VP, Risk (Credit Risk Trading)

Morgan Stanley; New York (NY); On-site; USD 110,000 - 190,000; Full time

Job summary

An established industry player is seeking a highly motivated Market Risk Manager to join its dynamic team in New York. This role involves collaborating with the Front Office to manage and articulate market risks associated with a diverse range of traded credit products. The ideal candidate will leverage their expertise in risk analysis and decision-making to ensure that trading strategies align with the Firm's risk appetite. With a focus on securitized products and a commitment to excellence, this opportunity offers a chance to make a significant impact in a fast-paced financial environment. If you thrive in a collaborative setting and are passionate about financial risk management, this is the perfect role for you.

Qualifications

• 5+ years of experience in market risk management with strong analytical skills.
• Bachelor's degree required; Master's preferred for advanced roles.

Responsibilities

• Monitor and manage market risks across various traded credit products.
• Make risk decisions aligning with the Firm's risk appetite and governance.

Skills

Market Risk Management

Communication Skills

Risk Analysis

Scenario Analysis

Value-at-Risk (VaR)

Stress Testing

Collaboration

Education

Bachelor's Degree

Master's Degree

Tools

Excel

SQL

Statistical Software

Job description

Firm Risk Management

Firm Risk Management (FRM) supports Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, operational, model and other risks.

Background on the Position

Morgan Stanley is seeking a highly motivated and team-oriented Market Risk Manager to join its Market Risk Department (MRD), based in New York. The traded credit products team has coverage responsibilities for the full spectrum of credit products and associated hedges traded within Morgan Stanley's Institutional Securities Group (ISG), including corporate credit, municipal credit, structured credit and securitized products. The experienced candidate will have the opportunity to contribute across the full range of traded credit products including securitized products such as CMBS, CLOs, Resi and ABS as well as corporate credit and muni products.

Primary Responsibilities

As MRD is charged with directly interacting with the Front Office, the candidate should have the risk management skills to monitor and manage market risks on a variety of products and have the communication skills to articulate risk decisions to the Front Office. The candidate should also be able to articulate the trading desk's risk profile, trading strategy and governance framework to senior management, the Firm's regulators and other internal control groups.

The candidate will be responsible for making risk decisions that align with the Firm's risk appetite and incentivizes appropriate risk-taking behavior. This includes analyzing and approving large or complex trades, designing and setting risk limits and making decisions regarding capacity allocation. As the subject matter expert for the traded credit products business area, the candidate will be responsible for all projects involving securitized products including but not limited to FRTB, VaR development and the creation of a variety of stress tests.

Experience

1. Self-motivated, experienced professional in market risk management who enjoys learning about financial risks, collaborating within a team and interacting with the Front Office on a daily basis.
2. Highly developed oral and written communication skills which can be used to prepare and present risk information to a variety of audiences.
3. Prior experience with Fixed Income products, preferably in traded credit such as securitized products, corporate credit, munis or other complex interest rate sensitive products.
4. Experience using a variety of inputs (scenario analysis, Value-at-Risk, stress testing, risk measures/Greeks, etc) to perform comprehensive risk analysis.
5. Comfortable using a variety of technology tools to analyze market risk, examples of which may include Excel, SQL and statistical software packages.
6. Bachelor's degree required; Master's degree or higher preferred.
7. Minimum of 5 years of experience preferred.

Expected base pay rates for the role will be between $110,000 and $190,000 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's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).