Electronic Trading Risk Management Associate

PowerToFly; New York (NY); On-site; USD 100,000 - 140,000; Full time

Benefits offered by this job

Comprehensive employee benefits

Opportunity for internal mobility

Job summary

Morgan Stanley is seeking a Risk Manager to oversee electronic trading risk across various asset classes in New York. The role involves analyzing eTrading algorithms, collaborating with stakeholders, and ensuring compliance with risk management strategies.

The ideal candidate will have a strong quantitative background, critical thinking skills, and proficiency in Excel and PowerPoint. Morgan Stanley offers a competitive salary between $100,000 and $140,000, alongside a comprehensive benefits package.

Qualifications

• Excellent academic background in a quantitative discipline.
• Experience in risk management or trading systems.
• Ability to think critically and communicate effectively.

Responsibilities

• Manage electronic trading risk across asset classes.
• Analyze eTrading algorithms and monitor risks.
• Collaborate with stakeholders and communicate risks to senior management.

Skills

Critical thinking

Communication skills

Excel proficiency

PowerPoint proficiency

Knowledge of financial markets

Teamwork

Education

Degree in a quantitative discipline (Economics, Finance, Sciences, Engineering)

Tools

VBA

SQL

Job description

The position will reside within FRM's Electronic Trading Risk team in NY. The role will cover electronic trading across all asset classes including cash, derivatives, equity and fixed income products facilitated by our ISG, US Banks, WM and IM businesses. The eTrading team within FRM oversees potential risks that electronic trading introduces, primarily across the Market and Operational Risk spectrum. The ideal candidate should have the ability and desire to learn about financial markets, have strong common sense, and be able to think critically. The risk manager will work closely with senior risk managers and connect with other groups within the Firm.
Responsibilities
> Overall risk management and governance of Morgan Stanley's Electronic Trading business across equities and fixed income
> Assist in the continued expansion of FRM eTrading's coverage of electronic trading coverage to Morgan Stanley's non-ISG businesses (US Banks, WM, IM)
> Perform analysis and behavioral review of eTrading algorithms, including controls and testing methods
> Oversee eTrading limits and controls, including intraday monitoring and escalation, to ensure the business is taking risk consistent with the Firm's strategy.
> Monitor and review Operational Risk Events and self-identified issues relating to or impacting eTrading
> Collaborate across a diverse set of stakeholders including Sales and Trading Business Units, Quantitative Strategists, Business Unit Risk Management, Compliance, Technology and Operations.
> Communicate key risks to senior management
> Contribute and support global and regional Risk governance committees, forums, and working groups > Suitable candidates will have an excellent academic background including a degree in a quantitative discipline, such as economics, finance, sciences or engineering.
> Experience in a role with direct exposure to electronic trading (Risk Management, Technology, Operational Risk) or experience in trading systems, FIX messaging, market-microstructure or market data
> Experience with trading infrastructure for Wealth Management or Investment Management Firms advantageous
> Knowledge of financial markets and equity product
> Experience with creating and managing KRIs/KPIs with escalation through proper governance
> Strong ability to think critically and desire to learn.
> Proactive with the ability to work as part of a close-knit team as well as independently.
> Excellent communication skills for written, graphical, and verbal presentation.
> An interest in working in a fast-paced environment, often balancing multiple deliverables at one time
> Strong proficiency with PowerPoint and Excel is required; VBA or other programming skills as well as a working knowledge of databases and SQL is advantageous.

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 $100,000 and $140,000 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.