Associate, Risk/Policy Management

About the role

Morgan Stanley Services Group, Inc. is seeking an Associate, Risk/Policy Management in New York, NY to monitor market risks for Equity Investments, including the use of metrics such as Greeks, limits, and scenario analysis tools daily. The role involves performing deep dives into the Firm's portfolio across Public and Private Credit/Equity funds to ensure the Firm's inventory of key risks is up-to-date and accurate. The Associate will create and maintain a limit framework coherent with the business risk profile and projected growth, and design presentations articulating key risks and portfolio changes to senior management in a timely fashion. Telecommuting permitted up to two (2) days per week.

Responsibilities

• Monitor market risks for Equity Investments using metrics such as Greeks, limits, and scenario analysis tools daily.
• Perform deep dives into the Firm's portfolio across Public and Private Credit/Equity funds to ensure the Firm's inventory of key risks is up-to-date and accurate.
• Create and maintain a limit framework coherent with the business risk profile and projected growth.
• Create presentations articulating key risks and portfolio changes to senior management in a timely fashion.
• Work on data enhancement and infrastructure projects to improve reporting capabilities and achieve more effective risk management and improved limit framework.
• Design and implement a broad range of financial stress testing scenarios for regulatory, firm-wide, and ad-hoc scenarios.
• Contribute to Capital requirement calculation, including Value at Risk and FRTB Framework.
• Prepare the annual CCAR scenario shocks, including effective challenge of risk descriptions, materiality assessments, scenario capture, and stress drivers.
• Liaise with team members and Risk Managers to complete Regulatory Stress Testing documentation.
• Analyze market risk stress testing results for internal committees and external regulators, with focus on Comprehensive Capital Analysis and Review (CCAR) submission.
• Stay abreast of market trends, emerging risks, and macro-economic themes.
• Enhance the Firm’s stress testing frameworks to ensure best-in-class capabilities.

Requirements

• Requires a Master’s in Finance, Economics, or a closely related field of study.
• Requires two (2) years of experience in the position offered or two (2) years as an Analyst, Associate, Consultant, Risk Management, or a closely related occupation.
• Requires two (2) years of experience in each of the following skills:
  • Manage market risk for Public and Private investment Funds;
  • Design market risk limit framework;
  • Maintain and update portfolio risk inventory;
  • Monitor portfolio hedges and calculate the basis on the investments;
  • Improve data infrastructure to enhance market risk reporting and enrich data capabilities in line with Product Owner in the Agile construct;
  • Design stress testing scenarios coherent with scenario narrative and portfolio vulnerabilities;
  • Analyze stress testing results;
  • Monitor and analyze daily Value at Risk;
  • Develop PowerBI reports, and program using SQL and VBA.

Pay

Expected base pay rates for the role will be between $133,000 and $140,000 per year at the commencement of employment. 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.