Associate - PB & Client Clearing - Credit Risk (Firm Risk Management)
- Employer
- Morgan Stanley
- Location
- Mumbai Mumbai Maharashtra, Maharashtra, India
- Salary
- Competitive Salary
- Closing date
- Sep 19, 2024
View moreView less
- Job Role
- Risk Manager
- Sector
- Finance
- Contract Type
- Permanent
- Hours
- Full Time
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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.
Firm Risk Management:
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, model and other risks.
Department Profile:
Credit Risk Management (CRM) provides independent oversight of the Firm's credit risks and acts as the guardian of the Firm's capital. We evaluate credit risk transactions and approve, reject, or modify them based on their overall risk profile together with the availability and appropriateness of arrangements for reducing or mitigating credit risk. We assign Internal Credit Ratings which quantify the level of risk; establish and manage credit risk limits in accordance with the risk tolerance established by the Board; and monitor and report on credit risk exposures on a regular basis to the Chief Risk Officer and senior management. We also interact with business units to ensure that credit risk assessments are factored into business decisions.
Background on the Position :
CRM seeks an Associate for Counterparty Credit portfolio analysis team to support the Firm's risk management of Prime Brokerage and Client Clearing activities. This role will work closely with global risk management teams, conducting recurring and ad-hoc analysis to support senior management decision making related to the Firm's credit portfolio.
The role will provide in-depth credit risk exposure analyses and risk insights for the Prime Brokerage and Client Clearing portfolios. The candidates will work closely with Credit Coverage officers, the Enterprise Credit Portfolio team, Business Units, and other Risk functions.
Primary Responsibilities :
- Analyze and explain period over period exposure changes across a range of Counterparty credit risk measures, stressed exposures, and risk sensitivities relevant to the portfolio
- Oversee the preparation and execution of recurring weekly, monthly, and quarterly analysis, reporting and monitoring on the Counterparty portfolio
- Conduct ad-hoc analysis based on emerging risk trends or at the request of senior management or regulatory requests
- Review daily exposure and collateral changes, including identification of tail risks and concentration build-ups, particularly in relationship to current market events
- Partner with 1st Line and 2nd Line risk managers to prepare portfolio reviews
- Automate and/or work closely with Reporting teams to automate recurring analysis. In addition, prepare ad-hoc analyses and prototype potential new reports
- Collaborate with Data Control, Credit Risk Agile IT squads, Credit Officers and Business Unit representatives, to ensure new and emerging data required for portfolio analysis is on-boarded into credit risk systems
Skills/Experience :
- Undergraduate degree and minimum 4.5 years of experience at a large financial services firm, including experience with portfolio level risk analysis and reporting
- Deep understanding of and specific experience with Prime Brokerage or Client Clearing products, derivatives
- Bachelor's degree from an accredited university; CFA and/or FRM / PRM preferred
- Strong verbal and written communication skills, including delivering effective presentations to senior management
- Familiarity with derivative trades that generate Counterparty Risk across different asset classes like Rates, FX, Credit, Equities and Commodities especially in Prime Brokerage and Client Clearing Businesses
- Strong technical skills, including comfort working with large datasets via SQL; experience with VBA or Python; strong PowerPoint skills; familiarity with business intelligence tools such as PowerBI, Tableau is advantageous
- Experience and willingness to collaborate with colleagues in other geographic locations
- Ability to multi-task and meet deadlines, deliver quality with keen attention to detail
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.
Job: *Credit Risk
Title: Associate - PB & Client Clearing - Credit Risk (Firm Risk Management)
Location:
Non-Japan Asia-India-India-Mumbai (MSA)
Requisition ID: 3256707
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.
Firm Risk Management:
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, model and other risks.
Department Profile:
Credit Risk Management (CRM) provides independent oversight of the Firm's credit risks and acts as the guardian of the Firm's capital. We evaluate credit risk transactions and approve, reject, or modify them based on their overall risk profile together with the availability and appropriateness of arrangements for reducing or mitigating credit risk. We assign Internal Credit Ratings which quantify the level of risk; establish and manage credit risk limits in accordance with the risk tolerance established by the Board; and monitor and report on credit risk exposures on a regular basis to the Chief Risk Officer and senior management. We also interact with business units to ensure that credit risk assessments are factored into business decisions.
Background on the Position :
CRM seeks an Associate for Counterparty Credit portfolio analysis team to support the Firm's risk management of Prime Brokerage and Client Clearing activities. This role will work closely with global risk management teams, conducting recurring and ad-hoc analysis to support senior management decision making related to the Firm's credit portfolio.
The role will provide in-depth credit risk exposure analyses and risk insights for the Prime Brokerage and Client Clearing portfolios. The candidates will work closely with Credit Coverage officers, the Enterprise Credit Portfolio team, Business Units, and other Risk functions.
Primary Responsibilities :
- Analyze and explain period over period exposure changes across a range of Counterparty credit risk measures, stressed exposures, and risk sensitivities relevant to the portfolio
- Oversee the preparation and execution of recurring weekly, monthly, and quarterly analysis, reporting and monitoring on the Counterparty portfolio
- Conduct ad-hoc analysis based on emerging risk trends or at the request of senior management or regulatory requests
- Review daily exposure and collateral changes, including identification of tail risks and concentration build-ups, particularly in relationship to current market events
- Partner with 1st Line and 2nd Line risk managers to prepare portfolio reviews
- Automate and/or work closely with Reporting teams to automate recurring analysis. In addition, prepare ad-hoc analyses and prototype potential new reports
- Collaborate with Data Control, Credit Risk Agile IT squads, Credit Officers and Business Unit representatives, to ensure new and emerging data required for portfolio analysis is on-boarded into credit risk systems
Skills/Experience :
- Undergraduate degree and minimum 4.5 years of experience at a large financial services firm, including experience with portfolio level risk analysis and reporting
- Deep understanding of and specific experience with Prime Brokerage or Client Clearing products, derivatives
- Bachelor's degree from an accredited university; CFA and/or FRM / PRM preferred
- Strong verbal and written communication skills, including delivering effective presentations to senior management
- Familiarity with derivative trades that generate Counterparty Risk across different asset classes like Rates, FX, Credit, Equities and Commodities especially in Prime Brokerage and Client Clearing Businesses
- Strong technical skills, including comfort working with large datasets via SQL; experience with VBA or Python; strong PowerPoint skills; familiarity with business intelligence tools such as PowerBI, Tableau is advantageous
- Experience and willingness to collaborate with colleagues in other geographic locations
- Ability to multi-task and meet deadlines, deliver quality with keen attention to detail
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.
Job: *Credit Risk
Title: Associate - PB & Client Clearing - Credit Risk (Firm Risk Management)
Location:
Non-Japan Asia-India-India-Mumbai (MSA)
Requisition ID: 3256707
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