Risk Analytics (Risk Management) : Job Level - Vice President
Division: Firm Risk Management
Role: Risk Analytics
Level: Vice President
Location: London
JR025499
Firm Risk Management
Firm Risk Management (FRM) supports 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.
Background on the Position
The role will reside within Firm Risk Management's Risk Analytics Department, specifically the Counterparty Exposure Methodology Group (CEMG). The CEMG is responsible for the development of the Internal Model Method (IMM) credit risk models used for counterparty exposure and credit capital calculations. This role will be within the EMEA CEMG team, reporting to the EMEA Head of CEMG based in London, focused on IMM credit risk models and working closely with the Global CEMG function in the US, Budapest and Mumbai. The EMEA CEMG focuses on ensuring that regional / legal entity requirements, standards and practices are met across all Counterparty Credit risk activities for which CEMG is responsible.
Primary Responsibilities
> Develop, enhance and maintain Counterparty Credit Risk (CCR) methodology
> Work closely with EMEA Head of CEMG to manage and/or lead internal and regulatory initiatives in EMEA
> Collaborate with other teams within FRM to provide regular ongoing model performance assessments, hypothetical risk analysis and override monitoring. Review analysis results with senior management and provide recommendations
> Work in an advisory capacity with local/global risk managers and Front Office stakeholders to ensure risk is appropriately captured
> Develop analytical tools to support other teams within Firm Risk Management
> Write high-quality model documentation that satisfies the firm's internal model approval functions, audit requirements, and the Firm's regulators (e.g., PRA, JST, FRB, OCC, SEC, etc.)
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> Manage, guide and train more junior members of the team
FRM is committed to creating and providing opportunities that enable our workforce to reflect diverse backgrounds and views.
Experience
> MSc or equivalent in a quantitative subject (such as quantitative finance, statistics/mathematics, sciences or engineering)
> 5 years work experience in a quantitative research group at a commercial bank, investment bank, or consulting firm
> Deep understanding of quantitative risk, including good knowledge of financial products and their risk representation
> Quantitative skills especially in the areas of Monte Carlo simulation, derivatives pricing, hypothesis testing and regression
> Comfortable handling large datasets using database and query tools. Programming skills in Python and SQL (preferred)
> The ability to effectively communicate with a wide range of stakeholders, both written and verbally.
> Strong organizational skills with an interest in working in a fast-paced environment, often balancing multiple high priority deliverables.
> Strong attention to detail and ability to provide information in usable formats (proficiency in Microsoft office, including Excel, PowerPoint and Word)
WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work.
To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.
Certified Persons Regulatory Requirements:
If t his role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.
Flexible work statement
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.
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize 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.
Perks and Benefits
Health and Wellness
- Health Insurance
- Dental Insurance
- Vision Insurance
- Life Insurance
- Short-Term Disability
- Long-Term Disability
- Fitness Subsidies
- On-Site Gym
- Pet Insurance
- Mental Health Benefits
- FSA
- Virtual Fitness Classes
- HSA
Parental Benefits
- Fertility Benefits
- Adoption Assistance Program
- Family Support Resources
- Return-to-Work Program
- Birth Parent or Maternity Leave
- Non-Birth Parent or Paternity Leave
- Adoption Leave
Work Flexibility
- Hybrid Work Opportunities
Office Life and Perks
- Commuter Benefits Program
- Company Outings
- On-Site Cafeteria
- Holiday Events
Vacation and Time Off
- Paid Vacation
- Paid Holidays
- Leave of Absence
- Volunteer Time Off
- Personal/Sick Days
Financial and Retirement
- 401(K) With Company Matching
- Stock Purchase Program
- Performance Bonus
- Relocation Assistance
- Financial Counseling
Professional Development
- Tuition Reimbursement
- Promote From Within
- Mentor Program
- Access to Online Courses
- Lunch and Learns
- Work Visa Sponsorship
- Leadership Training Program
- Associate or Rotational Training Program
- Internship Program
Diversity and Inclusion
- Diversity, Equity, and Inclusion Program
- Employee Resource Groups (ERG)