Market Risk (Risk Management) : Job Level - Vice President

Morgan Stanley is seeking a Vice President desk-facing risk manager to join its New York based Commodities Market Risk Management team to lead the coverage of North America Power and Gas (NAPG) business

You Will:

• Continuously monitor the markets and measure the impact on MS's NAPG business, including analyzing complex trades and trading strategies and assessing material weaknesses or overlooked risks
• Live discussion and independent challenge of traders, trading management and strategists. Appropriate escalation of risks identified to senior risk managers
• Understand P&L drivers and construct any necessary tools to facilitate risk and P&L analysis.
• Continuously review limit and reporting framework to ensure appropriateness in light of new trades, business strategy, new products and market conditions
• Manage, mentor, train and develop a team of junior risk managers
• Development of risk methodologies, tools and involvement in system improvement working closely with traders, quantitative analysts, IT and other groups within the Firm
• Utilize and enhance comprehensive stress tests that highlight all key risks and participate in regular signoff of risk submissions to regulators and senior management.
• Communicate key risks to senior management on a regular basis, including creation of presentations articulating key risks and portfolio changes, escalating emerging or developing risks as necessary
• Contribute to the assessment of the suitability and performance of pricing and risk models. Work with relevant groups to address material deficiencies
• Liaise with and develop effective & constructive working relationships with a diverse set of stakeholders including Sales and Trading, Business Unit Risk Management, Desk Strategists, Finance, Technology and Operations and other groups within Firm Risk Management

Experience You Have:

• Advanced experience in North America Power and Gas is required. Exposure to other commodities products or other asset classes will also be looked at favorably
• Understanding of risk management concepts such as VaR, stress testing, scenario analysis, and capital
• Independent mindset and ability to challenge people and established processes
• Proactive with the ability to work as both part of a close-knit team and independently
• Strong proficiency with a variety of technology tools, including analyzing large data sets using tools such as Excel, SQL, Python, AI
• Highly developed oral and written communication skills which can be used to prepare and present risk information to a variety of audiences
• 5-10 years of relevant experience is preferred
• Attention to detail, project management and prioritization skills will also be key in balancing daily deadlines with timely implementation of strategic projects.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients - helping them reach their goals. We do it in a way that is differentiated - and we've done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work. To learn more about our offices across the globe, please copy and paste into your browser. Expected base pay rates for the role will be between $120,000 and 215,000 per 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. Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences. For more information, please visit: At Morgan Stanley, we advise, originate, trade, manage and distribute capital for people, governments and institutions, always with a standard of excellence and guided by our core values. Morgan Stanley is dedicated to providing first-class service to our clients, in a way that reflects our commitment to creating a more sustainable future and fostering stronger communities around the world. In each line of business, we strive to demonstrate our belief in the power of transformative thinking, innovative strategies and leading-edge solutions—and in the ability of capital to work for the benefit of all society.