Morgan Stanley Services Group Inc. seeks to fill the position of Associate in New York, NY.
Perform analysis of the potential risks and rewards for large corporate derivative and exotic derivative transactions. Conduct in-depth analysis of trading desk activities to quantify, assess, and communicate risks to senior leadership on an ongoing, real-time basis. Monitor risks relating to U.S. legal entities with a particular focus on the identification of exposures and vulnerabilities. Perform analyses of stress scenarios, including design and validation, to assess potential losses the bank may face during a market selloff. Oversee the monitoring and enhancement of reporting capabilities of commodities exposure within the Equities business. Review VaR to ensure accuracy and identify drivers of changes, monitor risk limits, highlight, and resolve limit overages partnering with Business Unit and desks. Review of risk metrics and results of various market risk models to ensure appropriate capture of exposures and compliance with regulatory requirements, such as the Fundamental Review of Trading Book (FRTB).
Salary: Expected base pay rates for the role will be between $130000 and $140000 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.
Requirements
Requires a Master's degree in Finance, Financial Risk Management, or a related field plus two (2) years of experience in the position offered or two (2) years of experience as an Analyst, or a related occupation. Two (2) years of experience: Utilizing a quantitative approach to analyze global financial
markets and products; Leveraging option theory and greeks to assess multiple risk factors across asset classes including equities, commodities, rates; Reviewing risks associated with structured and non-linear products; Analyzing and recommending approval of large corporate transactions including Margin Loans, Barrier options and QIS indices; Utilizing risk management techniques and processes including VaR, RNIV, stress testing design and validation, and back testing; Programming in SQL and Python to develop reports that give visibility to hidden risks; Collaborating across functional teams to deliver and test regulatory projects including for CCAR and FRTB; applying knowledge of stochastic calculus in derivatives pricing models; Performing P&L analysis and derivatives attribution; and Performing stress testing and scenario design that meet to regulatory requirements.
Qualified Applicants: To apply, visit us at https://ms.taleo.net/careersection/2/jobsearch.ftl?lang=en Scroll down and enter 3245110 as the “Job Number” and click “Search jobs.” No calls please. EOE
Posting Date
Jun 28, 2024
Primary Location
Americas-United States of America-New York-New York
Job
Risk Management
Employment Type
Full Time
Job Level
Associate
Perform analysis of the potential risks and rewards for large corporate derivative and exotic derivative transactions. Conduct in-depth analysis of trading desk activities to quantify, assess, and communicate risks to senior leadership on an ongoing, real-time basis. Monitor risks relating to U.S. legal entities with a particular focus on the identification of exposures and vulnerabilities. Perform analyses of stress scenarios, including design and validation, to assess potential losses the bank may face during a market selloff. Oversee the monitoring and enhancement of reporting capabilities of commodities exposure within the Equities business. Review VaR to ensure accuracy and identify drivers of changes, monitor risk limits, highlight, and resolve limit overages partnering with Business Unit and desks. Review of risk metrics and results of various market risk models to ensure appropriate capture of exposures and compliance with regulatory requirements, such as the Fundamental Review of Trading Book (FRTB).
Salary: Expected base pay rates for the role will be between $130000 and $140000 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.
Requirements
Requires a Master's degree in Finance, Financial Risk Management, or a related field plus two (2) years of experience in the position offered or two (2) years of experience as an Analyst, or a related occupation. Two (2) years of experience: Utilizing a quantitative approach to analyze global financial
markets and products; Leveraging option theory and greeks to assess multiple risk factors across asset classes including equities, commodities, rates; Reviewing risks associated with structured and non-linear products; Analyzing and recommending approval of large corporate transactions including Margin Loans, Barrier options and QIS indices; Utilizing risk management techniques and processes including VaR, RNIV, stress testing design and validation, and back testing; Programming in SQL and Python to develop reports that give visibility to hidden risks; Collaborating across functional teams to deliver and test regulatory projects including for CCAR and FRTB; applying knowledge of stochastic calculus in derivatives pricing models; Performing P&L analysis and derivatives attribution; and Performing stress testing and scenario design that meet to regulatory requirements.
Qualified Applicants: To apply, visit us at https://ms.taleo.net/careersection/2/jobsearch.ftl?lang=en Scroll down and enter 3245110 as the “Job Number” and click “Search jobs.” No calls please. EOE
Posting Date
Jun 28, 2024
Primary Location
Americas-United States of America-New York-New York
Job
Risk Management
Employment Type
Full Time
Job Level
Associate
-
Seniority level
Not Applicable -
Employment type
Full-time -
Job function
Management, Finance, and Analyst -
Industries
Financial Services, Investment Banking, and Investment Management
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