Associate or Vice President - Risk Capital Analysis (Counterparty Credit) Associate or Vice President - Risk Capital  …

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 or Vice President - Risk Capital Analysis (Counterparty Credit)
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
Department Profile
The cornerstone of Morgan Stanley's risk management philosophy is the execution of risk-adjusted returns through prudent risk-taking that protects Morgan Stanley's capital base and franchise. Risk Management protects the firm from exposure to losses resulting from defaults by our lending and trading counterparties.

Position Summary
Morgan Stanley is seeking an Associate or Vice President for the Risk Capital group, based in New York. Risk Capital, which is part of the Risk Management Department, is responsible for the model-based regulatory required capital analysis. This successful candidate for this role will calculate the counterparty credit risk capital requirements for new transactions, review regulatory requirements, implement new processes and contribute to a wide variety of projects and initiates within the larger group.

  • Identify and analyze counterparty credit risk for derivatives, cleared transactions, repurchase agreements, securities lending agreements and margin loans
  • Deliver insightful analysis and management information to support review and assurance of the counterparty credit risk regulatory capital position and provide clear, concise and precise responses to information requests from senior management and regulatory authorities
  • Contribute to efficiencies and enhancements to deliver best-in-class counterparty credit risk regulatory reporting outcomes, including weekly, monthly and quarterly reporting (FFIEC 101), while maintaining robust process and control. This would include design, development and implementation of tactical tools and strategic system changes
  • Foster good relationships with stakeholders in the Business Units, Treasury, Finance, Risk Analytics and Credit
  • Perform, and participate in, regulatory and capital analysis of new products and proposals initiated by the business units and the Firm and provide recommendations to the business units and Risk senior management for these new products and proposals
  • Develop Basel compliant capital methodologies, keeping abreast of recent regulatory capital rules and business developments


Skills required:
  • Two years of experience in related roles in a similarly complex sales and trading institution
  • Experience with the current and evolving Basel Counterparty Credit Risk capital calculations, process and governance expectations
  • Quantitative/analytical background (e.g. finance, accounting, mathematics, STEM, law, economics, etc.)
  • Strong written communication, verbal communication and interpersonal skills, with demonstrated experience with cross-functional engagement and dealing with all levels of management from diverse academic and cultural backgrounds
  • Understanding of Credit Risk fundamentals including traded products, contractual agreements, collateral management, risk data and metrics, risk and capital models/methodologies, and risk systems
  • Capability, experience and comfort in reviewing, interpreting and assessing the implications of complex regulation
  • Excellent organizational skills to meet challenging objectives and manage competing priorities
  • Excellent Excel and PowerPoint skills
  • Experience in writing SQL programs
Skills Desired
  • Familiarity with current and evolving US Broker Dealer, Swap Dealer and Securities-Based Swap Dealer regulations
  • Databases and programming experience in VBA and Python
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