Market Risk Middle Office Associate

Job description

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.

Background on the Team
Risk is an inherent part of Morgan Stanley's business and activities. Our ability to properly and effectively identify, assess, monitor and manage each of the various types of risk is crucial to our soundness and profitability. The principal risks involved in the Company's business activities are: market, credit, operational, legal, reputational, liquidity and funding. Our risk management policy is to protect the Company's franchise, reputation and financial standing.

Background on the Position
Morgan Stanley seeks a strong candidate based in New York to work in the NY Market Risk Middle Office team.

The individual will report to the NY Head of Market Risk Middle Office and cover a diverse range of responsibilities related to the management of risk infrastructure across a number of asset classes. The role will entail significant effort on initiatives related to regulatory priorities (including CCAR), stress testing improvements, setup of routine data submissions, and assisting in the engineering of robust business processes

To be successful, candidates will need relevant experience, a strong desire to learn, and the ability to work on a multidisciplinary team. In addition, the candidate should be able to demonstrate strong skills in financial products, data analysis and technical/IT skills.

Primary Responsibilities
-Facilitation and co-ordination of monthly / weekly CCAR Market Risk stress loss process
-Continuing development of Infrastructure to support Firm wide Market Risk Stress Testing
-Participating in weekly stress testing data quality reviews
-Ensuring Market Risk's compliance with BCBS239 (RDA) by tracking timeliness, accuracy, and completeness of risk data
-Recognizing and executing on opportunities to increase automation business process
-Coordinating with technology groups on the development of risk systems and data standards
-Interaction with a deployed team of risk professionals.

Desired profile

Skills required (essential)
-Understanding of fundamental risk management concepts
-Strong communication skills
-Strong proficiency with technology, particularly databases and SQL
-Academic achievement in a relevant discipline
-Experience in a risk, finance or technology-related function
-Highly organized, with close attention to detail