Associate, Risk / Policy Management

Morgan Stanley; New York (NY); Hybrid; USD 133,000 - 140,000; Full time

Job summary

Morgan Stanley is seeking an Associate in Risk/Policy Management in New York to manage market risk for trading desks and collaborate across traders, risk managers and control teams. You will perform stress testing, CCAR submissions, and engage with senior management on risk matters.

Telecommuting is permitted up to 2 days per week. The role requires a Bachelor’s degree with at least four years of related experience, and the ability to develop risk dashboards using Power BI and SQL/Python.

Qualifications

• Bachelor’s degree in Financial Economics, Finance, or a related field.
• Four years of experience in the position offered or as an Associate, Analyst, or related occupation.
• Experience with market risk management across diverse asset classes and investment structures.
• Design and implement risk limit frameworks aligned with regulatory standards and business objectives.
• Monitor and analyse quantitative risk metrics such as VaR and stress testing for hedged positions.
• Develop interactive dashboards using Power BI for risk visualization and reporting, and program using SQL and Python.

Responsibilities

• Manage market risk for trading desks with direct engagement across traders, trading management, and strategists.
• Escalate identified risks to senior risk managers in a timely manner.
• Collaborate with credit, finance, and valuation control teams; participate in new product approval processes.
• Perform stress testing scenario analysis for weekly production and CCAR submissions; sign off risk submissions to regulators and senior management.

Skills

Market risk management

Risk limit frameworks

VaR & stress testing

Power BI dashboards

SQL

Python

Education

Bachelor's degree in Financial Economics or Finance

Tools

SQL

Python

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.

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. 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, New York to manage market risk for trading desks with direct engagement across traders, trading management, and strategists, ensuring timely escalation of identified risks to senior risk managers. Collaborate with credit, finance, and valuation control teams, as well as real-time involvement in approving complex and large transactions. Facilitate independent challenge of trading decisions, understand P&L drivers, build tools for risk and P&L analysis, participate in new product approval processes, and continuously review limit and reporting frameworks to ensure alignment with evolving business strategies and market conditions. Perform stress testing scenario analysis for weekly production and annual CCAR submission, signing off risk submissions to regulators and senior management, and communicating key risks and portfolio changes through presentations. Telecommuting permitted up to 2 days per week.

What You’ll Bring To The Role

• Requires a Bachelor’s degree in Financial Economics, Finance, or a related field of study.
• Requires four (4) years of experience in the position offered or four (4) years as an Associate, Analyst, or related occupation.
• Requires four (4) years of experience with the following skills:
• Market risk management, including risk identification, measurement, and mitigation across diverse asset classes and investment structures;
• Design and implement risk limit frameworks that align with regulatory standards and business objectives;
• Monitor and analyse quantitative risk metrics such as Value at Risk (VaR), sensitivity analysis, and basis calculations for hedged positions;
• Design of stress testing methodologies, including scenario design, narrative coherence, and interpretation of results to assess portfolio vulnerabilities;
• Manage portfolio risk inventory, including monitoring exposures, hedges, and ensuring accurate risk representation;
• Evaluate and enhance pricing, risk, and capital models, addressing deficiencies and ensuring model suitability for complex products; and
• Develop interactive dashboards using Power BI for risk visualization and reporting, and program using SQL and Python.

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 $133,000 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.