About the Firm Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 42 countries, the firm's employees serve clients worldwide including corporations, governments, institutions and individuals. For further information about Morgan Stanley, please visit www.morganstanley.com .
About the Role The Business Control Unit (BCU) Risk Management team operates within the Asia Private Wealth Management business as the first line of defense and is responsible for structuring and implementing the risk management framework.
Key Responsibilities Key Risk responsibilities included in this role are managing the Margin Lending /Credit & Banking Products Risk Management from a 1st line of defense:
- Proactive monitoring of margin exposure level of client portfolio
- Following up with Sales team on any margin deficit of client portfolio
- Monitor market conditions and assess their impact on the PWM portfolio as well as client portfolio, and recommend changes of risk management strategies
- Perform active and holistic risk review of clients' portfolio, Thematic stress scenarios & exposure review
- Escalation point for risk related to margin lending and banking
- Promote awareness of risk management best practices
- Communicate key risks to senior management and escalate emerging or developing risks in a timely manner
- Capture and analyze data & advise management in developing effective mitigation steps and controls
- Ensure standardization and consistency in risk management policies and procedures applicable to Wealth Management and comply with ongoing regulatory requirement
- Partner with functional groups, including Investment Financing Group, Credit, Legal, Compliance, Operations, Finance, CTB and IT to identify, assess and mitigate business related risks.
- Participate and define requirements for Margin Lending & Banking projects.
- Identify and participate in process re-engineering projects to reduce the residual risks of the department and improve efficiency and effectiveness.
- Manage a team of risk managers
Required skills/Experience: - 7+ years of relevant working experience in 1st line of defense Margin Lending and Banking / counterparty risk, or experience in a similar business function
- Product and Market risk experience
- Confidence to take ideas forward and to challenge others, where appropriate, with experience in management by influence, facilitating and gaining consensus
- Ability to work independently in a self-directed way in a collaborative, team-oriented environment
- Ability to effectively communicate with a wide range of stakeholders and deliver clear risk presentations to senior management
- Strong organizational skills with an interest in working in a fast-paced environment, often balancing multiple high priority deliverables
- People management experience
Technical skills: - Multi-assets Product knowledge including equity, fixed income, FX, funds, listed and OTC derivatives and banking products (deposits and loans)
- Understanding of risk management techniques, valuations, and tail-risk
- Strong proficiency with PowerPoint and Excel is required; VBA or other programming skills as well as working knowledge of databases and SQL is advantageous.
- Strong analytical and problem-solving skills
- Fluency in English, Cantonese and Mandarin is essential
- Both CFA / FRM qualification are preferred