Risk Management, XVA Risk Manager

Risk Management, XVA Risk Manager, Associate
London 
JR031351

The Market Risk Management Division (MRD) is responsible for the independent identification, analysis, reporting and escalation of all market risk exposures arising from EMEA business activities, acting independently of business management and providing an effective challenge process. The role will reside within FRM's Market Risk Department covering XVA Risk Management across Fixed Income and Equity Derivatives activities. XVA Risk coverage includes CVA (Credit Valuation Adjustment), FVA (Funding Valuation Adjustment) and other related/emerging VAs.

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.

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 ethic. We can provide a superior foundation for building a professional career – a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

What will you be doing?
• Identify, assess, report and monitor XVA market risks across a diversified portfolio including real time involvement in the approval of complex and large transactions, analyzing trading/hedging strategies, assessing material weaknesses or overlooked risks and understanding PnL drivers
• Ownership, implementation and maintenance of the market risk framework including limits, market risk models (VaR and other) and stress testing, ensuring alignment with industry best practices, regulatory standards and firm objectives
• Involvement in the development of risk methodologies, tools and system improvements, ensuring models and methodologies are fit for purpose
• Communicate key risks to senior management and escalate emerging or developing risks in a timely manner
• Collaborate effectively with a diverse set of stakeholders including: Sales and Trading, Business Unit Risk Management, Desk Strategists, Finance, Compliance, Technology and Operations
• Drive strategic change across multiple initiatives ensuring timely and effective deliverables
• Contribute to regulatory driven deliverables

What we’re looking for:
• Degree, or equivalent, in a quantitative subject, mathematics, statistics or engineering 
• Financial product knowledge is required, including an understanding of risk representations (including Greeks) and a solid understanding of risk management concepts such as VaR, stress testing and scenario analysis. Knowledge in either Equities or Fixed Income Products and Markets (XVA market risk experience preferred) 
• Strong organizational skills with an interest in working in a fast-paced environment, often balancing multiple high priority deliverables
• Ability to effectively communicate with a wide range of stakeholders, both written and verbally.
• Attention to detail and ability to provide information in usable formats (proficiency in Microsoft office, including Excel, PowerPoint and Word)

Skills that will help you in the role:
• Ability to work independently in a self-directed way in a collaborative, team-oriented environment

Where will you be working?
This role is based at 20 Bank Street, London.

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.

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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.