Morgan Stanley is seeking a highly motivated and team oriented Market Risk Manager to join its Market Risk Department (MRD), based in New York. The traded credit products team has coverage responsibilities for the full spectrum of credit products and associated hedges traded within Morgan Stanley's Institutional Securities Group (ISG), including corporate credit, municipal credit, structured and distressed credit and securitized products. The experienced candidate will be the team leader and cover full range of traded credit products including securitized products, distressed credit, municipal securities and financing of these assets.
As MRD is charged with directly interacting with the Front Office, the candidate should have the risk management skills to monitor and manage market risks on a variety of products and have the communication skills to articulate risk decisions to the Front Office. The candidate should also be able to articulate the trading desk's risk profile, trading strategy and governance framework to senior management, the Firm's regulators and other internal control groups.
The candidate will be responsible for leading a team covering multiple credit products to develop and maintain the market risk management framework for traded credit; make risk decisions that align with the Firm's risk appetite and incentivizes appropriate risk-taking behavior; lead the development of presentations for risk committee meetings, trade approval meetings and regulatory meetings; lead the team in analyzing and approving large or complex trades, designing and setting risk limits and making decisions regarding capacity allocation. As the subject matter expert for the traded credit products business area, the candidate will be the key point of contact for all matters related to this coverage area. The candidate will have significant managerial responsibility and will be expected to manage a team, develop the necessary risk management frameworks and lead the team in execution on the framework. Ideal Candidate Attributes
> Subject matter expertise in traded credit products such as securitized products, corporate credit, distressed credit, municipal securities and financing of traded credit products.
> Demonstrates an ability to add-value by combining subject matter expertise and risk management experience to define and lead a team to execute on business goals.
> Can clearly communicate risk management matters to a senior audience and broader stakeholders which enables decision making.
> Exhibits an ownership mentality, demonstrates ability to strategically solve business problems and demonstrates judgement on effective deployment of financial and non-financial resources.
> Demonstrated ability to act as an inclusive leader, act as a partner to stakeholders and develop a team which embodies the same attributes.
> Bachelor's degree required; Master's degree or higher preferred
> Minimum of 10 years of experience preferred
WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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.
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Expected base pay rates for the role will be between $165,000 and $275,000 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).