Electronic Trading Risk Management Associate

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

Benefits offered by this job

Comprehensive employee benefits

Opportunities for career advancement

Job summary

Morgan Stanley is looking for a Risk Manager for its Electronic Trading Risk team in New York. This role involves managing risk across electronic trading for various asset classes. Ideal candidates will possess a quantitative degree and experience with electronic trading or trading systems. Responsibilities include monitoring risks, overseeing eTrading governance, and collaborating with multiple business units. The position offers a competitive salary between $100,000 and $140,000 per year, along with extensive employee benefits and opportunities for growth.

Qualifications

• Excellent academic background including quantitative degree.
• Experience with electronic trading in Risk Management or Technology.
• Strong proficiency with PowerPoint and Excel is required.
• Experience with trading infrastructure for Wealth Management is advantageous.

Responsibilities

• Manage overall risk governance of electronic trading.
• Perform analysis of eTrading algorithms and controls.
• Oversee eTrading limits and controls with intraday monitoring.
• Collaborate across diverse stakeholders.

Skills

Critical thinking

Communication skills

Proactive teamwork

Financial market knowledge

PowerPoint proficiency

Excel proficiency

Knowledge of databases and SQL

Education

Degree in a quantitative discipline (economics, finance, sciences, or engineering)

Tools

VBA programming skills

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 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

Qualifications

• 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.

Compensation

Expected base pay rates for the role will be between $100,000 and $140,000 per year at the commencement of employment. Base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Benefits

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. 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, copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.

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.