eTrading Market Risk Manager - Vice President

Job Description

Job Number:

Posting Date Primary Location

Europe, Middle East, Africa-United Kingdom-United Kingdom-London

Education Level: Bachelor's Degree

Job

Market Risk

Employment Type: Full Time

Job Level: Vice President

Description

London

Morgan Stanley is seeking a Risk professional with experience in a multi-disciplined risk management function focused on the risks arising from the Firm's electronic/algorithmic trading operations. The role will cover all risk aspects associated with electronic trading across asset classes. As a member of our Global eTrading team, the role holder will interact closely with the equivalent teams in Paris, Mumbai, Asia, and New York.

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 are 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?

• Provide independent oversight and control of electronic trading equity market risks including (but not limited to) regular assessment and identification of concentrations and top risks.
• Oversight of controls ensuring consistency between trading books risk exposure and the firm's risk appetite. In this context, contribute to regular reviews of intraday limit framework and limit utilizations.
• Continuously review limit and reporting framework to ensure appropriateness in light of new trades, businesses, products risk factors, and market conditions and opportunities.
• Regular involvement in complex & large deal analysis, including assessing material weaknesses or overlooked risks, agreeing hedging strategies with the Front Office, determining approval standards, and writing concise decision support briefs. Ultimately providing formal approval/veto to the desk or approval/veto recommendation to senior management.
• Represent FRM eTrading at various governance committees and monitor/review effectiveness and applicability of controls for e-Trading in the legal entity, whilst assisting in the development of new controls where appropriate.
• Analysis and review of e-Trading algorithms, including controls and testing methods, as part of 2nd Line of Defense oversight of algorithmic validation, including work with the Model Risk Management department.
• Oversight of controls to ensure the business is taking risks that are consistent with the Firm's strategy. In this context, contribute to regular reviews of intraday limit framework and limit utilizations.
• Oversee relevant operational risk for eTrading for the 2nd Line of Defense.
• Closely work with the Operational Risk team on designing electronic trading scenarios and adapting these scenarios to a fast-evolving environment.
• Interact with the local regulator on eTrading risk management regulatory topics and contribute to implementing regulatory requirements.

What we're looking for:

• Excellent academic background, including an advanced degree in a quantitative discipline, such as Economics, Finance, Sciences, or Engineering.
• Additional qualifications, such as an FRM or CFA certification (preferred).
• Experience in a role with direct exposure to electronic trading (Risk Management, Technology, Operational Risk, etc.). Experience in algorithm development, including market making vs agency trading market micro-structure, and market data.
• Experience in market risk monitoring (limits monitoring and review, risk appetite definition).
• Strong knowledge of financial products (preferably equity Derivatives and Options), including an understanding of risk representations (Greek sensitivities, VaR) and a solid understanding of risk management concepts as well as market dynamics.
• Good understanding of regulatory requirements for electronic trading, particularly those emanating from European regulatory authorities (e.g., MiFID II).

Skills that will help you in the role:

• Confidence to take ideas forward and to challenge others, where appropriate, with experience in influencing, facilitating, and gaining consensus.
• The ability to work independently in a self-directed way in a collaborative, team-oriented environment.
• An interest in working in a fast-paced environment, often balancing multiple high-priority deliverables.
• The ability to effectively communicate with a wide range of stakeholders, both written and verbally.

Where will you be working?

The EMEA Risk Management Division is responsible for the independent identification, analysis, reporting, and escalation of risks including market, credit, and operational risk, arising from the Firms business activities, acting independently of business management and providing an effective challenge process.

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 18 months and performing satisfactorily before applying for another job at the Firm. Internal applicants can find out more regarding career navigation, mobility guidelines, and policy on our employee portal.

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.