The posting
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 Morgan Stanley seeks a professional with previous experience working in a treasury or liquidity risk department at a large banking institution at the ED level to lead the Morgan Stanley U.S. Bank team within the Liquidity Risk Department (LRD). The team is responsible for independent oversight and monitoring of Morgan Stanley's U.S. Banks. The role holder will provide senior leadership and strategic oversight of liquidity risk across the U.S. Banks while leading a team in New York with support from personnel in our global service centers, as well as working closely with global risk management colleagues across regions. The role is accountable for setting risk direction, influencing business decisions, exercising senior judgement, applying subject matter expertise and leading engagement with Business Units and senior stakeholders across the U.S. Banks. The role focuses on governance, escalation, liquidity risk framework ownership and people leadership, while also having significant involvement in the day-to-day activities of the Business Units including limit setting.
LRD is responsible for the oversight of the Firm's ability to survive adverse, idiosyncratic and market-related liquidity shocks. LRD's mandate includes liquidity risk assessment and identification, limit setting and enforcement, business strategy challenge, liquidity reserve model methodology oversight, and communication of liquidity risks to senior management and the Board.
Primary Responsibilities
> Oversight of and involvement in the day-to-day liquidity risk management activities, including internal and regulatory governance and control frameworks. > Advising on oversight of liquidity risk arising from business activities including risk identification, monitoring, management, and regulatory and internal liquidity stress testing. > Sponsor and drive strategic initiatives and projects to investigate and improve the risk representation of the U.S. Banks' liquidity risk, contingency funding plans, asset-liability management, stress testing framework, and independent reporting and limits framework. > Collaborating effectively with a diverse set of stakeholders by maintaining active dialogue with trading desks, Corporate Treasury, Risk Management colleagues, and other support groups regarding liquidity planning, liquidity stress testing, trading and hedging strategies, risk representation, and limit compliance > Management of senior stakeholder relationships including Business Units, Treasury, Finance and Technology. > Participation in and membership of senior committees across FRM and partner departments. > Liaison with Regulators during regulatory exams and regular scheduled meetings. > Overseeing preparation and presentation of briefings to senior management on key risk issues. > Lead the US LRD Coverage team setting strategy, priorities, and coverage standards. > Member of global LRD leadership team. > Excellent academic background, preferably with a degree in business, finance or a quantitative discipline > 15+ years relevant working experience, preferably at a large financial institution > Experience in a Risk leadership role > Strong understanding of risk and liquidity in relation to financial products including derivatives, secured funding, prime brokerage, equities, interest rates, foreign exchange and credit instruments > Strong analytical skills and attention to detail, with the ability to present complex information in summary form (synthesize complex data sets and problems and conceptualize appropriate solutions) > Candidates should have experience leading projects and overseeing the setting and delivery of project goals. > The role involves building relationships with senior stakeholders in other areas of the Firm The candidate must be able to develop strong working relationships and be able to communicate clearly, both in writing and verbally. > An interest in working in a fast-paced environment, often balancing multiple high priority deliverables
WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 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.
To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.
Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.
Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.
For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.
