IED Market Risk - VP

Morgan Stanley USA
New York, NY, USA
Nov 30, 2018
Dec 05, 2018
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
ISG Derivative Clearing Risk is responsible for monitoring and managing the market risk of multi-asset portfolios in the listed markets on both an intraday and overnight risk basis.
Our client base includes large institutional fund managers, hedge funds, CTAs, market makers, international corporations and broker dealers. We are staffed globally with offices in New York, Chicago, San Francisco, London, Glasgow, Hong Kong, Tokyo, Sydney and Mumbai.
Currently we are seeking an experienced VP level candidate to join the Risk team in the New York office.


A successful candidate would be expected to:
• Perform risk analysis of global multi-asset portfolios to assess market and liquidity risks, with focus on energy, fixed income, equity, forex, and base metal futures
• Ensure the respective market risks of client energy transactions (Power, Gas, Diesel, Emissions, Renewable Energy) are accurately captured within internal risk
• Manage risk identification of model & portfolio assumptions, market inputs, pricing issues, and drive understanding of the design of respective risk measurement methodologies including VaR, stress testing, scenario analysis, liquidity analysis etc.
• This role must work closely with the Trading, Sales, Credit and IT teams to ensure market risks are fully understood, captured and approaches challenged where necessary.
• Work with power, energy and environmental market experts to develop a view of market
conditions, ensuring deep understanding on inherent risk and be able to explain in a simple way both to internal decision makers and interested external parties, such as regulators, if required.
• Explain margin methodologies and different risk management approaches to existing and prospective clients.
• Engage with CCPs to understand drivers of exchange margins, and where necessary advocate for improvements.
• Detailed knowledge of electric power, natural gas, environmental markets, generation,
transmission, distribution and energy demand.
• Familiarity with other commodities a positive
• A detailed understanding of the analytical tools / software used in the industry a plus
• 7+ years of experience in the financial services industry, with Listed Derivatives functional knowledge required.
• Strong quantitative and analytical skills required. Advanced degree in economics, finance, mathematics, statistics or related field preferred. FRM, ERP and/or CFA charter holder (or in the process obtaining)
• An expert-level understanding of the regulatory requirements applicable to the futures markets, and a broad knowledge of the trading, operational, and risk management practices within an FCM and/or broker-dealer
• This role will provide risk management expertise in complex areas and should be able to manage their own work with limited supervision
• Detail oriented and able to challenge business requests with an independent mindset and expert advice
• Able to provide clear and articulate guidance to internal stakeholders on policy and regulatory requirements, interacting with individuals at all levels within an organization
• Strong interpersonal, verbal and written communication skills with a high level of intellectual curiosity.
• Knowledge of CCPs structures and their respective margin methodologies a positive.


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