Division: Risk Management Job Title: EMEA Credit Risk Management Location: London Job Level: Vice President
Company Profile 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. As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our 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, liquidity and franchise. The EMEA Risk Management Division is responsible for the independent identification, analysis, reporting and escalation of all market, credit and operational risk exposures arising from UK Group business activities, acting independently of business management and providing an effective challenge process. Within the EMEA Risk Manage...
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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, liquidity and franchise. The EMEA Risk Management Division is responsible for the independent identification, analysis, reporting and escalation of all market, credit and operational risk exposures arising from UK Group business activities, acting independently of business management and providing an effective challenge process. Within the EMEA Risk Management Division, the recently established EMEA Central Projects Governance team co-ordinates across multiple risk pillars to deliver cross-functional projects. Credit Risk is an inherent part of Morgan Stanley's business and activities. Our ability to properly and effectively identify, assess, monitor and manage credit risk is crucial to our soundness and profitability. The Credit Risk department's specific responsibilities include measuring counterparty exposure, rating the credit worthiness of counterparties, establishing and managing counterparty credit risk limits and making approval decisions on prospective transactions. Our risk management policy is to protect the Company's franchise, reputation and financial standing. The role is within a team responsible for model ownership, key regulatory projects, process enhancements and change management. Primary Responsibilities • Lead and contribute to high profile regulatory projects and initiatives, including Solvent Wind Down, ad-hoc regulatory information requests and remediation plans; • Contribute to the enhancement of the Counterparty Risk Management processes and infrastructure, leading cross-asset projects and model enhancements; • Support credit professionals with ad hoc portfolio analysis and investigations; • Work with Credit Risk Analytics and IT teams to review model implementations, including testing and review of portfolio impact; • In the capacity of a model owner, work with Credit Risk Analytics and Model Risk Management teams to ensure Counterparty Credit Risk models satisfy all internal and external requirements, challenging model developers and leading model approval through key stages of the model governance.
Qualifications Skills Required • Good knowledge of traded products products is essential, including an understanding of Credit Risk metrics and corresponding regulatory capital calculations; • Good knowledge of derivatives modelling, preferably from a quantitative perspective; • Good understanding of the regulatory environment, impact of upcoming regulations and their implications; • The role involves working closely with other areas within the Firm and the candidate must possess strong verbal and written communication skills, be able to develop quality working relationships and drive global projects across multiple stakeholders; • Strong proficiency with SQL and Excel is required. In general, the candidate needs to be comfortable using many tools to obtain and understand risk information; • Previous involvement in credit risk modelling or change management roles is advantageous Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing and advancing individuals based on their skills and talents.
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