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Morgan Stanley
,
London, Greater London
FID Market Risk Manager - Vice President
Overview
Job Description
Fixed Income Market Risk Manager - Vice President 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 a 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, liquidity and franchise. The EMEA Market Risk Management Division ("MRD") is responsible for the independent identification, analysis, reporting and escalation of all market risk exposures arising from EMEA and UK Group business activities, acting independently of business management and providing an effective challenge process. Position Description The EMEA MRD Fixed Income team is seeking a Vice President to come on board to cover both an Interest Rate trading desk facing risk manager role as well as a leading role in stress testing across Foreign Exchange, Emerging Markets, Interest Rates and Commodities. In addition to demonstrating the required technical skills of a market risk manager, he / she should also demonstrate strong stress testing capabilities and project management skills with a collaborative, delivery-oriented and highly motivated work ethic. Core responsibilities of this role include: Independent oversight & control of selected markets from a regional and legal entity perspective. Contribute to the continuous monitoring of financial markets and measurement of the impact on MS's portfolio, including: analysis of trading strategies, material weaknesses in the control framework, detection of overlooked risks. Overseeing the timely production and analysis of the key Regulator defined stress tests; Contribute to the development of comprehensive stress tests that highlight all key risks. Identifying vulnerabilities and new stress scenarios for the asset class covered. Ensuring that relevant stress tests are being run for the portfolio, providing complete, timely, accurate and insightful analysis to Risk Managers and Senior Management. Assessment of the suitability / performance of pricing, risk and capital models and working with relevant groups to address material deficiencies. Understand P&L drivers and construct any necessary tools to facilitate risk and P&L analysis. Communication of key risks to senior management, including creation of presentations articulating key risks and portfolio changes. Skills Required Knowledge of major regulatory processes and deliverables (e.g. FRTB, CCAR, ICAAP) is essential, and experience in stress testing is strongly recommended. Good knowledge of financial products is also essential, including an understanding of risk representations (including greeks) and a solid understanding of risk management concepts such as VaR, stress testing, scenario analysis, and capital is required. Experience as a market risk manager in Rates is recommended. An excellent academic background or strong analytical background. Additional qualifications, such as an FRM, would also be looked upon favorably. Attention to detail, project management and prioritization skills will also be key in balancing daily deadlines with timely implementation of strategic projects. Proactive and a can-do attitude. Experience in effectively managing small teams. Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential. 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.