Market Risk Projects & Regulatory - Associate | Frankfurt am Main, DE

Market Risk Projects & Regulatory – Associate

Frankfurt

Morgan Stanley is seeking an Associate to support the Market Risk Department (MRD) team in Frankfurt meeting its projects and regulatory deliverables.

The successful candidate will join the global MRD Governance and Controls team and will work on several change and cross-asset regulatory initiatives with a focus on regulatory compliance and governance covering EMEA.

About Morgan Stanley

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethic. We can provide a superior foundation for building a professional career – a place for people to learn, to achieve and grow.

What will you be doing?

• Daily monitoring of capital measures such as VaR, stressed VaR and IRC as well as monthly / weekly SBM measures.
• Contribution to the Risk Identification process and regular reviews of portfolio limit utilisation (VaR, group level limits, Banking Book exposures, Climate Risk).
• Coordination of the monthly Market Risk committees (minutes, material preparation) as well as risk material production for other risk committees (governance, model, stress-testing).
• Involvement in strategic market risk workstream such as FRTB, EBA Benchmarking, EBA Stress Testing.
• Ensure ongoing regulatory compliance including participation in regulatory self-assessments, review of new requirements, and preparation of disclosures and submissions (e.g. Benchmarking, ICAAP and Pillar 3)
• Contributions to the implementation and maintenance of the market risk framework (including policies and procedures, Operational Risk, Tools & Model), ensuring alignment with industry best practices, regulatory standards and firm objectives.

What we’re looking for:

• Bachelor degree or equivalent, in a quantitative subject, mathematics or statistics
• 3 – 5 years market risk experience and understanding of key market risk concepts, processes and models (e.g. traded products, VaR, stress testing, risk/limit management)
• Good knowledge of the regulatory environment around market risk capital modelling in Europe (e.g. CRR, EGIM, BCBS 239, FRTB)
• Fluency in English and German is required
• Programming Skills (e.g. SQL, Python) advantageous

Skills that will help you in the role:

• Strong analytical and problem-solving skills
• Confidence to take ideas forward and to challenge others, where appropriate, with experience in management by influence, facilitating and gaining consensus
• Ability to work independently in a self-directed way in a collaborative, team-oriented environment.
• Ability to effectively communicate with a wide range of stakeholders and deliver clear risk presentations to senior management.
• Strong organizational skills with an interest in working in a fast-paced environment, often balancing multiple high priority deliverables.

Where will you be working?

The role will reside within Firm Risk Management’s Market Risk Department. The Market Risk Management Division (MRD) is responsible for the independent identification, analysis, reporting and escalation of all market risk exposures arising from EMEA business activities, acting independently of business management and providing an effective challenge process.

Flexible work statement:

Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.

Equal opportunities statement:

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.

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