Position Description:

The Market Risk Department (MRD) provides independent market risk oversight across the Firm’s trading and investment activities.
Based in London, this individual will report functionally to the Head of Risk Reporting in New York, and regionally to Head of European Capital and Reporting in London. The role involves a diverse range of risk management responsibilities and provides exposure across business units as well with control groups inside Morgan Stanley. We seek candidates with a strong desire to learn and the ability to excel in a relatively small multidisciplinary team.

Primary job responsibilities include:
• Effectively manage the London reporting team of two to three members, coordinate with the New York reporting team, and ensure that all relevant projects and tasks are assigned and completed in a timely fashion
• Construct and produce global and regional risk reports that are used extensively by market risk managers, the business, and senior management.
• Engage risk managers to identify and resolve risk issues that impact market risk calculations such as VaR, scenarios and regulatory capital, with a regional focus on London.
• Provide analysis and support for the VaR process
• Construct high level global and regional market risk presentations used to brief senior business managers and the board of directors
• Liaise with Market Risk Controllers and data quality working groups to ensure clean and complete risk data representation
• Represent MRD at cross-functional working groups
• Engage in extensive project work
• Coordinate with IT on the development of risk systems and data standards

Skills Required:

COMMERCIAL/ BUSINESS ORIENTATION
Risk analysis produced by MRD is used to brief senior management and needs to be both timely and accurate. It is therefore essential that candidates are able to demonstrate diligence as well as strong quantitative and investigative skills.

PROFESSIONAL SKILLS
Information processed in the department is highly confidential and therefore the candidate should demonstrate integrity. The role involves working closely with several other areas (such as Controllers, IT and the Business Unit), therefore the candidate must be able to develop strong working relationships and be capable of communicating clearly, both in writing and verbally. As the candidate will be managing a team, prior managerial experience would be a plus.

FUNCTIONAL KNOWLEDGE
It is essential that the candidate can perform the role effectively and efficiently due to daily deadlines and sensitivity of the numbers produced. Knowledge of financial products is essential, including an understanding of risk greek representations, although a more in-depth understanding will be developed through job experience. A solid understanding of risk management concepts such as VaR, stress testing, scenario analysis, and capital would be ideal.

Strong proficiency with Excel and VBA is required; a working knowledge of databases and SQL is advantageous; more generally, the candidate needs to be comfortable using many different applications.

EDUCATIONAL BACKGROUND
Suitable candidates will have an excellent academic background, including a degree in a quantitative discipline, such as economics, finance, sciences or engineering. Higher degrees or other qualifications related to any of the above areas will be advantageous.

EXPERIENCE
Qualified candidates should possess experience in either market risk management or a market-risk-related function such as regulatory controllers, product controllers, or risk consulting. Strong technology background related to risk management or trading activities is desirable. Additionally, because nearly all projects require cross-group coordination and cooperation candidates would benefit from prior project management experience