Associate, Risk / Policy Mgmt

Company Profile:

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment, and wealth management services. The Firm's employees serve clients worldwide, including corporations, governments, and individuals from more than 1,200 offices in 43 countries.

In the Firm Risk Management division, we advise businesses across the Firm on risk mitigation strategies, develop tools to analyze and monitor risks and lead key regulatory initiatives.

What you’ll do in the role:

Morgan Stanley Services Group Inc. is seeking an Associate, Risk / Policy Mgmt in New York, New York to implement financial models, identify model enhancement opportunities, identify portfolio and client risk trends based on market condition, and communicate findings through reports and presentations. Support and direct the CCAR process for Wealth Management Traded Products, including scenario design, scenario expansion, quality assurance, portfolio analysis, and governance requirements for business in the United States. Handle projects and provide critical support to strategic initiatives, aligning IT, risk analytics, model risk management, and other teams to streamline data migration, harmonize processes, and implement a unified risk framework across SBL and Wealth Management Traded Products. Cover portfolio including OTC and listed derivatives (Equity, FX, IR, Commodities), and Securities-based lending products. Enhance key processes and tools by automating weekly counterparty reports and incorporating asset-class-level drivers (trade and netting set levels) for enhanced transparency. Develop governance and documentation materials, including loss drivers, top contributors, model and portfolio changes. Engage in cross-functional partnerships, addressing concerns from enterprise management, coverage officers, risk analytics, model risk management, and internal audit. Leverage Credit Risk Management tools to perform complex analysis to highlight portfolio sensitivities and vulnerabilities to inform scenario design. Identify drivers of stress testing results and prepare materials for senior management communication. Telecommuting permitted up to 2 days per week.

What you’ll bring to the role:

• Requires a Master’s degree in Political Science, Economics, or a related field of study.

• Requires two (2) years of experience in the position offered or two (2) years as an Analyst, Associate, Account Manager, or a closely related occupation.

• Requires two (2) years of experience with the following skills:

• Counterparty Exposure Metrics and Credit Exposure Methodology;

• Corporate and Tailored Lending;

• Fixed Income Products including Treasuries and Municipal Bonds;

• Data querying using SQL;

• Report automation using VBA Macros;

• Excel including formulas, pivoting, data modeling and visualization;

• Variance analysis;

• PD (Probability of Default), LGD (Loss Given Default), and EAD (Exposure at Default); and

• Portfolio concentration analysis.

• Requires one (1) year of experience with the following skills:

• Comprehensive Capital Analysis and Review (CCAR);

• Scenario Design and Portfolio Risk Identification;

• Securities Financing Transactions including Repos, Reverse Repos, and Secured-Based Lending;

• OTC (Over-the-Counter) and Listed Derivatives including Equity, FX (Foreign Exchange), Interest Rates, and Commodities;

• Automation and analytics using Python;

• Sensitivity Analysis including Equities and Interest Rates;

• Limit-setting framework; and

• Macro scenario shock translation.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 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 $127,000 and $140,000 per year at the commencement of employment.