ISG Middle Office Risk Support (MORS) Analyst

Morgan Stanley
New York, USA
Aug 09, 2022
Aug 18, 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.

As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

Operations is one of the largest divisions in the firm and has diverse responsibilities, including correctly settling and recording millions of transactions per day, identifying and mitigating all operational risks, developing strong client relationships and partnering with technology to realize the full potential of IT and e-solutions. Throughout, the Operations department continually seeks ways to improve while actively supporting the development of new businesses, structures and markets.

Institutional Securities Group (ISG) Product Operations encompasses five functionally aligned organizations; Trading Operations, Client Operations, Financing & Collateral Ops, Trade Transaction Reporting & Client Regulatory Services., Trading Operations, provides Operations functions in direct support of activity executed by Institutional Sales &Trading. The broad organization partners closely with Sales and Trading to develop and implement new products and services as well as drive efficiency and reduce risk in our processes. At all times we are focused on delivering quality service to clients both internal and external. ISG Product Operations partners closely with Shared Services and Banking Operations as well as Branch Operations and Operations Risk & Control to deliver a connected 'front to back' view of operations to ISG Sales and Trading.

The MORS team supports the Business Unit Risk Management function, which key responsibilities include:
- Daily monitoring and escalation of Counterparty & Credit Risk generated by the Equity &
Fixed Income Business;
- Correct application of Credit Policies to the trading activity.
- Crisis ad-hoc events management
- Market risk scenario & limits analysis and tracking;
- Non Market Risk Analysis and support.

Within these business critical mandates, the MORS team's directive covers daily processing functions, critical control responsibilities as well as in-depth counterparty risk monitoring, such as:
- Counterparty trade control: correct application of credit approval process and independent amount setting on a trade by trade basis
- Monitoring exposure to specific underliers/ countries, or exposure based on portfolio composition versus specific risk parameters (long or short volatility or delta)
- Monitoring counterparties' ratings, concentration risks, slides analysis
- Ad hoc Credit analysis and credit exposure calculation & analysis driven by market events
- Management of counterparty risk initiatives, such definition and implementation of solutions to enable automation of trade level upfront margin calculation
- Methodology development: development of parameter based calculations, competitive analysis
- Successful delivery of enhancements to platforms & system flows to streamline credit approvals and counterparty limit monitoring

The successful candidate will be working closely with the Business Unit Risk Management function and will be expected to build strong relationships.


- Bachelor's degree required
- OTC Derivative products experience a plus
- Prior experience in Collateral, Credit or Market Risk a plus
- Strong analytical mindset & strong control focus with ability to initiate and drive projects
- Good communication & relationship building skills
- Bachelor's degree required
- Proven ability to manage a complex agenda, in partnership with senior stakeholders

Role is hybrid
This role requires that all successful applicants be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccinations within 3 days of commencement of employment.

Similar jobs

Similar jobs

  • You need to sign in to save