Market Risk Manager

• Firm Risk Management

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.

About the Role

Morgan Stanley is seeking a highly motivated and team-oriented Market Risk Manager to join its Market Risk Department (MRD), based in New York. The traded credit products team has coverage responsibilities for the full spectrum of credit products and associated hedges traded within Morgan Stanley's Institutional Securities Group (ISG), including corporate credit, municipal credit, structured credit and securitized products. The experienced candidate will have the opportunity to contribute across the full range of traded credit products including securitized products such as CMBS, CLOs, Resi and ABS as well as corporate credit and muni products.

Primary Responsibilities

• Monitor and manage market risks on a variety of products and communicate risk decisions to the Front Office
• Articulate the trading desk's risk profile, trading strategy and governance framework to senior management, the Firm's regulators and other internal control groups
• Make risk decisions that align with the Firm's risk appetite and incentivize appropriate risk-taking behavior
• Analyze and approve large or complex trades
• Design and set risk limits and make decisions regarding capacity allocation
• Serve as subject matter expert for the traded credit products business area
• Lead all projects involving securitized products including but not limited to FRTB, VaR development and the creation of a variety of stress tests

Experience and Qualifications

• Self-motivated, experienced professional in market risk management who enjoys learning about financial risks, collaborating within a team and interacting with the Front Office on a daily basis
• Highly developed oral and written communication skills which can be used to prepare and present risk information to a variety of audiences
• Prior experience with Fixed Income products, preferably in traded credit such as securitized products, corporate credit, munis or other complex interest rate sensitive products
• Experience using a variety of inputs (scenario analysis, Value-at-Risk, stress testing, risk measures/Greeks, etc) to perform comprehensive risk analysis
• Comfortable using a variety of technology tools to analyze market risk, examples of which may include Excel, SQL and statistical software packages
• Bachelor's degree required; Master's degree or higher preferred
• Minimum of 5 years of experience preferred

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.

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.

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.

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).