Job Type
Job Details
The role will reside within the FRM's Market Risk Department (MRD), a team dedicated to providing governance and oversight of market risks arising from the Firm's business activities. The successful candidate in New York City will join the Asset Liability Management (ALM) group, which is responsible for identifying, assessing, and monitoring interest rate risks related to banking book activities as well as establishing limits to express the Firm's appetite for interest rate risk relative to its capital and earnings profile. The position will have exposure to the Firm's senior risk management teams, including the Chief Investment Officer (CIO) and the Corporate Treasurer.
Primary Responsibilities
> Assess, monitor, and communicate Interest Rate Risk in Banking Book (IRRBB) risks metrics, including Earnings-at-Risk (EaR) and Economic Value of Equity (EVE) sensitivity
> Keep abreast of developments in financial markets, valuation models, and balance sheet strategies and provide actionable insight to senior managers
> Effectively collaborate with CIO, Treasury, and other cross-functional groups to solve problems, manage risk, and execute business strategies
> Prepare and present briefings to senior managers, committees, and regulators on salient risk management topics
> Take complete ownership of projects and deliver measurable results
> Provide leadership to analysts and associates
Qualifications
> Bachelor's degree and at least 6 years of relevant experience is required
> Familiarity with models, regulations, and accounting standards related to bank balance sheet management
> Curiosity and self-motivation to learn continuously and grow while helping others
> An entrepreneurial mindset to develop processes and frameworks from scratch
> Humility and self-awareness to admit and learn from mistakes
> Strong proficiency in Excel and SQL
> Excellent communication skills
> Attention to detail, project management and prioritization skills
Expected base pay rates for the role will be between $120,000 and $200,000 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's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
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