Associate, Risk / Policy Management

About 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. Telecommuting permitted up to 2 days per week.

Responsibilities

• 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.

Requirements

• Master’s in Finance, Financial Risk Management, or a related field of study.
• Two (2) years of experience in the position offered or two (2) years as an Associate, Analyst, or a related occupation.
• 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.
  • Senior stakeholder reporting and presentations as part of Senior management committee meetings and regulatory requirements.

About 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 that’s differentiated – and we’ve 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 - 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.

We offer some of the most attractive and comprehensive employee benefits and perks in the industry, supporting our employees and their families at every point along their work-life journey. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

Pay

Expected base pay rates for the role will be between $139,750 and $140,000 per year at the commencement of employment. Base pay is only part of the total compensation package, which may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.