ISG Counterparty Risk Manager - Associate

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.
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.

Department Profile
The Institutional Securities Group (ISG) division at Morgan Stanley is a global leader in Institutional Equities, Fixed Income and Investment Banking products and services.  
We are seeking an experienced Associate level candidate to join the ISG Counterparty Risk team in our 1585 Broadway office in New York.  This team is responsible for monitoring and managing the counterparty risk of multi-asset portfolios in Prime Brokerage, Listed Derivatives, OTC Cleared Derivatives, and OTC Bilateral Equity and Fixed Income Derivatives.  Our client base includes large institutional fund managers, hedge funds, market makers, international corporations and broker dealers.

Primary Responsibilities
•    Perform monitoring and risk analysis of global multi-asset portfolios to assess credit and market risks, with a focus on large client exposures that span across multiple Firm businesses and products.
•    Execute framework to measure collateral shortfalls with margined clients
•    Escalate material margin calls to ISG Management and manage their resolution
•    Own forums to socialize material counterparty exposures with Senior ISG Management and 2nd line Risk Management
•    Serve as the central point of coordination for distressed and defaulted counterparties.  Aid active decision making around liquidation of client portfolios.  Run table top exercises across ISG to enhance closeout procedures
•    Provide advice and approvals on complex trade structures.  Own forum to define counterparty documentation framework and approve exceptions
•    Execute regulatory agenda for counterparty and documentation related engagements
•    Manage Firm’s margin models including SIMM Model, which is used for compliance with global Uncleared Margin Rules.  
•    Run ISG Margin and Stress Test Model Governance Committee
•    Work closely with senior ISG management, senior Institutional Equities and Fixed Income business unit management, business unit counterparty risk teams, 2nd Line Credit Risk, and IT teams to ensure counterparty risks are fully understood, captured and approaches are challenged where necessary

Qualifications
•    Strong quantitative and analytical skills required. Advanced degree in economics, finance, mathematics, statistics or related field preferred.
•    2+ years of experience in the financial services industry, with experience in a similar risk role and/or experience in Institutional Equities, or Fixed Income.
•    Product knowledge in equities and fixed income products
•    Ability to effectively prioritize work and operate with limited supervision
•    Strong interpersonal, verbal and written communication skills. Candidate must be able to communicate in a concise and articulate manner to internal stakeholders across the organization 
•    Advanced Excel skills required
 

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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.

Expected base pay rates for the role will be betwee