Fixed Income Market Risk Manager Analyst/Associate

Morgan Stanley
New York, USA
28 Jun 2022
12 Jul 2022
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Fixed Income Market Risk Manager ? Analyst/Associate
Taylor Prebish

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, operational, model, and other risks.

Background on the Position
The role will reside within the Firm Risk Management?s Market Risk Department (MRD) which is a team dedicated to providing independent market risk oversight across the Morgan Stanley?s trading and banking activities. The successful candidate will join the New York Fixed Income XVA Coverage Team with responsibilities to oversee firm?s CVA (Credit Valuation Adjustment), FVA (Funding Valuation Adjustment) and other related/emerging VAs on the firm?s counterparties.

Primary Responsibilities
? Maintain dialogue with trading desks and Front Office support groups regarding positioning, market developments, trading strategies, limit usage, and risk representation of new trades
? Monitor market risks through the review of portfolio risk sensitivities, Value-at-risk (VaR), stress scenario analysis and limit monitoring
? Support projects such as model enhancements, stress test development, or regulatory initiatives such as the Fundamental Review of the Trading Book
? Collaborate closely with colleagues across Market Risk Department and other stakeholders, including Credit Risk, Finance & Technology
? Perform deep dives on topical products and clients and create presentations articulating key risks and portfolio changes to senior management


? Bachelor?s degree and 1-2 years of experience
? Curiosity and motivation to develop expertise in financial products, markets, and risk management practices
? Entrepreneurial mindset and motivation to develop risk processes and frameworks from scratch
? Preferred proficiency in a variety of technology tools, including analyzing large data sets using tools such as Excel or SQL
? Highly developed oral and written communication skills which can be used to prepare and present risk information to a variety of audiences
? Attention to detail, project management and prioritization skills will also be key in balancing daily deadlines with strategic projects
? Preferred knowledge of market risk and/or counterparty credit risk concepts such as stress scenario analysis, risk measures, PE95, collateral agreements a plus
? Product knowledge in Fixed Income and/or Equity products, including derivatives a plus

FRM is committed to creating and providing opportunities that enable our workforce to reflect diverse backgrounds and views.

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