and qualitative analysis of counterparty exposure and stress testing results Support with the interpretation of regulatory requirements, and subsequent definition and delivery of enhancements to the Credit Risk framework Coordination with Technology teams to resolve data quality issues and implement new functionalitySkills required (essential) Experience in Risk Management at leading financial institutions Knowledge of derivative products is essential, as is an understanding of Credit Risk metrics Strong proficiency with SQL and Excel is required. In general, the candidate needs to be comfortable using many tools to obtain and understand risk information. Knowledge of Python would be beneficial. Strong communications skills, verbal and written and ability to build relationships internally and externally Ability to work independently in a self-directed way 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.