Risk Analyst

Risk Capital Analyst

The cornerstone of Morgan Stanley's risk management philosophy is the execution of risk-adjusted returns through prudent risk-taking that protects Morgan Stanley's capital base and franchise. Risk Management protects the firm from losses resulting from defaults by our lending and trading counterparties.

Position Summary

Morgan Stanley is seeking an Analyst for the Risk Capital group, based in New York. Risk Capital, which is part of the Firm Risk Management Department, is responsible for the risk-based assessments required for regulatory capital calculations. The successful candidate for this role will perform these assessments for new transactions, review regulatory requirements, implement new processes and contribute to a wide variety of projects and initiatives within the larger group. The successful candidate will also support business decision making by providing these evaluations and partnering on the business model where regulatory capital considerations are material.

Responsibilities

• Identify and perform analysis of counterparty credit risk for derivatives, cleared transactions, repurchase agreements, securities lending agreements, margin loans and other loans
• Deliver analysis and management information to support review and assurance of the counterparty credit risk regulatory capital position
• Coordinate with the team to prepare responses to information requests from senior management, regulatory authorities, Independent Process Validation Group, and Internal Audit
• Contribute to efficiencies and other enhancements of best-in-class processes to support daily, weekly, monthly and quarterly reporting while maintaining robust processes and controls. This would include design, development and implementation of tactical tools and strategic system changes
• Work with stakeholders in the Business Units, Treasury, Finance, Risk Analytics and Credit Risk
• Perform, and participate in, regulatory and capital analysis of new products and proposals initiated by the Business Units and the Firm and provide recommendations to the Business Units and Risk senior management for these new products and proposals. Support business decision making by providing these evaluations and partnering on the business model where regulatory capital considerations are material.
• Develop and document Basel compliant methodologies, keeping recent regulatory capital rules and business developments

Skills required

• Understanding of Credit Risk fundamentals including traded products, contractual agreements, collateral management, risk data and metrics
• Quantitative/analytical background (e.g. finance, accounting, mathematics, STEM, law, economics, etc.)
• Excellent organizational skills to meet challenging objectives and manage competing priorities
• Strong written and verbal communications and mastery of relevant software
• Identify ways to mitigate risk and developing new policies/processes in support of control and governance
• One year of experience in related roles in a similarly complex institution

Skills Desired

• Familiarity with current and evolving US Broker Dealer, Swap Dealer and Securities-Based Swap Dealer regulations
• Capability, experience and comfort in reviewing and assessing the implications of complex new regulations
• Databases and programming experience including SQL and/or Python

Expected base pay rates for the role will be between $75,000 and $95,000 year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.