Job Description

Primary responsibility is the management of counterparty risk across Prime Brokerage, listed derivatives, and OTC (cleared and bilateral) portfolios within the Institutional Equities Division. The role focuses on assessing client exposures, identifying key risk drivers, and setting and monitoring appropriate margin, collateral, and risk limits to safeguard the firm. Close coordination with Credit Risk Management, Sales & Trading, and other internal stakeholders is essential to ensure a consistent and robust risk framework.

The role also involves conducting portfolio analysis, stress testing, and scenario assessments to evaluate potential shortfall risks under changing market conditions. The candidate will engage directly with clients on margin and risk-related matters, support the client onboarding and pitching process with tailored margin solutions, and contribute to ongoing enhancements in risk methodologies, infrastructure, and analytics in a dynamic market environment.

Function / Roles and Responsibilities

• Analyze Prime Brokerage, listed derivatives, OTC cleared, and bilateral OTC portfolios to identify key risk drivers and implement appropriate house margin and collateral frameworks
• Set, review, and actively monitor client-level exposure limits, including intraday and end-of-day risk across prime brokerage and clearing relationships
• Perform stress testing and scenario analysis to assess portfolio vulnerabilities under extreme but plausible market conditions
• Partner closely with Credit Risk Management (2nd Line) to evaluate potential shortfall risk where margin may be insufficient to cover stressed losses
• Engage directly with clients on risk exposures, margin requirements, and collateral optimization, maintaining transparent and constructive dialogue
• Collaborate with Sales during client onboarding and pitching processes, providing tailored margin methodologies and risk-based proposals
• Build and maintain strong relationships with client stakeholders including COOs, Heads of Risk, Finance, and Trading teams
• Monitor market developments and proactively assess their impact on client portfolios and risk profiles
• Contribute to strategic risk initiatives, including enhancements to risk infrastructure, analytics, and margin methodologies

Job Requirements

• Bachelor’s or advanced degree in a quantitative discipline such as Mathematics, Engineering, Finance, or a related field
• 3–5 years of relevant experience in counterparty risk, market risk, or quantitative risk within an investment bank or financial institution
• Strong understanding of equities, fixed income, FX products, and associated derivatives (including options and swaps)
• Solid quantitative and analytical skills, with the ability to interpret complex portfolio risks and translate them into actionable insights
• Excellent communication and stakeholder management skills, with experience interacting with front office and clients
• Ability to operate effectively in a fast-paced trading environment and make sound decisions under pressure
• Strong awareness of market dynamics and the ability to assess their impact on risk exposures
• Commodities risk experience and/or coding skills (e.g., Python, SQL) are advantageous
• Professional certifications such as CFA or FRM preferred but not essential

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 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.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.