Associate
POSTING DATE: Mar 22, 2023
PRIMARY LOCATION: Americas-United States of America-New York-New York
JOB: Market Risk
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Associate
Morgan Stanley Services Group, Inc. seeks an Associate in New York, New York
Analyze large block trades and concentrated derivatives positions in order to gain a complete understanding of the risk and reward profile ahead of approval. Monitor intraday and end-of-day market risk, and P&L arising from the market making activity in equity and equity derivatives. Discuss with the trading desk and escalate to senior management in case of material risk changes or notable market events. Ad-hoc analysis on the risk of specific books in the equity division, highlighting the main sources of risk and potential stress scenarios. Be involved in stress testing processes, including risk identification, scenario design, regulatory documentation, and analysis of stress testing results. Analyze VaR levels and changes, including data quality checks to ensure correct risk representation. Participate in the development and monitoring of trading limit frameworks. Analyze risk profile of the Firm’s equity portfolio for CCAR 14Q and other regulatory reporting processes.
Salary: Expected base pay rates for the role will be between $137,000 and $140,000 per 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.
Requirements:
Requires a Master's degree in Finance, Economics, or a related field of study and two (2) years of experience in the position offered or two (2) years as an Analyst, or a closely related occupation. Requires two (2) years of experience with: equity capital markets; analysis of block trades and concentrated derivative trades; derivatives pricing, greeks, slides, and risks arising from cash equities and equity derivatives including exotics; P&L analysis and attribution; data extraction and manipulation using SQL; SQL queries; creating automated tools in Microsoft Excel based on SQL data extraction; stress testing, scenario design, and analysis of stress losses including processes linked to regulatory requirements; regulatory documentation; VaR frameworks related to equity products, and identifying VaR drivers and explain changes; trading limit frameworks; Microsoft Excel pivot tables, data tables, and data connections; creating PowerPoint presentations for senior management reporting and regulators; Bloomberg; interacting with trading desks regarding risk and P&L.
Qualified Applicants:
To apply, visit us at https://ms.taleo.net/careersection/2/jobsearch.ftl?lang=en Scroll down and enter 3226205 as the “Job Number” and click “Search jobs.” No calls please. EOE
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