Risk COO (Risk Management) : Job Level - Associate

Associate, Global Credit Reporting

Firm Risk Management (FRM) enables 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. Our mission is to serve as the following roles : - Independent agent to set consistent principles and disciplines for risk management - Strategic advisor to Firm management for setting risk appetite and allocating capital - Industry leader to influence and meet regulatory standards

You will collaborate with colleagues across FRM and the Firm to protect the Firm's capital base and franchise, advise businesses and clients on risk mitigating strategies, develop tools and methodologies to analyze and monitor risk, contribute to key regulatory initiatives and report on risk exposures and metrics to enable informed and strategic decision-making. Through thoughtful analysis and clear communication we are best able to bring our ideas to the table and improve the Firm. Firm Risk Management values diversity and is committed to providing a supportive and inclusive workplace for all employees. Firm Risk Management's unique franchise promotes : - Flat, flexible and integrated global organization - Collaboration and teamwork - Credible, independent decision-making - Organizational influence - Creative and practical solutions - Meritocratic and diverse culture

Credit Risk Management

Credit Risk Management (CRM) evaluates credit risk transactions and approves, rejects or modifies them considering the availability and appropriateness of arrangements for reducing risk or risk mitigation. The department also assigns Internal Credit Ratings; establishes and manages credit risk limits in accordance with the risk tolerance established by the Board; monitors and reports on credit risk exposures on a regular basis to the Chief Risk Officer, Chief Credit Officer and senior management. CRM also interacts with the business unit to ensure that credit risk assessments are factored into business decisions.

Background on the Position

CRM is seeking an Associate to join the Global Credit Reporting team responsible for providing Credit Risk Product Heads, the Chief Credit Officer, and Chief Risk Officer with analysis and reporting to support timely and accurate decision making related to the Firm's credit portfolio. The team provides in-depth exposure analysis, risk insights, and reporting for the global credit portfolio, consisting of all products which expose Morgan Stanley to credit risk. The analysis and reporting supports senior management's understanding of current risk drivers, portfolio concentrations, correlations, and potential tail risks. The Credit Reporting team is responsible for the design, development, and production of recurring management reporting providing value additive analysis of Morgan Stanley's credit risk profile and assessment of emerging risk issues. The team also assists regional and product portfolio managers with ad-hoc analysis as requested by product leads or senior management. The team works closely with Credit Coverage officers, Business Units as well as other Risk functions. In addition to running BAU risk reporting functions, the Global FRM Reporting team (including risk stripe reporting teams) has initiated a multi-year strategic program to renovate its data and reporting infrastructure and tooling by sourcing the data from authoritative sources, creating reporting data views using data curation, and automating reports largely in Power BI.

Primary Responsibilities

• Analyze daily, weekly, monthly, and quarterly changes in credit portfolio and summarize findings in oral, written, and PowerPoint format
• Prepare weekly, monthly, and quarterly portfolio review materials; review and defend analysis with senior portfolio manager
• Assist with ad-hoc requests for new point-in-time and trend analysis of the credit portfolio, including capture and aggregation of data not already in credit, risk, or firm systems
• Participate in end-to-end report development lifecycle : ideation, data collection and aggregation, prototyping, report production, and automation
• Escalate data issues to the Data Control team and Credit Risk Agile IT squads and assist with the remediation of data problems
• Collaborate with Data Control, Credit Risk Agile IT squads, Credit Coverage and Business Unit representatives, to ensure new and emerging data required for portfolio analysis is on-boarded into credit risk systems
• Participate in data curation and building Power BI dashboards

Skills / Experience Required

Additional Skills (Nice to Have)

What You Can Expect From Morgan Stanley

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work.

Expected base pay rates for the role will be between $100,000 and $140,000 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.

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.