Algorithmic Trading Risk - Executive Director London, England
Morgan Stanley
Full Time
London, England
65000 - 116000 GBP ANNUAL Today
Job description
Algorithmic Trading Risk - Executive Director
Job Number:
3237890
POSTING DATE: Jun 20, 2023
PRIMARY LOCATION: Europe, Middle East, Africa-United Kingdom-United Kingdom-London
EDUCATION LEVEL: Master's Degree
JOB: Risk Management
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Executive Director
DESCRIPTION
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
This role will reside within Firm Risk Management's Model Risk Management (FRM) team, which is responsible for the Firm's management of risks related to the implementation and use of models, covering all aspects of the Firm's businesses and implementing key regulatory requirements. This position requires strong technical, leadership, and organizational skills.
Primary Responsibilities
The role will involve leading a team who review and independently validate Algorithmic trading models in accordance with applicable policies and guidelines. The role involves working with teams across model areas to develop solutions for automating model risk related activities and understanding models and data usage, quality and interdependencies across the Firm. The role requires a good understanding of electronic trading systems, design and architecture.
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
This role will reside within Firm Risk Management's Model Risk Management (FRM) team, which is responsible for the Firm's management of risks related to the implementation and use of models, covering all aspects of the Firm's businesses and implementing key regulatory requirements. This position requires strong technical, leadership, and organizational skills.
Primary Responsibilities
The role will involve leading a team who review and independently validate Algorithmic trading models in accordance with applicable policies and guidelines. The role involves working with teams across model areas to develop solutions for automating model risk related activities and understanding models and data usage, quality and interdependencies across the Firm. The role requires a good understanding of electronic trading systems, design and architecture.
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. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
What will you be doing?
- Leading a team of technology specialists and model validators
- Creating a reference target architecture that facilitates collaboration with stakeholders and ease of operation within Model Risk Managment
- Establishing a culture of innovation and advancement through use of technology solutions
- Developing the teams' analytics codebase, functionalities needed for Algo Model Validation
- Leading efforts on Automation and Innovation within the Global Algo Model Validation team
- Contributing significantly to the infrastructure across the Model Risk Management department
- Driving innovation on data science platforms & keeping abreast of modelling evolution
- Representing the team at model governance forums and other forums
- Communicating key risks to senior management
QUALIFICATIONS
What we’re looking for:
- Masters or Doctorate degree in a technical / quantitative subject
- Excellent grasp of electronic trading systems with hands-on experience in the industry
- Experience in model validation and understanding of applicable regulations
- Good understanding of good technical design
- Hands on experience with a technology stack, e.g. Java, Python
- Practical experience building enterprise grade systems
- Strong communicator with the ability to convey essential messages at multiple levels of the organization
- Hands on practical knowledge of agile methodologies and its application in running high performance teams
Skills that will help you in the role:
- Ability to work in a fast-paced environment, balancing multiple high priority deliverables
- Ability to work independently in a self-directed way in a collaborative, team-oriented environment
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. #LI-KF1
