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Morgan Stanley logo
Morgan StanleyNew York, New York
Firm Risk Management Firm Risk Management supports Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, operational, model and other risks. Background on the Position The role will reside within the Firm Risk Management's Risk Analytics area. Risk Analytics develops market risk analytics, credit risk analytics, operational risk analytics and scenario analytics models providing quantitative analysis on the Firm's risk exposures. By developing mathematical and statistical models with risk overlays, Risk Analytics calculates the risks associated with specified sets of financial positions and day-to-day operations. Morgan Stanley is seeking a strong VP level candidate to join its Credit Exposure Methodology Group (CEMG), in FRM's Risk Analytics . The CEMG is responsible for the development of Counterparty Credit Risk Models used for both regulatory capital calculations and internal risk management. This role will be within the CEMG US team, reporting to the US Head of CEMG based in New York City, focused on internal and regulatory initiatives in the US and working closely with the global CEMG function in the UK/EU, Budapest and Mumbai. This individual will work closely with the various groups within the Credit Risk Management Department, Model Risk Management, Technology and Risk Governance in developing these counterparty credit risk models. Primary Responsibilities - Develop, enhance and maintain Counterparty Credit Risk (CCR) methodology.- Develop models for portfolio analytics purpose, such as credit limit setting and stress limit setting.- Write high-quality model documentation that satisfies the firm's internal model approval functions, audit requirements, and the Firm's regulators (e.g., FRB, OCC, SEC, etc.).- Closely work with other teams within FRM to provide regular ongoing model performance assessments, hypothetical risking analysis and override monitoring. Review analysis results with senior management and provide recommendations.- Working in an advisory capacity with local/global risk managers and Front Office stakeholders to ensure risk is appropriately captured.- Develop analytical tools to support to other teams within Firm Risk Management. ExperienceApplicants must have either graduated from a four-year accredited university with a quantitative major such as Math / Physics / Statistics / Econometrics /Engineering / Computer Science.- 5 to 10 years work experience in a quantitative research group at a commercial bank, investment bank, or consulting firm- Quantitative skills especially in the area of Monte Carlo simulation, derivatives pricing, hypothesis testing and regression- Strong skills in communication, critical thinking, and problem solving and collaboration- Curious about risk management, financial products, markets, and regulation- An interest in a fast-paced environment, often balancing multiple high priority deliverables- Strong attention to detail and ability to provide information in usable formats- Familiarity with coding languagesFirm Risk Management values diversity and is committed to providing a supportive and inclusive workplace for all employees.This role is hybrid and currently requires in office attendance 3 days/week. The in office requirement is subject to change at any time. WHAT YOU CAN EXPECT FROM MORGAN STANLEY: We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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 $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).

Posted today

M logo
MS Services GroupNew York, New York
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 to grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture. Department Profile Firm Risk provides independent market, credit and liquidity risk oversight across the Firm's trading and investment activities. Risk Analysis and Reporting is a critical component of Firm Risk, responsible for managing senior committee reporting processes, performing detailed risk analysis, creating comprehensive risk reporting and designing and implementing strategic reporting solutions. Background on the Position Morgan Stanley seeks a professional for Risk Reporting team within Firm Risk Management department. The individual will cover a diverse range of responsibilities to facilitate senior risk committee reporting processes, as well as analysis, reporting and control of risk information to meet the requirements of the Firm's Risk Management function and the regulators. To be successful, candidate needs to be detail-orientated and analytical, have relevant educational background (finance, economics, programming), relevant work experience (risk and/or financial reporting, governance and controls implementation, BI development, Risk Management), and the ability to work independently and efficiently under tight deadlines. Information processed in the department is confidential and thus the candidate must demonstrate integrity. Primary Responsibilities > Overseeing and enhancing the end-to-end risk reporting processes, ensuring accuracy, timeliness, and compliance with internal policies and regulatory requirements > Working closely with cross-functional teams for coordination and delivery of senior management risk committee reports > Develop, implement, and maintain risk reports, automated reporting processes and analytical tools for managing and monitoring risk across FRM. > Liaise with other teams across Risk Reporting and with the wider FRM on cross-functional data/infrastructure projects. > Manage ad-hoc requests from senior management to ensure timely and accurate responses. Qualifications > Bachelors / Master's Degree in finance, or engineering > 2-5 years of work experience in risk/financial reporting or related process controls within financial services or a regulated environment > Excellent organizational and communication skills with the ability to work independently and under pressure > Preferred Knowledge of financial products and financial risk management through industry experience > Strong analytical and problem-solving skills > Knowledge/experience in Project Management is preferred > Expertise in data extraction and manipulation (SQL), data visualization tools (PowerBI), reporting process automation (VBA), proficiency in Microsoft applications (Excel and PowerPoint) is preferred WHAT YOU CAN EXPECT FROM MORGAN STANLEY: We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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 $100,000 and $140,000 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).

Posted 30+ days ago

Morgan Stanley logo
Morgan StanleyNew York, NY
Firm Risk Management Firm Risk Management (FRM) enables Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, operational, model and other risks. Our mission is to serve as the follow roles: Independent agent to set consistent principles and disciplines for risk management Strategic advisor to Firm management for setting risk appetite and allocating capital Industry leader to influence and meet regulatory standards You will collaborate with colleagues across FRM and the Firm to protect the Firm's capital base and franchise, advise businesses and clients on risk mitigating strategies, develop tools and methodologies to analyze and monitor risk, contribute to key regulatory initiatives and report on risk exposures and metrics to enable informed and strategic decision-making. Through thoughtful analysis and clear communication we are best able to bring our ideas to the table and improve the Firm. Firm Risk Management values diversity and is committed to providing a supportive and inclusive workplace for all employees. Firm Risk Management's unique franchise promotes: Flat, flexible and integrated global organization Collaboration and teamwork Credible, independent decision-making Organizational influence Creative and practical solutions Meritocratic and diverse culture Credit Risk Management (CRM) Credit Risk Management (CRM) evaluates credit risk transactions and approves, rejects or modifies them considering the availability and appropriateness of arrangements for reducing risk or risk mitigation. The department also assigns Internal Credit Ratings; establishes and manages credit risk limits in accordance with the risk tolerance established by the Board; monitors and reports on credit risk exposures on a regular basis to the Chief Risk Officer, Chief Credit Officer and senior management. CRM also interacts with the business unit to ensure that credit risk assessments are factored into business decisions. Background on the Position CRM is seeking an Associate to join the Global Credit Reporting team responsible for providing Credit Risk Product Heads, the Chief Credit Officer, and Chief Risk Officer with analysis and reporting to support timely and accurate decision making related to the Firm's credit portfolio. The team provides in-depth exposure analysis, risk insights, and reporting for the global credit portfolio, consisting of all products which expose Morgan Stanley to credit risk. The analysis and reporting supports senior management's understanding of current risk drivers, portfolio concentrations, correlations, and potential tail risks. The Credit Reporting team is responsible for the design, development, and production of recurring management reporting providing value additive analysis of Morgan Stanley's credit risk profile and assessment of emerging risk issues. The team also assists regional and product portfolio managers with ad-hoc analysis as requested by product leads or senior management. The team works closely with Credit Coverage officers, Business Units as well as other Risk functions. In addition to running BAU risk reporting functions, the Global FRM Reporting team (including risk stripe reporting teams) has initiated a multi-year strategic program to renovate its data and reporting infrastructure and tooling by sourcing the data from authoritative sources/distributors, creating reporting data views using data curation, and automating reports largely in Power BI. Primary Responsibilities > Analyze daily, weekly, monthly, and quarterly changes in credit portfolio and summarize findings in oral, written, and PowerPoint format > Prepare weekly, monthly, and quarterly portfolio review materials; review and defend analysis with senior portfolio manager > Assist with ad-hoc requests for new point-in-time and trend analysis of the credit portfolio, including capture and aggregation of data not already in credit, risk, or firm systems > Participate in end-to-end report development lifecycle: ideation, data collection and aggregation, prototyping, report production, and automation > Escalate data issues to the Data Control team and Credit Risk Agile IT squads and assist with the remediation of data problems > Collaborate with Data Control, Credit Risk Agile IT squads, Credit Coverage and Business Unit representatives, to ensure new and emerging data required for portfolio analysis is on-boarded into credit risk systems > Participate in data curation and building Power BI dashboards Skills/Experience Required: > 4+ years of experience in business and/or data analysis role at Financial Services, Consulting, Accounting or Corporate Finance Firms > Proficient in Excel, PowerPoint, SQL, and VBA > Strong verbal and written communication skills, including delivering effective presentations to senior management > Well organized and able to work in a fast paced environment with strong attention to detail > Ability to meet deadlines while managing multiple deliverables > Ability to collaborate with colleagues in other geographic locations > Bachelor's degree in Finance, Computer Science, or Engineering related areas Additional skills (nice to have): > Sufficient knowledge of programming languages such as Python or R > Experience with business intelligence software (Tableau, Qlikview, Power BI, etc.) > Understanding of Credit Risk, lending and/or traded products WHAT YOU CAN EXPECT FROM MORGAN STANLEY: We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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 $100,000 and $140,000 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).

Posted 30+ days ago

Morgan Stanley logo
Morgan StanleyNew York, NY
Firm Risk Management Firm Risk Management (FRM) supports Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, model and other risks. Background on the Position Morgan Stanley Credit Risk Management is recruiting an Associate in New York for the Credit Policy, Governance, and Regulatory Team (CPGR), which is part of the Credit Risk Management (CRM) Second Line of Defense. CPGR is led by the Global Head of Credit Policy, Governance and Regulatory. CPGR (1) develops, enhances, and maintains Credit policies and procedures, (2) manages Credit related regulatory exams, internal audits, and Credit non-data Self-Identified Issues framework; and (3) coordinates responses to Credit related ad hoc requests from regulators. Its key functions are, among other things, to establish/maintain Credit policy and governance standards, spearhead remediation projects related to regulatory and audit findings/deliverables, advise on compliance with regulatory guidance, and provide credit governance solutions globally. The team works in close collaboration with subject matter experts globally in Credit Coverage, Capital, Risk Analytics, and Reporting, as well as other departments within the Firm. The ideal candidate will have experience in Credit Risk Management, knowledge of risk and finance issues related to trading and lending activities, ability to write clearly and concisely, technology skills, and familiarity with large bank/securities regulations. This position offers opportunities to gain exposure to all aspects of Credit Risk and to senior risk managers. Primary Responsibilities o Develop and update Credit policies and procedures, taking into account current regulatory expectations and Firm practices o Execute various projects and efficiency initiatives related to Credit policy, governance, and regulatory guidance o Coordinate the Firm's communications and deliverables for Credit related regulatory exams/audits and requests o Analyze key upcoming regulatory guidance to assess level of compliance with current practice o Assist in the preparation of senior management reports and materials on policies/procedures, regulatory exams, internal audits, self-identified issues, and credit reviews o Bachelor's degree; Advanced degree desirable o Three to five years of experience in Credit Risk or a related field at a large, complex financial institution or a top consulting firm o Excellent verbal and written communication skills o Analytical/critical thinking and problem-solving skills o Ability to work effectively on multiple projects under tight deadlines o Highly detail oriented with a critical degree of accuracy o Proficiency in Microsoft Office programs (Word, Excel, PowerPoint) o General technology skills (e.g., SharePoint sites, databases, process flows, Microsoft Access, Visio, basic knowledge of computer languages) WHAT YOU CAN EXPECT FROM MORGAN STANLEY: We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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 $85,000 and $140,000 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. 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).

Posted 30+ days ago

Morgan Stanley logo
Morgan StanleyNew York, New York
Department ProfileThis role resides within the Model Risk Management (MRM) Department which is dedicated to providing independent model risk control, review and validation of models used by Morgan Stanley. The Model Risk Infrastructure team is responsible for oversight, management, and facilitation of technology solutions that support the MRM group.Background on the PositionThe Efficiency Evolution team within MRM is looking to hire a skilled Software Developer focused on improving the efficiency and effectiveness of the department by increasing the quality and reproducibility of our existing code bases and developing new tools and information systems to support the process of model validation and independent testing.To be successful, the candidate needs to have relevant educational background (computer science or other engineering field), relevant work experience, the ability to work independently, and a high sense of ownership. Information processed in the department is confidential and thus the candidate must demonstrate integrity.Primary Responsibilities-* Prototype and evaluate new tools and workflows that will optimize the process of model validation.-* Design, develop, automatically test, and maintain high-quality software applications using Python.-* Develop and distribute well-documented Python packages to support internal tools and applications.-* Engage with stakeholders, such as model reviewers, to understand their needs and build the tools they require to perform their jobs more effectively and efficiently. -* 3-5 years of software development experience-* Bachelor's or higher degree in Computer Science or a related field.-* Extensive experience with Python, Git, and Linux.-* Extensive experience with data management, analytics, and visualization.-* Proven track record of developing Python packages with appropriate documentation and test suites.-* Proven track record of developing robust Continuous Integration and Continuous Development pipelines.-* Strong background in Machine Learning and Statistics, ideally in the Banking/Finance industry.-* Experience with RDBMS and other types of database management systems.-* Excellent problem-solving skills and attention to detail.-* Strong communication skills, both written and verbal.-* Ability to work collaboratively in a team environment.-* Ability to prioritize and manage multiple competing objectives. WHAT YOU CAN EXPECT FROM MORGAN STANLEY: We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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. 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).

Posted today

Morgan Stanley logo
Morgan StanleyNew York, NY
Firm Risk Management Firm Risk Management (FRM) supports Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, model and other risks. The FRM Credit Risk Management - Securitized Products Group's Fixed Income Division Secured Lending (FSL) team is seeking an Associate. The responsibilities of this role include evaluating credit risk on Commercial Real Estate (CRE) warehouse facilities and pledged collateral, reviewing loan structures for suitability, and assessing risk mitigation measures. The position also involves working with the business unit to incorporate credit risk assessments into business decisions. Primary Responsibilities Oversee credit coverage of the CRE warehouse lending portfolio, including assessing underlying collateral loans and providing recommendations for approval. Independently manage and evaluate new facility originations, renewals, amendments, and loan modifications. Facilitate and lead critical meetings with key stakeholders, encompassing client due diligence, firm credit committees, and business unit discussions. Collaborate with both internal and external parties, including regulatory agencies and internal audit teams. Monitor portfolio financial performance and credit risks, preparing ad-hoc reports for senior management as needed. Perform quantitative and qualitative analyses utilizing various CRE databases (such as CoStar, Intex, and Greenstreet). Support training and development initiatives for junior team members. Experience A bachelor's degree is required. 3 years' credit risk experience; CRE background strongly preferred. Strong communication skills, both verbal and written, are required. Ability to think creatively and strategically, and thrive in a dynamic work environment Proactive and results-oriented mindset Strong organizational skills Ability to effectively prioritize and handle multiple tasks under tight deadlines Ability to work collaboratively within a team and with counterparts in other groups WHAT YOU CAN EXPECT FROM MORGAN STANLEY: We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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 $100,000 and $140,000 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).

Posted 2 weeks ago

Morgan Stanley logo
Morgan StanleyNew York, New York
Firm Risk Management Morgan Stanley's Firm Risk Management (FRM) Division is an exciting and rapidly growing space. We support Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, model and other risks. Background on the PositionThe role is within Firm Risk Management's Risk Analytics. Risk Analytics develops market risk, credit risk and scenario analytics models. These mathematical and statistical models provide an overall calculation of market risk across asset classes (e.g. equities, interest rate instruments), the calculation of risk in a time of increased economic stress (i.e. stress testing), and the generation of scenarios associated with increased economic stress.Morgan Stanley is seeking a Vice President to join the Market Risk Analytics Stress RWA Models Team as a methodology owner/contributor to the Stress RWA family of models. The Stress RWA models are used to project VaR-, Stressed VaR-, IRC-, and RNIV-based capital under stressed market conditions within the context of annual CCAR exercises, quarterly stress testing, and Recovery & Resolution Planning (RRP) exercises. The New Hire will be responsible for all aspects of model ownership including methodology design, calibrations, testing, monitoring, model risk validation work, executing model enhancements, and model documentation. New Hire will also contribute to the development of Python libraries used to perform associated analytics for this family of models.Primary Responsibilities:-* Contribute to all aspects of model ownership - methodology design, calibrations, testing, monitoring, model validations, model enhancements, and methodology documentation-* Effectively collaborate with the Capital Team, Risk IT Team, Model Risk Management, and other partnering areas to deliver on stress testing exercises and execute strategic enhancements to the models-* Develop Python analytical code for testing and performance monitoring of Stress RWA models-* Run model monitoring analytics, and present results to Model Risk Management, and relevant governance forums-* Effectively represent/communicate modelling methodology and output analytics to a wider audience of stakeholders, senior managers, and governance forums Required Experience/Skills:-* Requires a Master's degree in a quantitative field such as Quantitative Finance, Physics, Mathematics, Engineering, Computer Science; and five (5) years of relevant work experience-* Knowledge of market risk modelling methodologies (Greek-based value-at-risk (VaR), stressed VaR, and incremental risk charge) required-* Strong Python programming skills and packages used for data manipulation, time series and data analysis strongly preferred-* Trading markets knowledge within the FX, rates, credit, equity, commodity space strongly preferred-* Strong written and verbal communication skills essential-* Project organizational competency and team leadership skills essentialFirm Risk Management values diversity and is committed to providing a supportive and inclusive workplace for all employees. This role is hybrid and currently requires in office attendance 3 days/week. The in office requirement is subject to change at any time. WHAT YOU CAN EXPECT FROM MORGAN STANLEY: We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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. 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).

Posted 1 day ago

Morgan Stanley logo
Morgan StanleyNew York, NY
Department Profile This role resides within the Model Risk Management (MRM) Department which is dedicated to providing independent model risk control, review and validation of models used by Morgan Stanley. The Model Risk Infrastructure team is responsible for oversight, management, and facilitation of technology solutions that support the MRM group. Background on the Position The Efficiency Evolution team within MRM is looking to hire a skilled Software Developer focused on improving the efficiency and effectiveness of the department by increasing the quality and reproducibility of our existing code bases and developing new tools and information systems to support the process of model validation and independent testing. To be successful, the candidate needs to have relevant educational background (computer science or other engineering field), relevant work experience, the ability to work independently, and a high sense of ownership. Information processed in the department is confidential and thus the candidate must demonstrate integrity. Primary Responsibilities Prototype and evaluate new tools and workflows that will optimize the process of model validation. Design, develop, automatically test, and maintain high-quality software applications using Python. Develop and distribute well-documented Python packages to support internal tools and applications. Engage with stakeholders, such as model reviewers, to understand their needs and build the tools they require to perform their jobs more effectively and efficiently. - 3-5 years of software development experience Bachelor's or higher degree in Computer Science or a related field. Extensive experience with Python, Git, and Linux. Extensive experience with data management, analytics, and visualization. Proven track record of developing Python packages with appropriate documentation and test suites. Proven track record of developing robust Continuous Integration and Continuous Development pipelines. Strong background in Machine Learning and Statistics, ideally in the Banking/Finance industry. Experience with RDBMS and other types of database management systems. Excellent problem-solving skills and attention to detail. Strong communication skills, both written and verbal. Ability to work collaboratively in a team environment. Ability to prioritize and manage multiple competing objectives. WHAT YOU CAN EXPECT FROM MORGAN STANLEY: We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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. 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).

Posted 1 week ago

Morgan Stanley logo
Morgan StanleyNew York, NY
Firm Risk Management Firm Risk Management (FRM) supports Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, operational, model, and other risks. Background on the Position 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: Primary Responsibilities > Manage MRD strategic change initiatives and BAU requests > Manage Senior stakeholder engagement including escalating and resolving issues as necessary > Responsible for gathering requirements and managing the project on-boarding process > Coordinate dependencies with Risk Managers, Product Owners, and Front Office for strategic change initiatives. > Support Agile Fleet Leads in maintaining and prioritizing the Fleet-level backlog by ensuring alignment between Fleet-level objectives and Squad-level components Experience > Bachelor's degree and 2-3 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 FRM is committed to creating and providing opportunities that enable our workforce to reflect diverse backgrounds and views. WHAT YOU CAN EXPECT FROM MORGAN STANLEY: We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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 $100,000 and $140,000 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).

Posted 30+ days ago

Morgan Stanley logo
Morgan StanleyNew York, New York
Firm Risk Management Firm Risk Management (FRM) supports Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, operational, model and other risks. Background on the Position 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. The successful candidate will join the Fixed Income Macro coverage team which oversees products in the interest rate, foreign exchange, and emerging market spaces as well as cross-asset trading strategies.Primary ResponsibilitiesMorgan Stanley is seeking an experienced Macro (IR/FX/EM) risk manager to join the Market Risk Department (MRD), based in New York.>* Continuously monitor the financial markets and measure the risk impact of a IR/FX/EM non-linear portfolio, including analyzing complex trades and trading strategies and assessing material weaknesses or overlooked risks and hedging strategies. Monitor market risks through the review of portfolio risk sensitivities, Value-at-risk (VaR), stress scenario analysis and limit management.>* Facilitate discussion and encourage independent challenge of traders, trading management and strategists. >* Understand P&L drivers and construct any necessary tools to facilitate risk and P&L analysis. >* Participate in the formal new product approval process>* Contribute to the assessment of the suitability and performance of pricing and risk models. Work with relevant groups to address material deficiencies>* Continuously review limit and reporting framework to ensure appropriateness in light of new trades, business strategy, new product risk factors and market conditions>* Development of risk methodologies, tools and involvement in system improvement working closely with traders, quantitative analysts, IT and other groups within the Firm>* Utilize and enhance comprehensive stress tests that highlight key risks and participate in regular signoff of risk submissions to regulators and senior management.>* Communicate key risks to senior management on a regular basis, including creation of presentations articulating key risks and portfolio changes, escalate emerging or developing risks as necessary>* Liaise with and develop effective & constructive working relationships with a diverse set of stakeholders including Sales and Trading, Business Unit Risk Management, Desk Strategists, Finance, Technology and Operations and other groups within Firm Risk Management>* Manage, mentor, train and develop a team of junior risk managers Experience>* Candidate must have a bachelor's degree at a minimum and 5-8 years of market risk experience, quantitative background preferred.>* Experience in Rates and/or FX derivatives is required. Product knowledge of interest rates and/or FX is preferred. >* Understanding of risk management concepts such as VaR, stress testing, scenario analysis and capital calculations.>* Strong attention to detail, ability to handle multiple priorities and operate autonomously while still being able to escalate appropriately and without compromising on quality.>* Highly developed interpersonal and communication skills to prepare and present key risks and complex proposals to a variety of audiences.>* Technological proficiency in Excel, SQL and Python WHAT YOU CAN EXPECT FROM MORGAN STANLEY: We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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 $120,000 and $205,000 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).

Posted 1 day ago

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89 Morgan Stanley Bank, N.A.New York, New York
Firm Risk ManagementFirm Risk Management (FRM) supports Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, model and other risks.Background on the Position The role is within the FRM's Credit Risk Management department as part of the financial sponsors credit coverage team, dedicated to supporting the Firm's Securitized Products Group (SPG) and Global Capital Markets (GCM) businesses. The business coverage includes transaction management and approval of highly structured financing solutions for private equity funds. Primary ResponsibilitiesThe principal responsibilities of the role include the evaluation of new lending and trading transactions, as well as the monitoring and maintenance of existing loans and counterparty portfolios. Fulfillment of these responsibilities involves:- Leading the coverage of i) Capital Call Subscription Financing (CCSF) loan portfolio and ii) private equity and sponsor-related derivatives trading requests - Manage and assess new financing solutions for private equity funds. The underwriting process includes detailed private equity fund analysis and borrowing base analysis. Credit professionals will assess and determine credit ratings, risk appetite, and structural enhancements such as covenants and termination events- Work as a partner to the business units and provide constructive feedback on deal structure to mitigate key risk factors; identify and raise credit concerns to the business units and senior credit professionals early- Prepare credit memoranda that are of high-quality and clearly articulate credit views, mitigants and rationale for credit recommendation to FRM senior management- Manage the inquiries and requests from internal and external stakeholders, including regulators and internal audit- Monitor financial condition and performance of borrowers & counterparties within coverage responsibilities, including regularly reviewing covenant compliance, regulatory classifications, collateral threshold tracking, limits, and monitoring additional termination events- Manage renewals and amendments of existing borrowers- Provide training to junior team members Experience: - Bachelor's degree required. Master's Degree or a CFA Charter holder is a plus- Minimum 5 years of work experience at an investment bank and/or commercial bank- Significant accounting and finance knowledge - Experience in evaluating lending transactions including cashflow modeling, borrowing base analysis, and stress analysis. Familiarity or experience with traded products is preferred- Strong analytical experience with private equity funds and other financial institutions- Excellent verbal and written communication skills. WHAT YOU CAN EXPECT FROM MORGAN STANLEY: We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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 $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).

Posted 2 weeks ago

Morgan Stanley logo
Morgan StanleyNew York, NY
Job Profile Morgan Stanley is seeking a highly motivated and team-oriented individual to join its Equity team within the Market Risk Department (MRD), based in New York. MRD's Equity team has coverage responsibilities for the full spectrum of products traded within Morgan Stanley's Institutional Equities Division (IED), including vanilla and exotic equity options, variance swaps, convertible bonds, cash equities, swaps etc. The candidate may also have the opportunity to contribute to the US Legal Entity oversight of IED market risks. In this role the candidate will Maintain on-going dialogue with trading desks and Front Office support groups regarding positioning, market developments, trading strategies, limit usage, and risk representation of new trades or products Monitor market risks through the review of portfolio risk sensitivities, Value-at-risk (VaR), stress scenario analysis and limit monitoring Articulate the trading desk's risk profile, trading strategy and governance framework to senior management, the Firm's regulators, and other internal control groups Perform risk analysis to incentivize appropriate risk-taking behavior aligned to the Firm's risk appetite, such as analyzing and approving large or complex trades as well as setting or designing risk limits Drive projects for your coverage area, such as market risk modelling enhancements, development of stress tests, or regulatory initiatives Collaborate closely with colleagues from the global Market Risk Department and other support groups, including Finance and Technology Qualifications In order to succeed in this role, you will ideally have An interest in working in a fast-paced environment, often balancing multiple high priority deliverables Prior experience with Equity products, preferably including equity derivatives The ability to effectively and thoughtfully communicate with a wide range of stakeholders Hands-on market risk experience, including use of various tools such as stress scenario analysis, Value-at-Risk (VaR), and market risk measures Preference for individuals with: Educational background in finance, economics, engineering, mathematics, or science 5 years of work experience in the financial services industry (particularly risk management, finance, sales and trading or banking) Hands-on experience analyzing large data sets using tools such as Excel, SQL, and Python WHAT YOU CAN EXPECT FROM MORGAN STANLEY: We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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 $120,000 and $205,000 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).

Posted 30+ days ago

Morgan Stanley logo
Morgan StanleyNew York, NY
Firm Risk Management Firm Risk Management (FRM) supports Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, model and other risks. Background on the Position The role is within the FRM's Credit Risk Management department as part of the financial sponsors credit coverage team, dedicated to supporting the Firm's Securitized Products Group (SPG) and Global Capital Markets (GCM) businesses. The business coverage includes transaction management and approval of highly structured financing solutions for private equity funds. Primary Responsibilities The principal responsibilities of the role include the evaluation of new lending and trading transactions, as well as the monitoring and maintenance of existing loans and counterparty portfolios. Fulfillment of these responsibilities involves: Leading the coverage of i) Capital Call Subscription Financing (CCSF) loan portfolio and ii) private equity and sponsor-related derivatives trading requests Manage and assess new financing solutions for private equity funds. The underwriting process includes detailed private equity fund analysis and borrowing base analysis. Credit professionals will assess and determine credit ratings, risk appetite, and structural enhancements such as covenants and termination events Work as a partner to the business units and provide constructive feedback on deal structure to mitigate key risk factors; identify and raise credit concerns to the business units and senior credit professionals early Prepare credit memoranda that are of high-quality and clearly articulate credit views, mitigants and rationale for credit recommendation to FRM senior management Manage the inquiries and requests from internal and external stakeholders, including regulators and internal audit Monitor financial condition and performance of borrowers & counterparties within coverage responsibilities, including regularly reviewing covenant compliance, regulatory classifications, collateral threshold tracking, limits, and monitoring additional termination events Manage renewals and amendments of existing borrowers Provide training to junior team members Experience: Bachelor's degree required. Master's Degree or a CFA Charter holder is a plus Minimum 5 years of work experience at an investment bank and/or commercial bank Significant accounting and finance knowledge Experience in evaluating lending transactions including cashflow modeling, borrowing base analysis, and stress analysis. Familiarity or experience with traded products is preferred Strong analytical experience with private equity funds and other financial institutions Excellent verbal and written communication skills. WHAT YOU CAN EXPECT FROM MORGAN STANLEY: We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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 $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).

Posted 30+ days ago

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VOYA Financial Inc.North Adams, MA
Together we fight for everyone's opportunity for a better financial future. We will do this together - with customers, partners and colleagues. We will fight for others, not against: We will stand up for and champion everyone's access to opportunities. The status quo is not good enough … we believe every individual and every community deserves access to financial opportunities. We are determined to support both individuals and communities in reaching a better financial future. We know that reaching this future depends on our actions today. Like our Purpose Statement, Voya believes in being bold and committed to action. We are committed to a work environment where the differences that we are born with - and those we acquire throughout our lives - are understood, valued and intentionally pursued. We believe that our employees own our culture and have a responsibility to foster an environment where we all feel comfortable bringing our whole selves to work. Purposefully bringing our differences together to positively influence our culture, serve our clients and enrich our communities is essential to our vision. Are you ready to join a company with a strong purpose and a winning culture? Start your Voyage- Apply Now Profile Summary: The Senior IT Risk Manager reports to the Head of IT Risk Management (ITRM) within Voya's enterprise Operational Risk Management function. This ITRM function provides risk oversight for Voya's enterprise Information Technology (IT) function and technologies supporting Voya's Investment Management, Retirement Benefits, and Employee Benefits businesses by facilitating processes to identify, monitor, and mitigate IT related operational risks, and by providing senior leadership with timely and accurate information to assist in risk-based decision making. Profile Description: The mission of the Operational Risk Management (ORM) function is to support Voya leadership in risk-based decision making and to assist with the management of operational risks of the enterprise, through the application of a comprehensive framework, processes, and tools for identifying, measuring, and monitoring operational risks. We are seeking a motivated and self-driven individual that will focus on the communication, implementation, and execution of operational risk policies and procedures, in support of risk management within Voya's enterprise IT function and Investment Management, Retirement Benefits, and Employee Benefits business technologies. The individual will employ business, IT, and operational process knowledge to perform independent review and challenge, and to advise stakeholders on solving complex and time-sensitive risk related matters. Responsibilities include, but are not limited to the following: Regularly interact with and build partnerships with stakeholders across business and IT functions at varying levels to promote and instill a strong risk culture. Provide subject matter expertise and advise on IT related risks and remediation/mitigation of risk exposures. Real-time risk advisory and risk measurement are key elements of this role. Assist in defining IT risk and control standards and maintaining the standards framework. Lead IT risk identification and assessment activities that include IT process reviews, top-down risk assessments, targeted risk and control assessments, development of key risk indicators (KRI), risk event management, trend analysis, and controls compliance. Monitor the IT risk and control environment including root cause analysis of issues and incidents to identify process improvement, control optimization, and risk reduction opportunities. Develop Board and senior leadership risk reporting and risk committee materials. Assist with assessments concerning compliance with applicable laws and regulations impacting IT. Work closely with line of business ORM teams to characterize potential IT risks and trends, assessing business impact and articulating criticality and implications to business stakeholders. Assist with ongoing development and maintenance of IT Risk Management strategy and framework, and education of stakeholders. Knowledge & Experience: Bachelor's degree in Computer Science, MIS or related field; or equivalent work experience. Master's degree desirable. Minimum 8-15 years of relevant experience with a strong background in IT, IT audit, and/or IT risk management and including minimum 4 years of financial services experience, preferably in Asset, Wealth, Investment Management, Retirement Benefits and Employee Benefits lines of business In depth knowledge of IT technical and operational processes, and associated risks and controls. CISA, CISSP, CISM, CRISC or other related IT risk certification is preferred including cloud platform and AI certifications. Technical knowledge of risk management frameworks, applicable standards, and regulatory requirements including, NIST, COBIT, ITIL, ISO27000, and other relevant IT governance frameworks. Familiarity and experience using eGRC solutions. Ability to communicate complex information technology risks and issues to non-technical business stakeholders to ensure a clear understanding of criticality and implications. Ability to discern and measure business relevant risk from IT risks and issues, and to identify the corresponding remediation which is adequate and balanced to mitigate business impact. Critical thinker and ability to express risk themes from data that will serve to inform and guide leadership decisions and actions Ability to function independently with limited supervision Ability to collaborate within ITRM and ORM as well as across functions in partnership with IT, business teams and other risk functions Strong problem solving, decision making, communication, and facilitation skills. Proficient with Microsoft Office suite of products and automated reporting tools. Ability to produce professional documents ready for presentation to executive "C-Level" management. Travel: Occasional travel to Voya office locations in the US #LI-KD1 Compensation Pay Disclosure: Voya is committed to pay that's fair and equitable, which means comparable pay for comparable roles and responsibilities. The below annual base salary range reflects the expected hiring range(s) for this position in the location(s) listed. In addition to base salary, Voya offers incentive opportunities (i.e., annual cash incentives, sales incentives, and/or long-term incentives) based on the role to reward the achievement of annual performance objectives. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Voya Financial is willing to pay at the time of this posting. Actual compensation offered may vary from the posted salary range based upon the candidate's geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked. $127,160 - $178,320 USD Be Well. Stay Well. Voya provides the resources that can make a difference in your lives. To us, this means thriving physically, financially, socially and emotionally. Voya benefits are designed to help you do just that. That's why we offer an array of plans, programs, tools and resources with one goal in mind: To help you and your family be well and stay well. What We Offer Health, dental, vision and life insurance plans 401(k) Savings plan - with generous company matching contributions (up to 6%) Voya Retirement Plan - employer paid cash balance retirement plan (4%) Tuition reimbursement up to $5,250/year Paid time off - including 20 days paid time off, nine paid company holidays and a flexible Diversity Celebration Day. Paid volunteer time- 40 hours per calendar year Learn more about Voya benefits (download PDF) Critical Skills At Voya, we have identified the following critical skills which are key to success in our culture: Customer Focused: Passionate drive to delight our customers and offer unique solutions that deliver on their expectations. Critical Thinking: Thoughtful process of analyzing data and problem solving data to reach a well-reasoned solution. Team Mentality: Partnering effectively to drive our culture and execute on our common goals. Business Acumen: Appreciation and understanding of the financial services industry in order to make sound business decisions. Learning Agility: Openness to new ways of thinking and acquiring new skills to retain a competitive advantage. Learn more about Critical Skills Equal Employment Opportunity Voya Financial is an equal-opportunity employer. Voya Financial provides equal opportunity to qualified individuals regardless of race, color, sex, national origin, citizenship status, religion, age, disability, veteran status, creed, marital status, sexual orientation, gender identity, genetic information, or any other status protected by state or local law. Reasonable Accommodations Voya is committed to the inclusion of all qualified individuals. As part of this commitment, Voya will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please reference resources for applicants with disabilities. Misuse of Voya's name in fraud schemes

Posted 30+ days ago

M logo
MS Services GroupNew York, New York
Background on the PositionThe role will reside within the Firm Risk Management's Credit Risk Management area which is a team dedicated to evaluating credit risk transactions considering the availability and appropriateness of arrangements for reducing risk or risk mitigation. The department also establishes and manages credit risk limits in accordance with the risk tolerance established by the Board; monitors and reports on credit risk exposures on a regular basis to the Chief Risk Officer and Firm Risk Management. CRM also interacts with business units to ensure that credit risk assessments are factored into business decisions.This role is responsible for credit coverage of a private bank residential mortgage portfolio. The principal responsibilities include monitoring portfolio loan performance, default tracking, ad hoc portfolio analysis, and providing regular reports in response to internal and external audit requests.Primary Responsibilities- Responsible for credit coverage of a residential mortgage lending portfolio- Regularly track and report on performance of mortgage loans including delinquency, debt-to-income ratios, loan-to-values and climate related risks - Conduct due diligence on problem loans, modification requests, forbearances and loans impacted by physical risk events - Make timely recommendations regarding changes in regulatory loan classifications, CRM Watchlist, and Accounting Standard Updates- Prepare regular presentations summarizing portfolio data, trends and potential risks for FRM senior leadership and various credit committees- Ensure data integrity of the portfolio reports by working with stakeholders in various departments including finance, FRM reporting and business unit analytics Experience- Bachelor's degree required- Minimum 3-5 years of experience in covering residential or commercial real estate in Credit Risk- Strong analytical skills including the ability to analyze large datasets of property information and loan data attributes- Strong written communication and presentation skills including strong proficiency in Microsoft PowerPoint and Excel- Excellent organization skills and the ability to multitask with an interest in working in a fast-paced environment, often balancing multiple high priority deliverables WHAT YOU CAN EXPECT FROM MORGAN STANLEY: We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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 $100,000 and $140,000 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).

Posted 2 weeks ago

Morgan Stanley logo
Morgan StanleyNew York, New York
Firm Risk Management Firm Risk Management (FRM) supports Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, model and other risks. Background on the Position The role will reside within the Firm Risk Management's Credit Risk Management area which is a team dedicated to evaluating credit risk transactions considering the availability and appropriateness of arrangements for reducing risk or risk mitigation. The department also assigns Internal Credit Ratings; establishes and manages credit risk limits in accordance with the risk tolerance established by the Board; monitors and reports on credit risk exposures on a regular basis to the Chief Risk Officer and Firm Risk Management. CRM also interacts with business units to ensure that credit risk assessments are factored into business decisions.This is a multi-faceted role responsible for coverage of Commercial Real Estate (CRE) transactions secured on all property types. The principal responsibilities include the evaluation of new transactions, managing a rapidly growing portfolio of existing loans, and monitoring upcoming renewals and repayments. Primary Responsibilities - Responsible for Credit coverage of the Institutional Securities Group (ISG) CRE business- Partnering with senior business unit members and interacting with clients in due diligence meetings- Training and development of junior team members- Ensuring timely review of new transactions as well as annual reviews of existing loans by the credit coverage team, maintaining consistent high-quality documentation, and liaising with internal and external stakeholders including regulators.- Present transactions to Firm approval committees, as applicable, and participate in a quarterly review of higher risk loans. - Bachelor's Degree- Minimum 5 years of experience in a similar credit role- Significant experience in commercial real estate lending and credit underwriting- Have a good knowledge of typical CRE transaction structures, documentation, and the lending process- The ability to effectively communicate with a wide range of stakeholders, both written and verbally- Strong attention to detail and ability to provide information in usable formats- An interest in working in a fast-paced environment, often balancing multiple high priority deliverables- Curiosity and self-motivation to develop expertise in commercial real estate products, markets, and risk management practice- Track record of presenting on CRE topics to senior managementFRM is committed to creating and providing opportunities that enable our workforce to reflect diverse backgrounds and views. WHAT YOU CAN EXPECT FROM MORGAN STANLEY: We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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 $120,000 and $205,000 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).

Posted today

Morgan Stanley logo
Morgan StanleyNew York, New York
Firm Risk ManagementFirm Risk Management (FRM) supports Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, operational, model and other risks.Background on the Position The role will reside within the Firm Risk Management's Credit Risk Management (CRM) department on the Credit Risk Data Control (CRDC) team. CRDC plays a pivotal role in supporting CRM in credit risk analysis and limits monitoring. The team is also responsible for credit data management, credit policy/procedure implementation, portfolio and single name monitoring (credit limits monitoring/reporting/escalation), Regulatory reporting, and process change management.CRDC is currently seeking an Associate level candidate to join the team based in New York. The candidate must have strong business knowledge, technical skills, process management skills, and must be able to develop strong working relationships as he/she will work closely with several other areas (such as IT and Business Units).Primary Responsibilities- Supporting credit professionals in the monitoring of Morgan Stanley's credit exposure against the Firm's pre-defined policy limits- Enhancing and implementing data quality control processes- Assisting the team in meeting Regulatory Reporting requirements such as BIS and CCAR- Maintaining an active dialogue and acting as a liaison between Credit Department, IT, Operations and Business Units in resolving identified data quality issues- Assisting and supervising the team in its day to day Run The Bank tasks- Representing the team in projects that require Credit Data Control team participation- Assisting in the design, development, and implementation of new system solutions - Undergraduate degree- Familiarity with fixed income and equity derivatives, and other traded securities- Self-motivator and team player with strong interpersonal skills- Superior written and verbal communication skills- Ability to manage dynamic priorities with attention to detail- Ability to meet deadlines and deliver quality work in a fast-paced environment- Strong analytical and problem-solving skills- Strong proficiency with Microsoft Office, including Excel, PowerPoint, and Outlook- Strong proficiency with SQL and/or VBA- 4-5+ years of experience in risk management or finance involving data analysis and process management with good knowledge of Credit products.- Experience in system development and project management- Good working knowledge of databases- Experience with Regulatory Reporting (CCAR, Stress testing, Regulatory Capital, BIS) WHAT YOU CAN EXPECT FROM MORGAN STANLEY: We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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 $100,000 and $140,000 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).

Posted 2 days ago

M logo
MS Services GroupNew York, New York
Firm Risk Management Morgan Stanley's Firm Risk Management (FRM) Division is an exciting and rapidly growing space. We support Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, model and other risks. Background on the Position The role is within Firm Risk Management's Risk Analytics. Risk Analytics develops market risk, credit risk and scenario analytics models. These mathematical and statistical models provide an overall calculation of market risk across asset classes (e.g. equities, interest rate instruments), the calculation of risk in a time of increased economic stress (i.e. stress testing), and the generation of scenarios associated with increased economic stress. Morgan Stanley is seeking a Vice President to join the Market Risk Analytics Stress RWA Models Team as a methodology owner/contributor to the Stress RWA family of models. The Stress RWA models are used to project VaR-, Stressed VaR-, IRC-, and RNIV-based capital under stressed market conditions within the context of annual CCAR exercises, quarterly stress testing, and Recovery & Resolution Planning (RRP) exercises. The New Hire will be responsible for all aspects of model ownership including methodology design, calibrations, testing, monitoring, model risk validation work, executing model enhancements, and model documentation. New Hire will also contribute to the development of Python libraries used to perform associated analytics for this family of models. Primary Responsibilities: - Contribute to all aspects of model ownership - methodology design, calibrations, testing, monitoring, model validations, model enhancements, and methodology documentation - Effectively collaborate with the Capital Team, Risk IT Team, Model Risk Management, and other partnering areas to deliver on stress testing exercises and execute strategic enhancements to the models - Develop Python analytical code for testing and performance monitoring of Stress RWA models - Run model monitoring analytics, and present results to Model Risk Management, and relevant governance forums - Effectively represent/communicate modelling methodology and output analytics to a wider audience of stakeholders, senior managers, and governance forums Required Experience/Skills: - Requires a Master's degree in a quantitative field such as Quantitative Finance, Physics, Mathematics, Engineering, Computer Science; and five (5) years of relevant work experience - Knowledge of market risk modelling methodologies (Greek-based value-at-risk (VaR), stressed VaR, and incremental risk charge) required - Strong Python programming skills and packages used for data manipulation, time series and data analysis strongly preferred - Trading markets knowledge within the FX, rates, credit, equity, commodity space strongly preferred - Strong written and verbal communication skills essential - Project organizational competency and team leadership skills essential Firm Risk Management values diversity and is committed to providing a supportive and inclusive workplace for all employees. This role is hybrid and currently requires in office attendance 3 days/week. The in office requirement is subject to change at any time. WHAT YOU CAN EXPECT FROM MORGAN STANLEY: We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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. 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).

Posted 30+ days ago

M logo
MS Services GroupBaltimore, Maryland
JOB LEVELAssociate (Professional)TIERNAWe're seeking someone to join our team as a Model Risk Management Associate, Generative AI. Morgan Stanley's Model Risk Management team is seeking a talented professional for our Budapest office. This role is pivotal in reviewing Generative AI (GenAI) use cases developed by various business units. In the Firm Risk Management division, we advise businesses across the Firm on risk mitigation strategies, develop tools to analyze and monitor risks and lead key regulatory initiatives. The Model Risk Management group is part of the Global Firm Risk Management (FRM) department of Morgan Stanley and it has global responsibility for the independent risk control, review and validation of models used by Morgan Stanley. These include pricing models for derivatives in all asset classes, as well as models used for counterparty credit risk (CVA), market risk, credit risk, operational risk, wealth management products, and capital and liquidity stress tests. In addition to traditional methodologies, MRM also reviews AI and ML models, and GenAI solutions. MRM professionals in New York, London, Budapest, Frankfurt, Mumbai and Tokyo work closely with business capital, risk analytics, risk managers and financial controllers. The Budapest team works closely with other members of the Model Risk Management group on model issues across all asset classes globally.Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.What you'll do in the role:Conduct review for GenAI use cases across different functional areas and challenge aspects such as inputs, outputs, evaluations, usage, prompts, testing design and performances, and ongoing monitoring planCultivate and manage positive relationships with GenAI use case developers, Firmwide AI, Non-Financial Risk and other control functions Stay up to date on key developments in the rapidly emerging area of GenAI, including foundation models, evaluation frameworks and emerging governanceContribute to provide input to discussions with senior management and regulatorsWhat you'll bring to the role: MSc in STEM or Finance or equivalent. At least 1-3 years of working experience in GenAI (LLMs and their applications), Machine Learning, Artificial Intelligence, or Natural Language Processing in either model development or model validation. Genuine and broad interest in financial markets; internal drive to effectively challenge and improve models with a quantitative and practical mindsetStrong interpersonal and communication skillsExperience with programming in a high-level language such as Python is a plus. WHAT YOU CAN EXPECT FROM MORGAN STANLEY: We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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. Salary range for the position: [$80 000 - $115 000/] Yr. The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and X Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings. 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).

Posted 4 weeks ago

Morgan Stanley logo
Morgan StanleyNew York, NY
Position Summary Morgan Stanley is seeking a Vice President for the Risk Capital group, based in New York. Risk Capital, which is part of the Risk Management Department, is responsible for the risk-based assessments required for regulatory capital calculations. This position requires strong risk management mindset and excellent leadership and organizational and analytical skills. The successful candidate for this role will lead a team responsible for regulatory capital assessments and oversight for securitization and lending products, assess new transactions, review regulatory requirements, implement new processes and contribute to a wide variety of projects and initiatives. 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 > Lead the Risk Capital Securitization and Lending team responsible for RWA calculations and transaction reviews, regulatory initiatives and process and rule implementation > Own the review, analysis and ongoing monitoring of securitization and lending regulatory capital positions > Provide expertise in securitization, informing capital treatment against regulatory rules, management discussions and business advisory > Provide clear and concise presentations and responses to information requests from senior management and regulatory authorities > Contribute to efficiencies and process enhancements related to ongoing analysis and reporting, maintaining robust processes and controls, including the design, development and implementation of strategic system changes and data provision > Foster productive relationships with stakeholders across the Firm, including Business Units, Finance, Risk Analytics, Credit Risk and Regulatory Policy > Perform regulatory and capital analysis of new products and proposals and provide recommendations to management. Support business decision making by providing these evaluations > Keeping abreast of global regulatory capital rules and business developments Skills/Experience required > Understanding of Securitization and Lending fundamentals across wholesale and retail products, including [traded products, contractual agreements, collateral management, risk data and metrics, risk and capital models/methodologies, and risk systems] > Highly organized and detail-oriented, with the ability to think strategically, manage complex projects and competing priorities, and deliver results in a fast-paced, dynamic environment > Quantitative/analytical background (e.g. finance, accounting, mathematics, STEM, law, economics, etc.) > Experience with the current and evolving Global/Basel Risk capital calculations, process and governance expectations > Excellent communication and stakeholder management skills, with the ability to influence and collaborate with management and cross-functional teams > Experience managing a multi-functional and cross-regional team > Five+ years of experience in related roles in a similarly complex institution WHAT YOU CAN EXPECT FROM MORGAN STANLEY: We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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 $120,000 and $205,000 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).

Posted 30+ days ago

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Risk Analytics (Risk Management) : Job Level - Vice President

Morgan StanleyNew York, New York

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Job Description

Firm Risk ManagementFirm Risk Management supports Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, operational, model and other risks.Background on the PositionThe role will reside within the Firm Risk Management's Risk Analytics area. Risk Analytics develops market risk analytics, credit risk analytics, operational risk analytics and scenario analytics models providing quantitative analysis on the Firm's risk exposures. By developing mathematical and statistical models with risk overlays, Risk Analytics calculates the risks associated with specified sets of financial positions and day-to-day operations.

Morgan Stanley is seeking a strong VP level candidate to join its Credit Exposure Methodology Group (CEMG), in FRM's Risk Analytics. The CEMG is responsible for the development of Counterparty Credit Risk Models used for both regulatory capital calculations and internal risk management. This role will be within the CEMG US team, reporting to the US Head of CEMG based in New York City, focused on internal and regulatory initiatives in the US and working closely with the global CEMG function in the UK/EU, Budapest and Mumbai.

This individual will work closely with the various groups within the Credit Risk Management Department, Model Risk Management, Technology and Risk Governance in developing these counterparty credit risk models.

Primary Responsibilities- Develop, enhance and maintain Counterparty Credit Risk (CCR) methodology.- Develop models for portfolio analytics purpose, such as credit limit setting and stress limit setting.- Write high-quality model documentation that satisfies the firm's internal model approval functions, audit requirements, and the Firm's regulators (e.g., FRB, OCC, SEC, etc.).- Closely work with other teams within FRM to provide regular ongoing model performance assessments, hypothetical risking analysis and override monitoring. Review analysis results with senior management and provide recommendations.- Working in an advisory capacity with local/global risk managers and Front Office stakeholders to ensure risk is appropriately captured.- Develop analytical tools to support to other teams within Firm Risk Management. ExperienceApplicants must have either graduated from a four-year accredited university with a quantitative major such as Math / Physics / Statistics / Econometrics /Engineering / Computer Science.- 5 to 10 years work experience in a quantitative research group at a commercial bank, investment bank, or consulting firm- Quantitative skills especially in the area of Monte Carlo simulation, derivatives pricing, hypothesis testing and regression- Strong skills in communication, critical thinking, and problem solving and collaboration- Curious about risk management, financial products, markets, and regulation- An interest in a fast-paced environment, often balancing multiple high priority deliverables- Strong attention to detail and ability to provide information in usable formats- Familiarity with coding languagesFirm Risk Management values diversity and is committed to providing a supportive and inclusive workplace for all employees.This role is hybrid and currently requires in office attendance 3 days/week. The in office requirement is subject to change at any time.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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 $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).

Automate your job search with Sonara.

Submit 10x as many applications with less effort than one manual application.

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