Market Risk - Portfolio, Projects & Change Management Associate

Morgan Stanley is seeking an Associate to support the Market Risk Department (MRD) team in Frankfurt meeting its projects and regulatory deliverables.
The successful candidate will join the global MRD Governance and Controls team and will work on several change and cross-asset regulatory initiatives with a focus on regulatory compliance and governance covering EMEA.

About Morgan Stanley

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking securities investment management and wealth management services.

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. We 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.

What will you be doing

• Daily monitoring of capital measures such as VaR stressed VaR and IRC as well as monthly / weekly SBM measures.
• Contribution to the Risk Identification process and regular reviews of portfolio level limit utilisation (VaR group level limits Banking Book exposures Climate Risk).
• Coordination of the monthly Market Risk committees (minutes material preparation) as well as risk material production for other risk committees (governance model stress-testing).
• Involvement in strategic market risk projects such as FRTB EBA Benchmarking EBA Stress Testing.
• Ensure ongoing regulatory compliance including participation in regulatory self-assessments review of new requirements and preparation of disclosures and submissions (e.g. Benchmarking ICAAP and Pillar 3).
• Contributions to the implementation and maintenance of the market risk framework (including policies and procedures Operational Risk Tools & Model) ensuring alignment with industry best practices regulatory standards and firm objectives.

What were looking for:

• Bachelor degree or equivalent in a quantitative subject such as mathematics or statistics
• 3-5 years market risk experience and understanding of key market risk concepts processes and models (e.g. traded products VaR stress testing risk/limit management)
• Good knowledge of the regulatory environment around market risk capital modelling in Europe (e.g. CRR EGIM BCBS 239 FRTB)
• Strong analytical and problem-solving skills
• Fluency in both English and German languages is required

Skills that will help you in the role:

• Confidence to take ideas forward and to challenge others where appropriate with experience in management by influence facilitating and gaining consensus
• Ability to work independently in a self-directed way in a collaborative team-oriented environment.
• Ability to effectively communicate with a wide range of stakeholders and deliver clear risk presentations to senior management.
• Strong organizational skills with an interest in working in a fast-paced environment often balancing multiple high priority deliverables.

Where will you be working

The role will reside within Firm Risk Managements Market Risk Department. The Market Risk Management Division (MRD) is responsible for the independent identification analysis reporting and escalation of all market risk exposures arising from EMEA business activities acting independently of business management and providing an effective challenge process.

Flexible work statement:

Interested in flexible working opportunities Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.

Internal Applicants:

Internal mobility can be a way to grow your career and realize your professional potential. Typically you must be in your position for at least 18months and performing satisfactorilybeforeapplying for another job at the Firm. Internal applicants can find out more regarding career navigation mobility guidelines and policy on our employee portal by clicking here.

Equal opportunities statement:

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds talents perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting developing and advancing individuals based on their skills and talents.

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 - arent just beliefs they guide the decisions we make every day to do whats best for our clients communities and more than 80000 employees in 1200 offices across 42 countries. At Morgan Stanley youll 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. Theres also ample opportunity to move about the business for those who show passion and grit in their work.

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Certified Persons Regulatory Requirements:
If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.

Flexible work statement
Interested in flexible working opportunities Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds talents perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting developing and advancing individuals based on their skills and talents.