Market Risk – Portfolio Risk Vice President recruitment
Position Category: Risk Management
Position Title: Market Risk - Portfolio Risk Vice President
Job Level: Vice President
Location: USA - NY - New York
Education Required: Bachelors Degree
Position Description:
Morgan Stanley seeks a professional with previous experience in a multi-disciplined risk management function as a Vice President or equivalent in the Risk Department. The Risk Department provides independent risk oversight across the Firm's trading and lending activities.
Based in New York, this individual will report to the Head of Portfolio Analysis. The role involves a diverse range of risk management responsibilities and provides exposure across the business units as well with other 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:
• Identify and analyze market and credit risk across all business areas and asset classes
• Create and deliver presentations designed to articulate key risks to senior management
• Engage and build relationships with colleagues across the firm to identify and develop understanding of risk issues that could affect the firm
• Develop tools to better understand and communicate risk concentrations
• Engage in extensive project work
Skills Required:
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. A solid understanding of risk management concepts such as VaR, stress testing, scenario analysis, and capital is ideal.
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; more generally, the candidate needs to be very comfortable using a variety of IT 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, such as an FRM, would also be looked at favorably.
EXPERIENCE
Qualified candidates should possess experience in either market or credit risk management or a related function. Additionally, because nearly all projects require cross-group coordination and cooperation candidates would benefit from prior project management experience.
PROFESSIONAL SKILLS
The risk analysis produced by the department 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.
The role involves working closely with several other areas, therefore the candidate must be able to develop strong working relationships and be capable of communicating clearly, both verbally and in written communications. As the candidate will be working with many different constituents, prior managerial experience would be a plus.