Associate - Interest Rate Risk Manager (Market Risk - Asset Liability Management)) Associate - Interest Rate Risk Manager (Market  …

Morgan Stanley
in New York, NY
Permanent, Full time
Be the first to apply
Morgan Stanley
in New York, NY
Permanent, Full time
Be the first to apply
Associate - Interest Rate Risk Manager (Market Risk - Asset Liability Management))
Morgan Stanley

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management 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.

The talent and passion of our people is critical to our continued success as a firm. Together, we share five core values rooted in integrity, excellence and strong team ethic:
1. Putting Clients First
2. Doing the Right Thing
3. Leading with Exceptional Ideas
4. Giving Back
5. Committing to Diversity and Inclusion

Morgan Stanley is committed to helping its employees build meaningful careers and we strive to be a place for people to learn, achieve and grow.

Firm Risk Management

Firm Risk Management (FRM) enables 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.

Our mission is to serve as the follow roles:
• Independent agent to set consistent principles and disciplines for risk management
• Strategic advisor to Firm management for setting risk appetite and allocating capital
• Industry leader to influence and meet regulatory standards

You will collaborate with colleagues across FRM and the Firm to protect the Firm's capital base and franchise, advise businesses and clients on risk mitigating strategies, develop tools and methodologies to analyze and monitor risk, contribute to key regulatory initiatives and report on risk exposures and metrics to enable informed and strategic decision-making. Through thoughtful analysis and clear communication we are best able to bring our ideas to the table and improve the Firm.

Firm Risk Management values diversity and is committed to providing a supportive and inclusive workplace for all employees.

Firm Risk Management's unique franchise promotes:
• Flat, flexible and integrated global organization
• Collaboration and teamwork
• Credible, independent decision-making
• Organizational influence
• Creative and practical solutions
• Meritocratic and diverse culture

Background on the Position
Morgan Stanley seeks a professional at the Associate level with previous experience working in a risk department or corporate treasury function at a large banking institution to work within the Market Risk Department, based in New York. The candidate will join the coverage team for asset liability management risk, which is primarily responsible for identifying, assessing, and monitoring interest rate risks related to banking book activities as well as establishing limits to express the Firm's appetite for interest rate risk relative to its capital and earnings profile. The position will have exposure to the firm's senior risk management teams as well as the Chief Investment Officer (CIO) and Corporate Treasurer.

Primary Responsibilities
• Identifying, assessing and monitoring interest rate risks metrics related to banking book business activities, such as Net Interest Income (NII) and Economic Value of Equity (EVE)

• Analyzing risk of banking book portfolios including debt issuances, deposit funding, and investment securities

• Collaborating with CIO, treasury, risk management colleagues, and other groups regarding business strategies, risk representation, and limit setting

• Innovating ways to identify key and emerging risks and implement processes to actively monitor these risks

• Communicating results of analyses with relevant stakeholders

• Preparing and presenting briefings to senior management, Boards, and Regulators on key risk issues on a regular basis

• Liaising with Treasury, business personnel and risk managers to ensure the appropriateness of the representation of interest rate risk


Skills Required
• Strong understanding of interest rate risk and financial products

• Ability to synthesize complex problems and conceptualize appropriate solutions

• Proactive with t he ability to work as both part of a close-knit team and independently

• Strong IT skills are required to facilitate data analysis; competence MS Excel, VBA and SQL is required

• Excellent communication skills for written, graphical and verbal presentation, with high competency in PowerPoint

• Previous experience working in a treasury or a risk department is advantageous

• Excellent academic background, preferably with a degree in business, finance or a quantitative discipline

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