<p>Firm Risk Management</p> <p>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.</p> <p>Background on the Position</p> <p>Morgan Stanley is seeking a highly motivated and team-oriented Market Risk Manager to join its Market Risk Department (MRD), based in New York. The traded credit products team has coverage responsibilities for the full spectrum of credit products and associated hedges traded within Morgan Stanley's Institutional Securities Group (ISG), including corporate credit cash & index across DM and EM countries, corporate credit options, corporate credit leveraged loans and loan hedges.</p> <p>Title: Vice President, Market Risk Department</p> <p>Role: North Americas Head of Micro Credit Trading</p> <p>Primary Responsibilities</p> <p>As MRD is charged with directly interacting with the Front Office, the candidate should have the risk management skills to monitor and manage market risks on a variety of products and have the strategic planning, direction, and communication skills to articulate risk decisions to the Front Office. The candidate should also be able to articulate the trading desk's risk profile, trading strategy and governance framework to senior management, the Firm's regulators and other internal control groups.</p> <p>The candidate will be responsible for directly managing a team of risk managers located across regions, making risk decisions and provide oversight and direction that align with the Firm's risk appetite and incentivizes appropriate risk-taking behavior. This also includes managing long term risk management projects across internal & external stakeholders such as regulators. The project oversight would involve reviewing and approving large or complex trades, designing, and setting risk limits and making decisions regarding capacity allocation of risk and stress capital usage. As the subject matter expert for the traded credit products business area, the candidate will be responsible for all projects involving Micro Credit Trading Flow products including but not limited to FRTB, VaR development and the creation of a stress testing framework that captures both systematic as well as idiosyncratic risks in the desk's portfolio. Experience</p> <p>> Experienced, self-motivated risk management professional with strong market risk & capital management principles who has experience in risk management decision making and enjoys collaborating with and influencing risk management and Front Office business teams on a daily basis.</p> <p>> Highly developed oral and written communication skills which can be used to prepare and present risk information to a variety of audiences including cross-departmental stakeholders and senior management of the Firm.</p> <p>> Prior experience with leading global team with leadership skills, managing cross-departmental projects, conducting performance reviews, providing constructive feedback, career development and hiring and recruitment is required.</p> <p>> Prior experience with Fixed Income products, preferably in traded credit including corporate credit cash & index, corporate credit options, and corporate credit leveraged loans.</p> <p>> Understanding of Fixed Income products, preferably in traded credit such as corporate credit cash, index and options and other complex credit or interest rate sensitive products.</p> <p>> Experience using a variety of inputs (scenario analysis, Value-at-Risk, stress testing, risk measures/Greeks, etc) to perform comprehensive risk analysis.</p> <p>> Proficient in using a variety of technology tools to analyze market risk, examples of which may include Excel, SQL, and statistical software packages such as python.</p> <p>> Bachelor's degree required; Master's degree and/or CFA and FRM is highly desirable.</p> <p>> Minimum of 5 years of experience.</p> <p>WHAT YOU CAN EXPECT FROM MORGAN STANLEY:</p> <p>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.</p> <p>Expected base pay rates for the role will be between $120,000 and $200,000 year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.</p> <p>Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.</p> <p>It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.</p> <p>Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).</p>