Associate, Risk Policy Management

Company Profile:

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking securities investment and wealth management services. The Firms employees serve clients worldwide including corporations governments and individuals from more than 1200 offices in 43 countries.

Firm Risk Management: In the Firm Risk Management division we advise businesses across the Firm on risk mitigation strategies develop tools to analyze and monitor risks and lead key regulatory initiatives.

What youll do in the role:

Morgan Stanley Services Group Inc. is seeking an Associate Risk / Policy Management in New York NY to perform Collateral Analysis for Wealth Management Ultra High and High Net Worth Securities Based Lending business of both Domestic (US) and International (non-US) clients. Ensure timely review and challenge of transactions annual reviews ad hoc/interim underwriting requests. Monitor aggregated credit metrics at business legal entity and product level. Perform portfolio level analytics and business as usual stress testing. Execute analyses to support strategic business initiatives. Collaborate with Credit Risk Coverage and modeling teams to develop and enhance stress testing methodologies and modeling approaches. Produce documentation and presentations to communicate information to stakeholders. Partner with stakeholders on projects to improve process and data flows and automating stress testing. Participate in ad-hoc projects audits regulatory exams procedures policy and model reviews. Monitor capital markets geopolitical events domestic and world news etc. to identify potential macro/micro issues impacting repayment risk. Telecommuting permitted up to 2 days per week.

What youll bring to the role:

-Requires a Masters in Finance Financial Risk Management or a related field of study.

-Requires two (2) years of experience in the position offered or two (2) years as an Associate Analyst or a related occupation.

-Requires two (2) years of experience with the following skills:

• Internal Model Methodology expertise and Stress Testing experience of Derivatives and Security Financing Transactions (SFTs) including methodologies for calculating Potential Exposure Effective Expected Positive Exposure (EEPE) and Current Exposure (CE) driven by regulatory requirements under Basel and CRR/CRR2 guidelines;
• evaluating counterparty credit risk for Securities Based Lending OTC listed derivatives SFTs (repo-reverse repo stock lending/borrowing) and Prime Brokerage;
• Internal Capital Adequacy Process including review and challenge of credit risk model performance and effectiveness under changing market conditions;
• assessing liquidity of various transactions subject to recovery and resolution planning by the FED;
• testing transaction liquidity under adverse market conditions;
• determining SFTs haircuts based on collateral liquidity and volatility as per Basel requirements;
• global regulatory credit risk frameworks including Basel IMM SA-CCR and BCBS279 the PRA Rulebook and CRR as well as U.S. regulatory standards under Fed CRF 217;
• Stress Testing and Stress Scenario Analysis utilizing Basel Stress testing principles and Fed CCAR / DFAST (Dodd-Frank Act stress test) methodologies;
• SQL and Excel for data extraction validation and automation of credit risk metrics analysis and reporting;
• Risk Project Management including designing requirement gathering UAT testing and implementation of data quality risk reporting and regulatory initiatives; and
• Senior stakeholder reporting and presentations as part of Senior management committee meetings and regulatory requirements.

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 thats differentiated and weve 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 - 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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Expected base pay rates for the role will be between $139750 and $140000 per 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.

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.

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