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 Market Risk Management Division is responsible for the independent identification, analysis, reporting and escalation of all market risk exposures arising from EMEA business activities, acting independently of business management and providing an effective challenge process. Team Profile Morgan Stanley is seeki...
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Morgan Stanley is seeking an Associate to join its Market Risk department based in London. The candidate will join the XVA coverage team, which is primarily responsible for identifying, assessing, and monitoring mark-to-market risks arising from the counterparty exposures of the Firm's derivatives portfolio.
Product coverage includes multi-asset class risks across the Firm's CVA (Credit Valuation Adjustment), FVA (Funding Valuation Adjustment), CTDVA and other items related to mark-to-market risk on the Firm's counterparty portfolio. Primary Responsibilities The role resides within the XVA risk management function. Specific responsibilities include: • Identification, assessment and monitoring of counterparty mark-to-market risks across the portfolio, including implementation of processes to actively monitor these risks. Calibration and enforcement of risk limits aligned with the Firm's risk appetite. Oversight of the risk monitoring process. • Active dialogue with business units, risk management colleagues, and other groups regarding business strategies, risk representation, and limit compliance. • Detailed risks analysis, highlighting both direct and indirect vulnerabilities in the portfolio. Development of a suite of comprehensive stress tests to highlight key risks, and projects to improve accuracy of XVA measurement • Co-ordinate as necessary with other functional groups including risk analytics, risk reporting, stress testing and regulatory and capital groups • Communication of results of analysis with relevant stakeholders. Preparation and presentation of briefings to senior management
Skills required (essential) • Excellent academic background, preferably an advanced degree (or equivalent) in Economics/Finance or Maths/Engineering • XVA experience is beneficial but not a requirement • Suitable candidates expected to show good judgment of risks and an understanding of fixed income products with preference for candidates with broader experience • Quantitative orientation with strong intuition and ability to make judgments based on incomplete data. Ability to synthesize complex problems and conceptualize appropriate solutions • Strong technical skills, including high proficiency in Excel. Programming skills (VBA, SQL) are advantageous. Candidate should demonstrate database fluency and be comfortable working with large datasets • The role involves working closely with several other areas including IT, Risk Infrastructure, Model Risk and the Business Unit, therefore you must be able to develop strong working relationships and be able to communicate clearly, both in writing and verbally. • Attention to detail, project management and prioritisation skills will be key in balancing daily deadlines with timely implementation of strategic projects 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.