ISG Counterparty Risk Manager - Associate

Associate, Counterparty Risk

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. 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. We 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.

Institutional Securities Group

The Institutional Securities Group (ISG) division at Morgan Stanley is a global leader in Institutional Equities, Fixed Income and Investment Banking products and services. We are seeking an experienced Associate level candidate to join the ISG Counterparty Risk team in our 1585 Broadway office in New York. This team is responsible for monitoring and managing the counterparty risk of multi-asset portfolios in Prime Brokerage, Listed Derivatives, OTC Cleared Derivatives, and OTC Bilateral Equity and Fixed Income Derivatives. Our client base includes large institutional fund managers, hedge funds, market makers, international corporations and broker dealers.

Primary Responsibilities

Perform monitoring and risk analysis of global multi-asset portfolios to assess credit and market risks, with a focus on large client exposures that span across multiple Firm businesses and products. Execute framework to measure collateral shortfalls with margined clients Escalate material margin calls to ISG Management and manage their resolution Own forums to socialize material counterparty exposures with Senior ISG Management and 2nd line Risk Management Serve as the central point of coordination for distressed and defaulted counterparties. Aid active decision making around liquidation of client portfolios. Run table top exercises across ISG to enhance closeout procedures Provide advice and approvals on complex trade structures. Own forum to define counterparty documentation framework and approve exceptions Execute regulatory agenda for counterparty and documentation related engagements Manage Firm's margin models including SIMM Model, which is used for compliance with global Uncleared Margin Rules. Run ISG Margin and Stress Test Model Governance Committee Work closely with senior ISG management, senior Institutional Equities and Fixed Income business unit management, business unit counterparty risk teams, 2nd Line Credit Risk, and IT teams to ensure counterparty risks are fully understood, captured and approaches are challenged where necessary

Qualifications

Strong quantitative and analytical skills required. Advanced degree in economics, finance, mathematics, statistics or related field preferred. 2+ years of experience in the financial services industry, with experience in a similar risk role and / or experience in Institutional Equities, or Fixed Income. Product knowledge in equities and fixed income products Ability to effectively prioritize work and operate with limited supervision Strong interpersonal, verbal and written communication skills. Candidate must be able to communicate in a concise and articulate manner to internal stakeholders across the organization Advanced Excel skills required

Expected base pay rates for the role will be between $100,000 and $140,000 per year for Associate, 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).