Job Description:
The Risk Manager will be overseeing counterparty risk for the equities structuring and exotics business. Predominantly focused on bilateral client base with equal prime brokerage engagement. The successful individual will need to understand trade structure and details, counterparty characteristics and risk system capabilities. You will also be confident with working with internal (sales and trading) and external (clients) to protect the firm whilst being commercially minded. Ability to work under pressure in a fast moving and demanding environment are required in this position
- Large focus on access products and repacks as well as exotics derivatives covering equities and non-equity underliers
- Analyze bilateral portfolios and structured trades to identify all relevant risk factors and set appropriate house collateral policies
- Daily monitoring of exotics and structured counterparty exposure managing within firm credit view
- Participate in the client onboarding process including due diligence calls, sample portfolio analysis, documentation negotiation, and more.
- Maintain regular client dialogue on proposed portfolios or limit requests and be articulate Morgan Stanley's margin methodologies and risk management approach.
- Stress and scenario testing. Improve existing and design new risk infrastructure to handle current/new business
- Participate in risk technology development / longer term projects
Qualifications Job Requirements: - Candidate should ideally have at least 5-10 years of relevant quantitative counterparty risk and/or market risk experience
- Fundamental knowledge of equity, fixed income, and FX products with a detailed understanding of exotic and structured products coupled with strong technical/product/pricing knowledge.
- Understanding of SPVs, unit funds/trusts, note/certificate structures
- Strong technical degree, such as mathematics, engineering, or finance
- Strong quantitative, analytical, and problem solving skills
- Strong communication skills
- Ability to follow market trends and determine the impact on portfolios
- Ability to work with sales & trading professionals under pressure in a fast moving and demanding environment
Preferred but not Essential: - China onshore access/structuring products (QFII, Connect) experience
- Inventory management and optimization of firm positioning/hedging, XVA, liquidity, capital management, 2nd derivative greeks
- Programming skills (python, vba, sql)
- ISDA/CSA negotiation experience
- CFA or FRM
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.
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.