Associate, Risk / Policy Management

Morgan Stanley; New York (NY); Hybrid; USD 140,000 - 141,000; Full time

Job summary

Morgan Stanley in New York seeks an Associate in Risk/Policy Management to perform collateral analysis for Wealth Management lending, covering US and international clients. You’ll review transactions, annual reviews, and underwriting requests, and monitor credit metrics across entities and products.

You’ll collaborate with Credit Risk Coverage and modeling teams to enhance stress testing methods, produce documentation for stakeholders, and support audits and regulatory exams.

Qualifications

• Master's degree in Finance, Financial Risk Management, or a related field.
• Two years of relevant experience in risk management or policy roles.
• Experience with internal model methodology and stress testing under Basel/CRR guidelines.
• Experience evaluating counterparty credit risk for SFTs, derivatives, and securities financing.
• Knowledge of capital adequacy processes and liquidity risk assessment under regulatory frameworks.
• Experience with data extraction, validation, and automated reporting using SQL/Excel.

Responsibilities

• Perform collateral analysis for wealth management lending and related products.
• Review and challenge transactions, annual reviews, and underwriting requests.
• Conduct portfolio-level analytics and stress testing; communicate results to stakeholders.
• Collaborate with risk coverage and modeling teams to improve stress testing methodologies.

Skills

Internal Model Methodology

Stress Testing

Counterparty risk analysis

Regulatory frameworks Basel/CRR2

Securities Based Lending experience

Liquidity risk assessment

Credit risk analytics

SQL

Excel

Stakeholder reporting

Education

Master's in Finance, Financial Risk Management, or related field

Tools

SQL

Excel

Job description

Company Profile

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment, and wealth management services. The Firm's employees serve clients worldwide, including corporations, governments, and individuals from more than 1,200 offices in 43 countries.

Firm Risk Management

In the Firm Risk Management division, we advise businesses across the Firm on risk mitigation strategies, develop tools to analyze and monitor risks and lead key regulatory initiatives.

What You’ll Do In The Role

Morgan Stanley Services Group Inc. is seeking an Associate, Risk / Policy Management in New York, NY to perform Collateral Analysis for Wealth Management Ultra High and High Net Worth Securities Based Lending business of both Domestic (US) and International (non-US) clients. Ensure timely review and challenge of transactions, annual reviews, ad hoc/interim underwriting requests. Monitor aggregated credit metrics at business, legal entity, and product level. Perform portfolio level analytics, and business as usual stress testing. Execute analyses to support strategic business initiatives. Collaborate with Credit Risk Coverage and modeling teams to develop and enhance stress testing methodologies and modeling approaches. Produce documentation and presentations to communicate information to stakeholders. Partner with stakeholders on projects to improve process and data flows and automating stress testing. Participate in ad-hoc projects, audits, regulatory exams, procedures, policy, and model reviews. Monitor capital markets, geopolitical events, domestic and world news, etc. to identify potential macro/micro issues impacting repayment risk. Telecommuting permitted up to 2 days per week.

What You’ll Bring To The Role

• Requires a Master’s in Finance, Financial Risk Management, or a related field of study.
• Requires two (2) years of experience in the position offered or two (2) years as an Associate, Analyst, or a related occupation.
• Requires two (2) years of experience with the following skills:
• Internal Model Methodology expertise and Stress Testing experience of Derivatives and Security Financing Transactions (SFTs) including methodologies for calculating Potential Exposure, Effective Expected Positive Exposure (EEPE) and Current Exposure (CE) driven by regulatory requirements under Basel and CRR/CRR2 guidelines;
• evaluating counterparty credit risk for Securities Based Lending, OTC, listed derivatives, SFTs (repo-reverse repo, stock lending/borrowing), and Prime Brokerage;
• Internal Capital Adequacy Process including review and challenge of credit risk model performance and effectiveness under changing market conditions;
• assessing liquidity of various transactions subject to recovery and resolution planning by the FED;
• testing transaction liquidity under adverse market conditions;
• determining SFTs haircuts based on collateral liquidity and volatility as per Basel requirements;
• global regulatory credit risk frameworks, including Basel IMM, SA-CCR, and BCBS279, the PRA Rulebook and CRR, as well as U.S. regulatory standards under Fed CRF 217;
• Stress Testing and Stress Scenario Analysis utilizing Basel Stress testing principles and Fed CCAR / DFAST (Dodd-Frank Act stress test) methodologies;
• SQL and Excel for data extraction, validation, and automation of credit risk metrics analysis and reporting;
• Risk Project Management including designing, requirement gathering, UAT testing and implementation of data quality, risk reporting and regulatory initiatives; and
• Senior stakeholder reporting and presentations as part of Senior management committee meetings and regulatory requirements.

What You Can Expect From Morgan Stanley

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 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.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.

Expected base pay rates for the role will be between $139,750 and $140,000 per year at the commencement of employment. However, 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.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.