Market Risk Vice President - Credit Flow & Index

Job Description - Market Risk Vice President - Credit Flow & Index ()

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

Morgan Stanley is searching for an individual responsible for the independent identification, analysis, reporting and escalation of all market risk exposures arising from EMEA business activities, acting independently of business management and providing an effective challenge process.

The role will reside within Firm Risk Management's Market Risk Department and sits within the Traded Credit Risk which covers both flow and structured products. The successful candidate will be primarily focused on the credit flow part of the business: risk managing EM/DM bond/CDS as well as index and index option market making. There will also be the opportunity to gain exposure to structured products.

What will you be doing?

• As a desk-facing manager, ability to independently challenge traders, trading management and strategists with appropriate escalation of risks identified to senior risk managers. Close collaboration with the credit, finance, valuation control functions.
• Understand and explain relationship between risks and P&L volatility.
• Train and mentor junior members of the team.
• Contribute to the assessment of the suitability and performance of pricing, risk and capital models and work with relevant groups to address material deficiencies.
• Real-time involvement in approval of block transactions. Performing deal analysis, including independently assessing overlooked risks, agreeing hedging strategies with the Front Office, determining approval standards and writing concise decision support briefs.
• Data exploration (through SQL, Python, Excel, VBA) in order to shed light onto new risks. Either existing technical skills or willingness to learn those.
• Involvement in strategic Firm initiatives such as FRTB, ICAAP, stress testing and infrastructure enhancement projects.

Qualifications

What we're looking for:

• Degree, or equivalent, in a quantitative subject, mathematics or statistics.
• 4+ years experience in risk management and/or quantitative field in a sell-side institution required, prior experience with risk managing credit-risky portfolios.
• Strong analytical and problem-solving skills.
• Confidence to take ideas forward and to challenge others, where appropriate, with experience in management by influence, facilitating and gaining consensus.

Skills that will help you in the role:

• Ability to work independently in a self-directed way in a collaborative, team-oriented environment.
• Ability to effectively communicate with a wide range of stakeholders and deliver clear risk presentations to senior management.
• Strong organizational skills with an interest in working in a fast-paced environment, often balancing multiple high priority deliverables.

Where will you be working?

Firm Risk Management (FRM) supports Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, operational, model and other risks.

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.

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.