IED, Counterparty Risk Manager - Associate
Job Number: 3262855 POSTING DATE: Nov 26, 2024 PRIMARY LOCATION: Europe, Middle East, Africa-United Kingdom-United Kingdom-London JOB: Investment Banking/Sales/Trading/Research EMPLOYMENT TYPE: Full Time JOB LEVEL: Associate DESCRIPTION The Institutional Equity Division (IED) is a global leader in the origination, distribution and trading of equity, equity-linked and equity-derivative securities. The Firm’s equity Sales & Trading operations provide liquidity, distribute content, and create product solutions to help our clients generate alpha. The Equity Financing Products department acts as a strategic partner to more than 800 top hedge fund managers: executing and clearing trades across asset classes, time zones, and currencies; providing financing and expertise to help manage risk and benefit from technology; and consults to help launch new funds and connect them with potential investors. Currently we are seeing an experienced Associate level candidate to join the Counterparty Risk team in London. This team is responsible for monitoring and managing the market risk of multi-asset portfolios in Prime Brokerage, Listed Derivatives, OTC cleared derivatives, and FX Prime Brokerage on both an intraday and overnight risk basis. Our client base includes large institutional fund managers, hedge funds, CTAs, market makers, international corporations and broker dealers. What will you be doing? Perform risk analysis of global multi-asset portfolios to assess market and liquidity risks, with focus on equities, rates, commodities, FX and credit. Manage risk identification of model and portfolio assumptions, market inputs, pricing issues, and drive understanding of the design of respective risk measurement methodologies including VaR, stress testing, scenario analysis, liquidity analysis, and more. Participate in the client onboarding process including due diligence calls, sample portfolio analysis, documentation negotiation, and more. Maintain regular client dialogue on proposed portfolios or limit requests and be articulate Morgan Stanley’s margin methodologies and risk management approach. Work closely with Trading, Sales, Credit, and IT teams to ensure market risks are fully understood, captured and approaches challenged where necessary. Engage market experts to develop views of market conditions, ensuring deep understanding of inherent risk and be able to explain concisely to internal decision makers and interested external parties, such as regulators, if required. Interact regularly with exchanges and CCPs to understand drivers of exchange margin methodologies and be an advocate for improvements where necessary. QUALIFICATIONS What we’re looking for: Strong quantitative and analytical skills required. Advanced degree in economics, finance, mathematics, statistics or related field preferred. 3+ years of experience in the financial services industry, with experience in a similar risk role and/or experience in Prime Brokerage or Derivatives. Product knowledge in Listed Derivatives and OTC Clearing including futures, options, interest rate swaps, inflation swaps and credit default swaps. An understanding of the regulatory requirements applicable to the futures markets, and a broad knowledge of the trading, operational, and risk management practices within an FCM and/or broker-dealer. Ability to self-manage priority queues and operate effectively with limited supervision. Strong interpersonal, verbal and written communication skills with a high level of intellectual curiosity for markets. Candidate must be able to communicate in a concise and articulate manner to internal stakeholders across the organization as well as clients, CCPs, and regulators. Advanced Excel skills required, Python skills a plus. Where will you be working? This role is based in 20 Bank Street, London Flexible work statement: Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more. Equal opportunities statement: Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.
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Job Number: 3262855 POSTING DATE: Nov 26, 2024 PRIMARY LOCATION: Europe, Middle East, Africa-United Kingdom-United Kingdom-London JOB: Investment Banking/Sales/Trading/Research EMPLOYMENT TYPE: Full Time JOB LEVEL: Associate DESCRIPTION The Institutional Equity Division (IED) is a global leader in the origination, distribution and trading of equity, equity-linked and equity-derivative securities. The Firm’s equity Sales & Trading operations provide liquidity, distribute content, and create product solutions to help our clients generate alpha. The Equity Financing Products department acts as a strategic partner to more than 800 top hedge fund managers: executing and clearing trades across asset classes, time zones, and currencies; providing financing and expertise to help manage risk and benefit from technology; and consults to help launch new funds and connect them with potential investors. Currently we are seeing an experienced Associate level candidate to join the Counterparty Risk team in London. This team is responsible for monitoring and managing the market risk of multi-asset portfolios in Prime Brokerage, Listed Derivatives, OTC cleared derivatives, and FX Prime Brokerage on both an intraday and overnight risk basis. Our client base includes large institutional fund managers, hedge funds, CTAs, market makers, international corporations and broker dealers. What will you be doing? Perform risk analysis of global multi-asset portfolios to assess market and liquidity risks, with focus on equities, rates, commodities, FX and credit. Manage risk identification of model and portfolio assumptions, market inputs, pricing issues, and drive understanding of the design of respective risk measurement methodologies including VaR, stress testing, scenario analysis, liquidity analysis, and more. Participate in the client onboarding process including due diligence calls, sample portfolio analysis, documentation negotiation, and more. Maintain regular client dialogue on proposed portfolios or limit requests and be articulate Morgan Stanley’s margin methodologies and risk management approach. Work closely with Trading, Sales, Credit, and IT teams to ensure market risks are fully understood, captured and approaches challenged where necessary. Engage market experts to develop views of market conditions, ensuring deep understanding of inherent risk and be able to explain concisely to internal decision makers and interested external parties, such as regulators, if required. Interact regularly with exchanges and CCPs to understand drivers of exchange margin methodologies and be an advocate for improvements where necessary. QUALIFICATIONS What we’re looking for: Strong quantitative and analytical skills required. Advanced degree in economics, finance, mathematics, statistics or related field preferred. 3+ years of experience in the financial services industry, with experience in a similar risk role and/or experience in Prime Brokerage or Derivatives. Product knowledge in Listed Derivatives and OTC Clearing including futures, options, interest rate swaps, inflation swaps and credit default swaps. An understanding of the regulatory requirements applicable to the futures markets, and a broad knowledge of the trading, operational, and risk management practices within an FCM and/or broker-dealer. Ability to self-manage priority queues and operate effectively with limited supervision. Strong interpersonal, verbal and written communication skills with a high level of intellectual curiosity for markets. Candidate must be able to communicate in a concise and articulate manner to internal stakeholders across the organization as well as clients, CCPs, and regulators. Advanced Excel skills required, Python skills a plus. Where will you be working? This role is based in 20 Bank Street, London Flexible work statement: Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more. Equal opportunities statement: Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.
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