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
- 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)
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 $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 th
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).