Risk Analyst

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 and franchise. Risk Management protects the firm from losses resulting from defaults by our lending and trading counterparties.

Position Summary

Morgan Stanley is seeking an Analyst for the Risk Capital group, based in New York. Risk Capital, which is part of the Firm Risk Management Department, is responsible for the risk-based assessments required for regulatory capital calculations. The successful candidate for this role will perform these assessments for new transactions, review regulatory requirements, implement new processes and contribute to a wide variety of projects and initiatives within the larger group. The successful candidate will also support business decision making by providing these evaluations and partnering on the business model where regulatory capital considerations are material. Responsibilities

Identify and perform analysis of counterparty credit risk for derivatives, cleared transactions, repurchase agreements, securities lending agreements, margin loans and other loans

Deliver analysis and management information to support review and assurance of the counterparty credit risk regulatory capital position

Coordinate with the team to prepare responses to information requests from senior management, regulatory authorities, Independent Process Validation Group, and Internal Audit

Contribute to efficiencies and other enhancements of best-in-class processes to support daily, weekly, monthly and quarterly reporting while maintaining robust processes and controls. This would include design, development and implementation of tactical tools and strategic system changes

Work with stakeholders in the Business Units, Treasury, Finance, Risk Analytics and Credit Risk

Perform, and participate in, regulatory and capital analysis of new products and proposals initiated by the Business Units and the Firm and provide recommendations to the Business Units and Risk senior management for these new products and proposals. Support business decision making by providing these evaluations and partnering on the business model where regulatory capital considerations are material.

Develop and document Basel compliant methodologies, keeping recent regulatory capital rules and business developments

Skills required

Understanding of Credit Risk fundamentals including traded products, contractual agreements, collateral management, risk data and metrics

Quantitative/analytical background (e.g. finance, accounting, mathematics, STEM, law, economics, etc.)

Excellent organizational skills to meet challenging objectives and manage competing priorities

Strong written and verbal communications and mastery of relevant software

Identify ways to mitigate risk and developing new policies/processes in support of control and governance

One year of experience in related roles in a similarly complex institution

Skills Desired

Familiarity with current and evolving US Broker Dealer, Swap Dealer and Securities-Based Swap Dealer regulations

Capability, experience and comfort in reviewing and assessing the implications of complex new regulations

Databases and programming experience including SQL and/or Python

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.

Expected base pay rates for the role will be between $75,000 and $95,000 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

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.