Fixed Income Counterparty Risk – Associate (London)
The Firm is seeking a Counterparty Risk Manager for Fixed Income. This is a front office (first line of defense) risk manager role that involves regular interaction with Sales & Trading, COOs, Risk Management divisions, Operations. The person will have the chance to strengthen expertise on Fixed Income products and market, as well us understanding of Global Markets business practices. The person will work closely with the rest of the team but is expected to be comfortable to lead tasks independently.
About Morgan Stanley
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.
As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethics. We can provide a superior foundation for building a professional career – a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
The Fixed Income Division is comprised of Interest Rate and Currency Products, Credit Products and Distribution. Professionals in the Division assess and actively manage risk, trade securities, and structure as well as execute innovative transactions in the fast-paced and constantly changing global markets. The Commodities Division is a market leader across a broad range of commodities markets, with expertise in areas including client risk management, financing solutions and investor products Sales & Trading.
What will you be doing?
- Perform Initial Margin Calculation for all FI products as well as Commodities and Repos
- Be point of contact to explain Initial Margin calculation to both internal stakeholders (Sales & Trading) as well as hedge fund clients
- Ad Hoc risk analysis in response to market events, emerging risks, or in response to client-related developments
- Actively track the daily stress loss scenarios and investigate drivers of risk on client’s portfolios
- Assist in methodology and research related to risk models (e.g. VAR, SIMM)
- Represent the Business Control Unit at cross-functional working groups and engage in extensive project work.
- Provide oversight of the daily margin call dispute investigations and decide when to escalate to Management
- Provide oversight of the daily settlement fails investigations and decide when to escalate to Management
What we’re looking for:
- Master’s degree in financial engineering (or similar quantitative subject)
- Prior experience in a Structuring, Strat/Quant, XVA or Market Risk/Counterparty Risk
- Expert knowledge of Fixed Income products
- Experience of building models for trading and risk management.
- Knowledge of Excel. Knowledge of programming languages (e.g. Python) is a plus.
- Willing and eager to learn and work with different teams and divisions of the Firm
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WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.
To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.
Certified Persons Regulatory Requirements:
If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.
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.
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.
