Prime Brokerage Risk, Associate

About the role

The Institutional Securities Group (ISG) Derivative Prime Brokerage Risk team is responsible for monitoring and managing the market risk of multi-asset portfolios in listed markets, OTC cleared derivatives, FX Prime Brokerage, and Prime Brokerage on both an intraday and overnight risk basis. The team works closely with Trading, Sales, Credit, and IT teams to ensure market risks are fully understood and managed.

Responsibilities

• Perform risk analysis of global multi-asset portfolios to assess market and liquidity risks, focusing on equities, rates, commodities, FX, and credit.
• Manage risk identification of model and portfolio assumptions, market inputs, pricing issues, and drive understanding of the design of respective risk measurement methodologies including VaR, stress testing, scenario analysis, liquidity analysis, etc.
• Collaborate with the Trading, Sales, Credit, and IT teams to ensure market risks are fully understood, captured, and approaches challenged where necessary.
• Work with market experts to develop a view of market conditions, ensuring deep understanding on inherent risk and be able to explain in a simple way both to internal decision makers and interested external parties, such as regulators, if required.
• Explain margin methodologies and different risk management approaches to existing and prospective clients.
• Engage with CCPs to understand drivers of exchange margins, and where necessary, advocate for improvements.

Requirements

• 7+ years of experience in the financial services industry, with Listed Derivatives and/or Prime Brokerage knowledge required.
• Strong quantitative and analytical skills required.
• Advanced degree in economics, finance, mathematics, statistics, or related field preferred.
• FRM and/or CFA charter holder (or in the process obtaining) a plus.
• Understanding of the regulatory requirements applicable to the futures markets, and a broad knowledge of the trading, operational, and risk management practices within an FCM and/or broker-dealer.

Qualifications

• Detail oriented and able to challenge business requests with an independent mindset and expert advice.
• Able to provide clear and articulate guidance to internal stakeholders on policy and regulatory requirements, interacting with individuals at all levels within an organization.
• Strong interpersonal, verbal, and written communication skills with a high level of intellectual curiosity.
• Knowledge of CCPs structures and their respective margin methodologies a plus.
• Strong Excel and/or Python skills a plus.

Benefits

Morgan Stanley offers a competitive compensation package, including a range of base pay rates between $150,000 and $200,000 per year at the commencement of employment. Additional compensation may include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and various benefit programs.

Pay

Base pay rates for the role will be determined on an individualized basis and are 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.

Schedule

The role is full-time and located in the New York office.