Multi-Asset & Alternatives Risk Associate

Morgan Stanley; New York (NY); On-site; USD 110,000 - 120,000; Full time

Job summary

Morgan Stanley is seeking an Associate in New York within the Global Risk & Analysis Group to analyze multi-asset and alternatives risk across markets and funds. You will deliver research and reporting to Portfolio Management Teams, regulators, and internal groups.

You will measure risks, perform macro and stress analyses, validate derivatives data in Aladdin, and collaborate with IT to enhance data and processes, using Bloomberg, Barra, and other risk tools daily.

Qualifications

• Undergraduate degree in business, finance or related quantitative field.
• 2–4 years in asset management with multi-asset and alternatives experience preferred.
• CFA or graduate degree is a plus.
• Strong Excel, PowerPoint and Word skills.
• Experience with SQL, Python or R is a plus.
• Familiarity with market data and risk tools (Aladdin, Bloomberg, Barra).
• Excellent verbal and written communication; self-starter and team player.

Responsibilities

• Analyze MSIM's multi-asset funds and related markets for risk.
• Measure and communicate risks to PMs, management, and clients/regulators.
• Research macro scenarios and historical stress for portfolios.
• Lead quality checks of derivatives data and ex-ante risk data in Aladdin.
• Use Aladdin, Bloomberg and Barra tools daily for risk analysis.
• Collaborate with other risk teams to improve MSIM's risk platform.
• Calculate ESG risk metrics and conduct climate scenario analyses.

Skills

SQL

Python

R

Verbal and written communication

Multi-asset risk knowledge

Education

Bachelor's degree in finance or related quantitative field

CFA or graduate degree

Tools

Excel

PowerPoint

Word

Aladdin

Bloomberg

Barra Portfolio Manager

BarraOne

SunGard APT

Job description

Morgan Stanley Investment Management (“MSIM”), together with its investment advisory affiliates, operates in 26 countries with $1.9 Tn in assets under management or supervision as of March 31, 2026. MSIM strives to provide outstanding long‑term investment performance, service and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide.

WE OFFER

• The Global Risk & Analysis Group (GRA) team offers the opportunity to identify, assess, manage and monitor risk across MSIM, and provide research/analysis and reporting for clients, regulators, Portfolio Management Teams, Firm Management, and other internal teams.
• This member of GRA will be based in New York and responsible for analysis, research and delivery of certain Multi‑Asset & Alternatives risk‑focused projects. In addition, the Associate will perform data analysis, aggregation and reporting.

YOU WILL

• Work as a key member of the Multi‑Asset & Alternatives Risk team to conduct research and analysis of MSIM’s actively managed multi‑asset funds and the overall global equity, fixed income, commodities, FX, derivatives and hedge fund markets.
• Measure, identify, and communicate risks of actively managed multi‑asset funds to various parties, such as Portfolio Management Teams, Firm Management, clients, regulators, and other internal teams.
• Research, construct, apply, and interpret macroeconomic and historical stress scenarios as they relate to actively managed multi‑asset funds.
• Lead regular quality control checks of derivatives securities and ex‑ante risk data in Aladdin.
• Use market, risk, and performance tools such as Aladdin, FIS APT, Barra Portfolio Manager, and Bloomberg on a daily basis.
• Work closely with other investment risk management teams (equity, fixed income, liquidity, cross‑investment) to expand and optimize MSIM’s risk management platform.
• Calculate ESG risk metrics including portfolio carbon emissions and climate scenario analysis and conduct screenings for ESG controversy flags and business involvements.
• Collaborate with I.T. Team to build and improve data and processes which are critical to the Multi‑Asset & Alternatives Risk Team.

QUALIFICATIONS

• An undergraduate degree in business, finance, mathematics or another related quantitative field.
• Ideally 2 to 4 years of experience; previous experience in the asset management industry working with multi‑asset and alternatives strategies is strongly preferred.
• CFA or graduate degree is a plus.
• Experience using Microsoft Excel, PowerPoint and Word.
• Experience using SQL, Python or R is a plus.
• Familiarity with market data and risk tools (i.e. Aladdin, SunGard APT, Barra Portfolio Manager, BarraOne, Bloomberg).
• Outstanding verbal and written communication skills.
• Highly motivated and enthusiastic self‑starter.
• Team‑player mentality, with the ability to work independently when necessary.
• Ability to handle multiple assignments at once and meet associated deadlines.

Expected base pay rates for the role will be between $110,000 and $120,000 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, 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.

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