Market Risk (Risk Management)

at  Morgan Stanley

Market Risk (Risk Management)
Job Number:

3259952
POSTING DATE: Oct 2, 2024
PRIMARY LOCATION: Europe, Middle East, Africa-United Kingdom-United Kingdom-London
EDUCATION LEVEL: Bachelor’s Degree
JOB: Market Risk
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Associate

DESCRIPTION

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 grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
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.
The EMEA Risk Management Division is responsible for the independent identification, analysis, reporting and escalation of risks including market, credit and operational risk, arising from the Firms business activities, acting independently of business management and providing an effective challenge process.
Morgan Stanley is seeking a Risk professional with experience in a multi-disciplined risk management function focused on the risks arising from the Firm’s electronic/algorithmic trading operations. The role will cover all risk aspects associated with electronic trading across asset classes. As member of our Global eTrading team, the role holder will interact closely with the equivalent teams in Asia and New York.

QUALIFICATIONS

What you’ll do in the role:

• Overall risk management and governance of Morgan Stanley’s Electronic Trading business across equities and fixed income
• Perform analysis and behavioral review of eTrading algorithms, including controls and testing methods
• Oversee eTrading limits and controls, including intraday monitoring and escalation, to ensure the business is taking risk consistent with the Firm’s strategy.
• Monitor and review Operational Risk Events and self-identified issues relating to or impacting eTrading
• Collaborate across a diverse set of stakeholders including Sales and Trading Business Units, Quantitative Strategists, Business Unit Risk Management, Compliance, Technology and Operations.
• Communicate key risks to senior management
• Contribute and support global and regional Risk governance committees, forums, and working groups
• Collaborate on eTrading risk management regulatory topics and contribute to implementing regulatory requirements
• More broadly, the role holder will contribute where appropriate, to regional or global Risk Department initiatives, projects, and home or host regulatory requests

FRM is committed to creating and providing opportunities that enable our workforce to reflect diverse backgrounds and views.

What you’ll bring to the role:

• Excellent academic background, including an advanced degree in a quantitative discipline, such as Economics, Finance, Sciences or Engineering
• Experience in a role with direct exposure to electronic trading (Risk Management, Technology, Operational Risk, etc.) and experience in algorithm development, including FIX messaging, market micro-structure, and market data is beneficial
• Good understanding of regulatory requirements for electronic trading, in particular those emanating from European regulatory authorities (e.g. MiFid II)
• Strong knowledge of financial products, including an understanding of risk representations (including greeks) and a solid understanding of risk management concepts as well as market dynamics
• Experience in working in cross-functional and cross-cultural working environments
• An interest in working in a fast-paced environment, often balancing multiple high priority deliverables
• The ability to effectively communicate with a wide range of stakeholders, both written and verbally

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.

What you’ll do in the role:

• Overall risk management and governance of Morgan Stanley’s Electronic Trading business across equities and fixed income
• Perform analysis and behavioral review of eTrading algorithms, including controls and testing methods
• Oversee eTrading limits and controls, including intraday monitoring and escalation, to ensure the business is taking risk consistent with the Firm’s strategy.
• Monitor and review Operational Risk Events and self-identified issues relating to or impacting eTrading
• Collaborate across a diverse set of stakeholders including Sales and Trading Business Units, Quantitative Strategists, Business Unit Risk Management, Compliance, Technology and Operations.
• Communicate key risks to senior management
• Contribute and support global and regional Risk governance committees, forums, and working groups
• Collaborate on eTrading risk management regulatory topics and contribute to implementing regulatory requirements
• More broadly, the role holder will contribute where appropriate, to regional or global Risk Department initiatives, projects, and home or host regulatory request

What you’ll bring to the role:

• Excellent academic background, including an advanced degree in a quantitative discipline, such as Economics, Finance, Sciences or Engineering
• Experience in a role with direct exposure to electronic trading (Risk Management, Technology, Operational Risk, etc.) and experience in algorithm development, including FIX messaging, market micro-structure, and market data is beneficial
• Good understanding of regulatory requirements for electronic trading, in particular those emanating from European regulatory authorities (e.g. MiFid II)
• Strong knowledge of financial products, including an understanding of risk representations (including greeks) and a solid understanding of risk management concepts as well as market dynamics
• Experience in working in cross-functional and cross-cultural working environments
• An interest in working in a fast-paced environment, often balancing multiple high priority deliverables
• The ability to effectively communicate with a wide range of stakeholders, both written and verball