ISG Counterparty, Hedge Funds - Associate

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 Firm Risk Management's Credit Risk Management department, on the Counterparty Credit Risk team covering hedge funds, which is responsible for the independent identification, evaluation, monitoring, and management of Counterparty Credit Risk associated with various sales and trading activities across cash and derivative products.

Primary Responsibilities:

• Counterparty credit analysis - preparation of in-depth credit reviews for new hedge fund clients, annual reviews for existing clients, setting credit limits, and effectively managing excesses, interpretation of portfolio stresses, compiling recommendations and determining credit ratings.
• Support due diligence meetings either by phone, at Morgan Stanley offices or at client premises to better understand the client's business, risks, and their requirements.
• Liaise with the documentation department to set credit conditions and parameters in trading documents including ISDAs, CSAs, GMRAs and GMSLAs.
• Support key Business Unit relationships as product coverage within traded products, such as prime brokerage, Cleared and Uncleared swaps, and OTC derivatives. Responsible for establishing and communication of risk appetite, as well as identification of concentrations; ensuring appropriate risk measurement and monitoring/reporting of appetite vs risk across MS legal entities.
• Close dialogue with Sales, Business Unit Risk Management for Fund related requests, including transaction analysis, approval and determination of credit risk mitigation via limits and tiers.

Qualifications:

• Bachelor's degree with a minimum of 3 years of work experience, preferably in Risk Management.
• Knowledge of the credit risk in traded products preferred.
• Strong analytical skills.
• Exceptional communications skills both verbal and written.
• Demonstrable track record of handling multiple priorities and working under pressure.
• Proficiency in Word, PowerPoint and Excel.
• Strong team player able to work effectively in a team environment.

Expected base pay rates for the role will be between $100,000 and $140,000 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.