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Job description

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...

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.

Employer Focus

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

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
Job Sector
Job Position
Credit/Risk Management
London, UK Show on map
Post date
Closing date

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