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
The role will reside within the Firm Risk Management's Credit Risk Management (CRM) department on the Credit Risk Data Control (CRDC) team.
CRDC plays a pivotal role in supporting CRM in credit risk analysis and limits monitoring. The team is also responsible for credit data management, credit policy/procedure implementation, portfolio and single name monitoring (credit limits monitoring/reporting/escalation), Regulatory reporting, and process change management.
CRDC is currently seeking an Associate level candidate to join the team based in New York. The candidate must have strong business knowledge, technical skills, process management skills, and must be able to develop strong working relationships as he/she will work closely with several other areas (such as IT and Business Units).
Primary Responsibilities
- Supporting credit professionals in the monitoring of Morgan Stanley's credit exposure against the Firm's pre-defined policy limits
- Enhancing and implementing data quality control processes
- Assisting the team in meeting Regulatory Reporting requirements such as BIS and CCAR
- Maintaining an active dialogue and acting as a liaison between Credit Department, IT, Operations and Business Units in resolving identified data quality issues
- Assisting and supervising the team in its day to day Run The Bank tasks
- Representing the team in projects that require Credit Data Control team participation
- Assisting in the design, development, and implementation of new system solutions - Undergraduate degree
- Familiarity with fixed income and equity derivatives, and other traded securities
- Self-motivator and team player with strong interpersonal skills
Requirements
- Superior written and verbal communication skills
- Ability to manage dynamic priorities with attention to detail
- Ability to meet deadlines and deliver quality work in a fast-paced environment
- Strong analytical and problem-solving skills
- Strong proficiency with Microsoft Office, including Excel, PowerPoint, and Outlook
- Strong proficiency with SQL and/or VBA
- 4-5+ years of experience in risk management or finance involving data analysis and process management with good knowledge of Credit products.
- Experience in system development and project management
- Good working knowledge of databases
- Experience with Regulatory Reporting (CCAR, Stress testing, Regulatory Capital, BIS)
Job Posting Pay Range
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.
