Credit Risk (Risk Management) : Job Level - Vice President
Apply NowCompany: Morgan Stanley
Location: New York, NY 10025
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 department. The team is dedicated to covering the businesses within WM (Wealth Management) at a portfolio level, including analyzing the portfolio risk with each business, conducting stress loss analysis (centered around the Firm's CCAR submissions), and collaborating with other areas within Risk and the Business to manage and analyze the pipeline.
Primary Responsibilities
The role will focus on the credit risk management for WM Lending products with a focus on Securities-Based Lending, Traded Products, Tailored Lending, Residential Mortgages activity within the Firm including running stress testing models, analyzing stress testing results, and reporting to management.
- Lead and perform stress testing model runs and analyze results for regulatory stress tests (CCAR) as well as for ongoing business-as-usual stress loss estimates
- Collaborate with risk analytics and technology groups on model implementation and testing
- Create and deliver presentations to management audiences to aid in analysis and understanding of stress loss results
- Lead development and enhancement projects working with technology/perform UAT testing on projects to streamline and enhance existing stress testing models, data tables, and analysis tools
- Perform ad-hoc stress loss runs for business units related to pipeline deals - Bachelor's degree required with 7 years' work experience
- Previous analytics and/ or credit risk management experience (preferred)
- Experience with margin lending and/or derivatives (e.g. listed equity options, futures and FX forwards) a plus
- Strong Excel skills including data lookups (e.g. Vlookup), transformations (e.g. pivot tables) and logic-based formulas
- Competent working with SQL for data extraction and analysis a plus
- Basic to intermediate level working knowledge of programming languages such as Python a plus
- Excellent verbal and written communication, with ability to communicate effectively with senior management and regulators
- Process management and prioritization skills with ability to multi-task in a dynamic environment
- Strong relationship building and stakeholder management skills
- Self-motivated and proactive attitude, with relentless attention to detail
- Strong problem solving and implementation skills
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.
Expected base pay rates for the role will be between $120,000 and $200,000 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).
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 department. The team is dedicated to covering the businesses within WM (Wealth Management) at a portfolio level, including analyzing the portfolio risk with each business, conducting stress loss analysis (centered around the Firm's CCAR submissions), and collaborating with other areas within Risk and the Business to manage and analyze the pipeline.
Primary Responsibilities
The role will focus on the credit risk management for WM Lending products with a focus on Securities-Based Lending, Traded Products, Tailored Lending, Residential Mortgages activity within the Firm including running stress testing models, analyzing stress testing results, and reporting to management.
- Lead and perform stress testing model runs and analyze results for regulatory stress tests (CCAR) as well as for ongoing business-as-usual stress loss estimates
- Collaborate with risk analytics and technology groups on model implementation and testing
- Create and deliver presentations to management audiences to aid in analysis and understanding of stress loss results
- Lead development and enhancement projects working with technology/perform UAT testing on projects to streamline and enhance existing stress testing models, data tables, and analysis tools
- Perform ad-hoc stress loss runs for business units related to pipeline deals - Bachelor's degree required with 7 years' work experience
- Previous analytics and/ or credit risk management experience (preferred)
- Experience with margin lending and/or derivatives (e.g. listed equity options, futures and FX forwards) a plus
- Strong Excel skills including data lookups (e.g. Vlookup), transformations (e.g. pivot tables) and logic-based formulas
- Competent working with SQL for data extraction and analysis a plus
- Basic to intermediate level working knowledge of programming languages such as Python a plus
- Excellent verbal and written communication, with ability to communicate effectively with senior management and regulators
- Process management and prioritization skills with ability to multi-task in a dynamic environment
- Strong relationship building and stakeholder management skills
- Self-motivated and proactive attitude, with relentless attention to detail
- Strong problem solving and implementation skills
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.
Expected base pay rates for the role will be between $120,000 and $200,000 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).