Background on the Position
Primary Responsibilities
The role will reside within the Firm Risk Management's Market Risk Department (MRD) which is a team dedicated to providing governance and oversight of all market risk arising from the Firm's business activities. This role resides within the Market Risk Strategic Change team located in New York City. The successful candidate will be responsible to deliver value creation through strategic change. The projects include internal model enhancements, Fundamental Review of the Trading Book (FRTB) development, Data and Risk Framework enhancements and improvements to end user tooling. Change programs involving technology deliverables will be executed in an Agile manner, so the ideal candidate will have familiarity with delivering strategic change using this approach. The ideal candidate will be responsible for:
> Ensure the timely and efficient preparation of the annual Bank Holding Company (BHC) scenario shocks including the setting of standards, effective challenge of risk descriptions and materiality assessments, scenario capture and stress drivers
> Manage Senior stakeholder engagement including escalating and resolving issues as necessary
> Be responsible for requirements gathering and managing the project on-boarding process
> Manage internal and external dependencies across initiatives, including working closely with Risk Managers, squad level Product Owners and Front Office to manage interdependencies
> Assist the Agile Fleet Leads to maintain and prioritize the Fleet-level backlog of work, by driving alignment between Fleet level purpose and Squad level components
Experience
> Bachelor's degree and 7 years of experience
> Preferred background in project management / Agile development
> Understanding of key market risk concepts (eg. traded products, VaR, stress testing, risk/limit management)
> Experience scoping, developing and prioritizing plans for strategic pieces of work
> The ability to identify, monitor and manage project risks, issues and dependencies, and agree appropriate responses
> Desired excellent verbal and written communication skills
Expected base pay rates for the role will be between $120,000 and $200,000 year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
Posting Date
Nov 19, 2024
Primary Location
Americas-United States of America-New York-New York
Education Level
Bachelor's Degree
Job
Market Risk
Employment Type
Full Time
Job Level
Vice President
