Market Risk

Job Profile

Morgan Stanley is seeking a highly motivated and team-oriented individual to join its Equity team within the Market Risk Department (MRD), based in New York. MRD's Equity team has coverage responsibilities for the full spectrum of products traded within Morgan Stanley's Institutional Equities Division (IED), including vanilla and exotic equity options, variance swaps, convertible bonds, cash equities, swaps etc. The candidate may also have the opportunity to contribute to the US Legal Entity oversight of IED market risks.
In this role the candidate will
- Maintain on-going dialogue with trading desks and Front Office support groups regarding positioning, market developments, trading strategies, limit usage, and risk representation of new trades or products
- Monitor market risks through the review of portfolio risk sensitivities, Value-at-risk (VaR), stress scenario analysis and limit monitoring
- Articulate the trading desk's risk profile, trading strategy and governance framework to senior management, the Firm's regulators, and other internal control groups
- Perform risk analysis to incentivize appropriate risk-taking behavior aligned to the Firm's risk appetite, such as analyzing and approving large or complex trades as well as setting or designing risk limits
- Drive projects for your coverage area, such as market risk modelling enhancements, development of stress tests, or regulatory initiatives
- Collaborate closely with colleagues from the global Market Risk Department and other support groups, including Finance and Technology Qualifications

In order to succeed in this role, you will ideally have
- An interest in working in a fast-paced environment, often balancing multiple high priority deliverables
- Prior experience with Equity products, preferably including equity derivatives
- The ability to effectively and thoughtfully communicate with a wide range of stakeholders
- Hands-on market risk experience, including use of various tools such as stress scenario analysis, Value-at-Risk (VaR), and market risk measures
Preference for individuals with:
- Educational background in finance, economics, engineering, mathematics, or science
- 5 years of work experience in the financial services industry (particularly risk management, finance, sales and trading or banking)
- Hands-on experience analyzing large data sets using tools such as Excel, SQL, and Python

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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 $120,000 and $205,000 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).