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 Fixed Income Division (FID) is comprised of Interest Rate, Currency Products, Credit Products, Commodities and Distribution. Professionals in the Division assess and actively manage risk, trade securities, and structure as well as execute innovative transactions in the fast-paced and constantly changing global markets.
Business Unit Risk Management ("BURM") is a 1st line team within FID which covers a number of risk areas, including Non-Market Risk (Operational Risk), Franchise Risk and Conduct Risk. The Operational Risk Management team within BURM acts as the 1st Line of Defence and are responsible for all aspects of Fixed Income and Commodi...
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Business Unit Risk Management ("BURM") is a 1st line team within FID which covers a number of risk areas, including Non-Market Risk (Operational Risk), Franchise Risk and Conduct Risk. The Operational Risk Management team within BURM acts as the 1st Line of Defence and are responsible for all aspects of Fixed Income and Commodities Non Market Risk in EMEA, including the operational risk control framework. In addition the team is responsible for implementing new controls and processes resulting from new regulation or new business initiatives/products, as well as the maintenance and execution of existing controls. In particular the role focuses on Client Risk Management, controlling client activity and working across, Sales and Trading, Compliance, Legal and Operations to resolve risk issues.
Primary Responsibilities Reporting to the FID EMEA Client Risk Manager, the candidate would be expected to undertake a wide range of duties, often having to manage multiple tasks with frequent changes to priorities. However the primary responsibility will be related to client/counterparty risk, assisting with the onboarding of new clients, refreshing KYC/AML information and general support to monitoring of client risk metrics.
Providing risk oversight for all key risk indicators for FID
Providing risk guidance and approval for all client related sales and trading issues
Acting as escalation point for sales and trading activities and complete trade lifecycle
Design and implementation of control solutions, which includes enabling business development in a risk-controlled manner
Providing risk oversight for all regulatory and market infrastructure changes that impact FID
Review suitability potential of new clients FID client opportunities as part of the Client Selection Committee
Interface with the Global Financial Crimes, Operations onboading and other global BURM divisions, in support of the annual KYC/AML (Know Your Client/Anti Money Laundering) programme
Client reviews with Sales determining clients requirements, maintenance and offboarding
Assist with remedial actions identified by compliance test checks, internal audit and regulators.
Organise and contribute to meetings and working groups with stakeholders
Co-ordinating activities across multiple delivery work streams
Conduct regular reporting of progress against plan, including management information and metrics
Maintain a control focused approach that includes making appropriate risk decisions in a time pressured environment, whilst understanding commercial impacts and client relationships
Qualifications Skills required
Confident, assertive, ethically minded and energetic individual with the ability to learn and apply knowledge quickly
Ideally has a solid background in and understanding of FID products and their respective product life cycle
Understanding of escalation approach to issues and effectively communicating to resolve problems quickly
Ability to interact effectively with Sales and Trading whilst ensuring risk controls are upheld
Ability to lead and collaborate across groups to implement change
Ability to communicate effectively with senior management, Sales and Trading
Knowledge of Client Onboarding, KYC & AML practises and requirements beneficial
Working understanding of EMEA regulations reform beneficial
Ability to identify control gaps and issues before they arise or become more significant
Strong attention to detail with analytical / problem solving skills
Strong organisational skills and the ability to prioritise effectively
Ability to work as part of a team and adapt to the needs of the team as they arise
A bachelor's degree or equivalent
Excellent knowledge of Power point and MS Excel required
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. #LI-RP1