Firm Risk Management
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, model and other risks.
About the Role
The position will reside within FRM's Electronic Trading Risk team in NY. The role will cover electronic trading across all asset classes including cash, derivatives, equity and fixed income products. The eTrading team within FRM oversees potential risks that electronic trading introduces, primarily across the Market and Operational Risk spectrum. The ideal candidate should have the ability and desire to learn about financial markets, have strong common sense, and be able to think critically. The risk manager will work closely with senior risk managers and connect with other groups within the Firm.
Responsibilities
Overall risk management and governance of Morgan Stanley's Electronic Trading business across equities and fixed income
Perform analysis and behavioral review of eTrading algorithms, including controls and testing methods
Oversee eTrading limits and controls to ensure the business is taking risk consistent with the Firm's strategy.
Monitor and review Operational Risk Events and self-identified issues relating to or impacting eTrading
Collaborate across a diverse set of stakeholders including Sales and Trading Business Units, Quantitative Strategists, Business Unit Risk Management, Compliance, Technology and Operations.
Communicate key risks to senior management
Contribute and support global and regional Risk governance committees, forums, and working groups
Qualifications:
Suitable candidates will have an excellent academic background including an advanced degree in a quantitative discipline, such as economics, finance, sciences or engineering.
Strong ability to think critically and desire to learn.
Basic knowledge of financial markets and equity products
Proactive with the ability to work as part of a close-knit team as well as independently.
Excellent communication skills for written, graphical, and verbal presentation.
An interest in working in a fast-paced environment, often balancing multiple deliverables at one time
Strong proficiency with PowerPoint and Excel is required; VBA or other programming skills as well as a working knowledge of databases and SQL is advantageous.
Experience in a role with direct exposure to electronic trading (Risk Management, Technology, Operational Risk) or experience in trading systems, FIX messaging, market-microstructure or market data would be beneficial
Expected base pay rates for the role will be between $85,000 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.
This role is hybrid and currently requires in office attendance 3 days/week. The in office requirement is subject to change at any time.
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.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the base 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 the law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
