Background on the Position
The role will reside within the Firm Risk Management's Market Risk Department (MRD) which is a team dedicated to providing independent market risk oversight across the Morgan Stanley's trading and banking activities. The position is for a junior Market Risk Manager working in the XVA Coverage team which oversees firm's CVA (Credit Valuation Adjustment), FVA (Funding Valuation Adjustment) and other related/emerging VAs on the firm's counterparty.
Primary Responsibilities
> Maintain on-going dialogue with trading desks and Front Office support groups regarding positioning, market developments, trading strategies, limit usage, and risk representation of new and/or exotic trades.
> Monitor market risks through the review of portfolio risk sensitivities, Value-at-risk (VaR), stress scenario analysis and limit monitoring.
> Support projects involving your coverage area, such as market risk modelling enhancements, development of stress tests, or regulatory initiatives (e.g. Fundamental Review of the Trading Book).
> Collaborate closely with colleagues from the global Market Risk Department and other support groups, including Model Risk Management Finance & Technology. Experience
> 2 Years + experience in a trading or a market risk department is a plus
> Curiosity and self-motivation to develop expertise in financial products, markets, and risk management practices
> Ability to synthesize complex problems and conceptualize appropriate solutions
> Proactive with the ability to work as both part of a close-knit team and independently
> Strong IT skills are desired to facilitate data analysis, competence MS Excel, VBA, and SQL
> Excellent communication skills for written, graphical and verbal presentation, with high competency in PowerPoint
> Knowledge of market risk concepts like VaR and regulatory activities like CCAR is a plus
> Product expertise in Fixed Income and/or Equity products including derivatives is desired
Expected base pay rates for the role will be between $100,000 and $140,000 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.
