Market Risk Regulatory & Governance

• Vice President

About 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 MRD Governance & Controls team is a specialized group within the Market Risk Department (MRD), itself part of Firm Risk Management (FRM). This team provides governance and oversight for all market risk arising from the firm's business activities. Their core mission is to ensure that market risk is managed in accordance with regulatory requirements, internal policies, and best practices.

The successful candidate will work to support regulatory compliance and execute effective governance and control processes.

Primary Responsibilities

• Manage governance and oversight for regulatory and internal audit matters involving market risk, including ongoing reporting, exams or reviews, ad-hoc interactions, as well as issue remediation.
• Manage governance, oversight, and implementation of key risk management frameworks, and their associated policies & procedures
• Collaborate with 1st Line of Defense to identify areas of improvement in the Firm's control framework
• Serve as a central point of contact for market risk stakeholders and provide advice on governance matters
• Effective communication of key regulatory, audit, and governance risks to senior management

Experience & Qualifications

• Bachelor's degree or equivalent required
• 5+ years' experience in financial services, preferably in risk management
• Understanding of bank and swap dealer regulation related to risk management and risk capital
• Familiarity with market risk management concepts, including scenario analysis, Value at Risk (VaR), stress testing, risk measures/greeks, and related risk management frameworks.
• Strong communication skills and able to message appropriately to a variety of stakeholders at different levels of seniority
• The ability to collaborate with a broad range of colleagues across departments and senior management
• Attention to detail, project management, and prioritization skills will also be key in balancing daily deadlines with timely implementation of strategic projects

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 visit https://www.morganstanley.com/about-us/global-offices

Compensation

Expected base pay rates for the role will be between $120,000 and $205,000 year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Commitment to Diversity & Equal Opportunity

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

FRM is committed to creating and providing opportunities that enable our workforce to reflect diverse backgrounds and views.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).