Market Risk Controller recruitment
Morgan Stanley has earned a worldwide reputation for the excellence of its advice and execution in financial markets. With over 1,300 offices in 42 countries, the firm is truly global- and a market leader in the U.S, Europe and Asia as well as in Emerging Markets. We provide institutions and individuals with almost every kind of financial product and service across all the world’s major markets.
In 2000 the Institutional Securities division established an operations team in Glasgow with just 6 employees. Since then our office has grown to over 1000 employees across 6 divisions: Operations, PWM, Finance, Fund Services, Information Technology and Risk Management. Our offices are located in Glasgow’s city centre in the heart of the International Financial Services District.
We have built a world class reputation for quality and service and the talent and passion of our people has been critical to our success. We can provide a superior foundation for building a professional career – a place for people to learn, to achieve and to grow. Together we share a common set of values rooted in integrity, excellence and a strong team ethic.
Due to our growing business, we have a demand for career minded people to join our teams. Our opportunities offer unrivalled scope for progression and training within a fast paced, meritocratic and constantly changing environment.
The Glasgow Finance Division helps senior management and its individual business units manage the firm’s risk by implementing financial controls over our business activities. The division is crucial to safeguarding the firm’s franchise, reporting on current performance, and evaluating business opportunities.
Market Risk Controllers Team
Market Risk Controllers (MRC) are a global team with representation in Glasgow, New York and Hong Kong. MRC encompasses three core functions: Risk Control, Backtesting and Banking/Trading indicator review.
•The Risk control team provide reporting and analytical services to clients in the Business Unit (BU) and Market risk department (MRD). The principal goal of the risk control function is to ensure the information within firm aggregate risk systems is complete and accurate.
•Backtesting is a regulatory requirement as part of the firms Value at Risk (VaR) based capital approach. The process involves analysis and reporting on a comparison between the firms economic trading PL versus the firms VaR measure. Key clients are MRD and Regulatory controllers.
•Banking/trading is a control process designed to ensure that firm activity is classified correctly for capital purposes. MRC run a process to review whether activity has been classified correctly and are also pivotal in developing reference/training material to support PL controllers in the classification process. Key clients are MRD, Regulatory controllers and Credit Department.
The role is at associate level within the Risk Control team-principally focusing on the Fixed Income processes. Over time there will be an opportunity to get exposure across some of the other functions.
Detailed Role Description:
•Generate accurate timely Business level Risk reporting.
•Generate accurate timely Entity level risk reporting.
•Partner with IT/BU to resolve risk issues.
•Provide adhoc analytical support to clients.
•Maintain functional policies and procedures.
•Maintain and develop relationships with clients.
•Prepare and maintain weekly/monthly risk metrics.
•Support execution of the teams project agenda.
•Appropriately escalate risk issues to local mgt.
Skills Required
•Candidates should have a specific interest in financial services.
•Ideally candidates will have an interest and awareness of financial markets and products
•Good communication and analytical skills are essential. In particular the ability to effectively communicate with senior clients.
•Intermediate Excel (including pivots and formulae) and Access skills desirable
•High level of guardianship – the candidate should be very focused on guardianship and ensuring that exceptions are identified, resolved and escalated on a timely basis.
•High level of organisational skills – being able to manage time effectively.
•Ability to manage own workload and carry out tasks with minimal manager guidance.
•Ability to quickly understand and pick up issues.
•Ability to work effectively under pressure and meet tight reporting deadlines.
•Candidate must be able to work well within a local and global team environment.
Morgan Stanley is an equal opportunities employer and is committed to fair treatment, regardless of background.
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