Risk Management, Market Risk Manager - Credit Flow & Index, Analyst / Associate

Morgan Stanley; London; On-site; GBP 60,000 - 90,000; Full time

Job summary

Morgan Stanley is seeking a Market Risk Manager in London, focusing on credit flow within the Market Risk Department. The role involves risk managing EM bonds and engaging with various stakeholders, while also participating in strategic initiatives enhancing the firm's risk management processes. Ideal candidates possess a degree in a quantitative field and experience in risk management. Strong analytical and technical skills, including proficiency in SQL and Python, are crucial for success.

Benefits

Flexible working arrangements

Comprehensive employee benefits

Qualifications

• 2+ years of experience in risk management and/or quantitative fields.
• Proficiency or willingness to learn programming languages like SQL or Python.
• Experience in a sell-side institution preferred.

Responsibilities

• Engage with traders and escalate identified risks to senior risk managers.
• Conduct real-time approval of large transactions and deal analysis.
• Contribute to strategic firm initiatives and assess performance of risk models.

Skills

Analytical skills

Problem-solving skills

Attention to detail

Organizational skills

Education

Degree in quantitative subject (e.g., mathematics, statistics)

Tools

SQL

Python

Microsoft Office

Job description

Risk Management, Market Risk Manager - Credit Flow & Index, Analyst / Associate
London
JR014007

The role will reside within Firm Risk Management's Market Risk Department. The Market Risk Management Division (MRD) is 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 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 bonds & CDS as well as index and index option market making. There will also be the opportunity to gain exposure to other parts of the credit business.

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.

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 is 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?
• As a desk-facing manager, engage with 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 relationships between risks and pnl volatility.
• 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 large transactions. Performing deal analysis, including independently assessing emerging risks and agreeing hedging strategies with the Front Office.
• Conduct data analysis through SQL, Python and Excel.
• Involvement in strategic Firm initiatives such as FRTB, ICAAP, stress testing and infrastructure enhancement projects.

What we're looking for:
• Degree, or equivalent, in a quantitative subject (such as mathematics or statistics).
• 2+ years experience in risk management and / or quantitative field in a sell-side institution, with exposure to credit markets (preferred).
• Either existing technical skills or willingness to learn programming language such as SQL or Python.
• Analytical and problem-solving skills.
• Strong attention to detail and ability to provide information in usable formats (proficiency in Microsoft office, including Excel, PowerPoint and Word).
• Strong organizational skills with an interest in working in a fast-paced environment, often balancing multiple high priority deliverables.

Skills that will help you in the role:
• Confidence to take ideas forward and to challenge others.
• 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.

Where will you be working?
This role is based in 20 Bank Street, London.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they 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. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work.

Certified Persons Regulatory Requirements:
If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.

Flexible work statement
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.

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.