EMEA Credit Stress Testing - Associate/VP Division: Risk Management Job Title: EMEA Credit Stress Testing Location: London Job Level: Associate/VP 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 and franchise. Risk Management protects the Firm from exposure to losses resulting from defaults by our lending and trading counterparties. Credit Risk Management (CRM) evaluates credit risk transactions and approves rejects or modifies them considering the availability and appropriateness of arrangements for reducing risk or risk mitigation. The department also a...
Before you apply, we encourage you to learn more about Morgan Stanley
Be unique. Be authentic. However you prefer to say it, we really mean it. Our culture
embraces people’s diverse perspectives and creates a positive environment where everyone
belongs. We’re determined to build a better, more connected world for everyone.
Credit Risk Management (CRM) evaluates credit risk transactions and approves rejects or modifies them considering the availability and appropriateness of arrangements for reducing risk or risk mitigation. The department also assigns Internal Credit Ratings; establishes and manages credit risk limits in accordance with the risk tolerance established by the Board; monitors and reports on credit risk exposures on a regular basis to the Chief Risk Officer and senior management. CRM also interacts with business units to ensure that credit risk assessments are factored into business decisions. Primary Responsibilities The role sits within the EMEA Credit Stress Testing & Portfolio Management Team, whose objective is to develop and maintain best practice credit stress testing capabilities and to assist Credit Risk Officers in analysing the results. Key responsibilities include: • Perform stress test calculations using internal credit risk exposure models for EMEA or UK Group portfolios across asset classes, including o OTC derivatives o Securities Financing Transactions (SFT), including Prime Brokerage o Loan products • Validate stress test results ensuring accuracy by working closely with o Credit Risk Methodology Group (CRMG) on understanding and challenging existing methodologies for the calculation of different risk metrics o Credit Middle Office and Credit IT to identify and resolve data quality issues • Close coordination with Credit Risk Officers and EMEA Portfolio Risk Team for in-depth quantitative and qualitative analysis of the stress test results • Preparation of materials and presentation of credit stress testing results at risk committees
Qualifications Skills required (essential) • University degree in Quantitative Finance or another quantitative discipline, plus proven experience in Credit or Market Risk Management, Trading, Financial Modelling or related risk functions • Strong analytical skills and familiarity with Counterparty Exposure management, including industry standard models used (e.g potential exposure, expected loss) • Ability to work independently in a self-directed way to thrive in a collaborative, team oriented environment • Detail-oriented with strong organizational skills, such as ability to prioritize, multi task and meet deadlines in fast paced environment • Strong communications skills, both verbal and written, including ability to summarize key messages • Good working knowledge on SQL. 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.
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.