Vice President, Risk Management Job at Morgan Stanley
Vice President, Risk Management
Job Number:
3229497
POSTING DATE: Mar 9, 2023
PRIMARY LOCATION: Americas-United States of America-New York-New York
JOB: Risk COO
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Vice President
DESCRIPTION
Morgan Stanley Services Group, Inc. seeks a Vice President, Risk Management in New York, New York
Responsible for annual and quarterly Comprehensive Capital Analysis and Review (CCAR) Risk-Weighted Analysis (RWA) projection for regulatory submission as well as internal capital adequacy exercises. Responsible for the Recovery and Resolution Plan (“RRP”) for material legal entities, and market RWA related governance meetings, planning, and review. Maintain high degree of documentation standards per internal specifications and targeted to satisfy regulatory expectation. Provide analysis and commentary to Market Risk RWA components to support Basel 3/2.5 production. Present and explain key risk drivers to senior management as well as business units. Collaborate with business partners including Market Risk managers, Technology, Risk Analytics to develop tools to ensure accuracy of capital calculations, and to better understand and communicate risk concentrations and drivers of risk and capital. Develop materials and present key market risk information to government regulators (including the Securities and Exchange Commission) on a regular basis, and address the inquiries on market risk capital variance and the underlying business risk profile effectively.
QUALIFICATIONS
Requirements:
Requires a Bachelor’s degree in Finance, Analytical Finance, Mathematics, or related field of study and five (5) years of experience in the position offered or five (5) years of experience as a Manager, Consultant, or related occupation in the financial services field. Requires three (3) years of experience with: Python; Excel VBA; data base query language; market risk management including Basel 2.5 and Basel 3 regulations; and delivering presentations to senior management and regulators. Requires two (2) years of experience with: trading products across various asset classes including equity, rates, FX, credit, and commodities; capital stress testing exercises including Comprehensive Capital Analysis and Review (CCAR) and Recovery and Resolution Plan (RRP); statistical models including regression models; and statistical testing including development and documentation.
Expected base pay rate for the role will be $198,000 to $198,000 per 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.
Qualified Applicants:
To apply, visit us at https://ms.taleo.net/careersection/2/jobsearch.ftl?lang=en Scroll down and enter 3229497 as the “Job Number” and click “Search jobs.” No calls please. EOE
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