RECRUITING CONTACT NAME: Robert Hinds
RECRUITING CONTACT EMAIL: Robert.Hinds@morganstanley.com
DESCRIPTION
Firm Risk Management
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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
Morgan Stanley is seeking a candidate to join the Wealth Management Credit Analytics team to perform analyses to solve critical business problems while protecting the Firm. The Wealth Management lending portfolio comprises wholesale and retail products, including commercial real estate, residential mortgage as well as securities backed lending products. The ideal candidate will demonstrate strong analytical skills, be a good team player, a self-starter with curiosity to learn and solve problems to enhance risk capabilities and communicate effectively in various forums. This position is based in NYC or Purchase.
Primary job responsibilities include:
Evaluate new and evolving tools to enhance monitoring and analyses of climate events and associated impact to lending portfolios
Develop framework for incorporating climate risk into existing risk management framework, including measuring impact of different climate events and enhancing risk appetite, underwriting, portfolio management, capital, reserve and stress loss projections
Enhance risk appetite and establish KRIs to monitor impact of climate events and associate exposure and risk to lending portfolios
Collaborate with Firm-wide stakeholders and stay connected with climate initiatives across the firm, and leverage best practices as appropriate
Keep abreast with latest trends related to climate change, regulatory landscape, analytical tools and capabilities, academic research, etc. with a lens to continually enhance climate risk framework
Experience
Bachelors Degree required
Previous analytics and/ or credit risk management experience (preferred)
Excellent verbal and written communication, with ability to communicate effectively with senior management and regulators
Process management and prioritization skills with ability to multi-task in a dynamic environment
Strong relationship building and stakeholder management skills
Self-motivated and proactive attitude, with relentless attention to detail
Strong problem solving and implementation skills
FRM is committed to creating and providing opportunities that enable our workforce to reflect diverse backgrounds and views.
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).
Expected base pay rates for the role will be between 80000 and 140000 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.