Prudential Risk - Vice President London, England
Job description
Job Number:
3229046
DESCRIPTION
London
3229046
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
The role will reside within Firm Risk Management's Prudential Risk team. The Prudential Risk team is responsible to lead and coordinate key enterprise risk processes and frameworks such as Risk identification, Risk appetite, as well as the FRM owned components of ICAAP, Recovery Planning and Trading Wind Down.
The role holder will report to the ED of the Prudential Risk team, based in Frankfurt.
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?
In partnership with Finance and FRM specialist teams, coordinate requirements and FRM contributions to the implementation of the PRA's Trading Wind Down (TWD) regulations, including Define business requirements for stress testing data, scenarios, and models
Assess gaps to current state and develop an implementation plan
Oversee and coordinate implementation from a functional perspective
Coordinate FRM inputs to quarterly and annual ICAAP RWA forecasting exercises
Develop and deliver presentations to management and participate in relevant committees
Maintain relevant policies and procedures
Ensure compliance with relevant regulations and lead the efforts on self-assessments
Contribute to regional or global Risk Division initiatives, projects, or regulatory requests
FRM is committed to creating and providing opportunities that enable our workforce to reflect diverse backgrounds and views.
#LI-SC1
QUALIFICATIONS
What we’re looking for:
Bachelor's degree or equivalent, ideally in Finance, Economics, Financial Mathematics or similar
Relevant work experience in top tier banking or big 4 consulting related to one or several of the following areas (in order of priority): Enterprise stress testing, Advanced Pillar 1 capital methodologies, ICAAP, and / or Recovery and Resolution Planning.
Robust understanding of counterparty credit risk and market risk and relevant risk and capital measurement approaches
Hand-on experience in implementing prudential regulations and in dealing with regulatory requests
The ability to effectively communicate with a wide range of stakeholders, both written and verbally
Strong organization skills with an interest in working in a fast-paced environment, often balancing multiple high priority deliverables
Strong attention to detail and ability to distil technical information to produce concise and effective presentations
The 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-SC1
