Market Risk Manager - Commodities - Executive Director / Senior Vice President
London
3247226
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.
The role will reside within FRM'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.
The successful candidate will be located on the trading floor and cover the commodities business which includes North America Power and Gas, EU Power and Gas, Emissions, Oil and Oil Products, Metals and Agricultural Products.
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?
1. Assessment of market risks, concentrations and top risks
2. As a desk-facing manager, ability to independently challenge traders, trading management and strategists with appropriate escalation of risks identified to senior risk managers
3. Real-time involvement in approval of complex & large transactions. Performing deal analysis, including independently assessing overlooked risks, agreeing hedging strategies with the Front Office, determining approval standards and writing concise decision support briefs
4. Ownership of the regional limit framework ensuring appropriateness
5. Communicate key risks to senior management and escalate emerging or developing risks in a timely manner
6. Development of risk methodologies, stress scenarios and tools. Involvement in system improvement working closely with traders, quantitative analysts, IT and other groups within the Firm
7. Contribute to the assessment of the suitability and performance of pricing, risk and capital models and work with relevant groups to address material deficiencies
What we're looking for:
1. Degree, or equivalent, in a quantitative subject, mathematics, statistics or engineering
2. Minimum 6 years of industry experience with a minimum of 4 years of experience in the commodities markets, particularly in energy (Oil, Power/NatGas) or metals
3. Strong familiarity with VaR calculations, stress testing and scenario analysis for commodity products
4. Strong analytical and problem-solving skills
5. Confidence to take ideas forward and to challenge others, where appropriate, with experience in management by influence, facilitating and gaining consensus
6. Ability to work independently in a self-directed way in a collaborative, team-oriented environment
7. The ability to effectively communicate with a wide range of stakeholders and deliver clear risk presentations to senior management
8. Strong organizational skills with an interest in working in a fast-paced environment, often balancing multiple high priority deliverables
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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