Job Description
Job description
Company Profile
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, and individuals from more than 1,200 offices in 43 countries.
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. Morgan Stanley 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.
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.
The Risk Capital function within Firm Risk Management is looking for a Risk Capital Vice President to join the team, based in London, United Kingdom. The role holder will play a central role in delivering on a wide variety of capital requirements reporting processes as well as supporting initiatives including regulatory developments, capital methodology, capital assessment and forecasting, and capital impact analysis of strategic business initiatives. The role focuses primarily on credit, market and CVA risk capital across EMEA legal entities under PRA and ECB capital regimes, with additional responsibilities for Risk Capital framework in UK-based legal entities.
What you'll do in the role:
• Maintain and develop the framework for own funds requirements calculations and reporting for credit, market and CVA risk across EMEA legal entities under the PRA and ECB regimes for risk exposures covered by the advanced model permissions / FRTB SA
• Own the Risk Capital framework, including process and control framework, procedures and outsourcing
• Deliver comprehensive analytical review and provide insightful commentary explaining capital requirements to key internal and external stakeholders
• Participate in and contribute to the delivery of large, complex regulatory projects including internal model permission applications, CRR3 implementation (including FRTB) and Trading activity wind-down
• Coordinate the Risk-owned contributions to the Internal Capital Adequacy Assessment Process (ICAAP) and other capital forecasting and capital planning exercises, e.g. recovery and resolution planning
• Represent Risk Capital function in interactions with EMEA regulatory authorities, including preparation of materials and participation in the regulatory meetings, providing clear and concise responses to information requests
• Develop and leverage detailed knowledge of relevant capital rules, to ensure ongoing compliance with prudential regulations, and as a result, contribute to the development of internal policies and procedures
• Support business initiatives in providing regulatory capital impact of large transactions and new products
• Collaborate effectively in a diverse team spread across multiple locations
FRM is committed to creating and providing opportunities that enable our workforce to reflect diverse backgrounds and views.
What you'll bring to the role:
• Bachelor's degree or equivalent, ideally in quantitative field
• Experience in the area of financial risk management (either in banking or consulting), ideally with capital markets background
• Strong understanding of capital adequacy, regulatory risk capital models, methodologies and approaches
• Experience executing relevant change initiatives, e.g. design and implementation of new processes or control frameworks
• Strong organisational skills with the ability to multitask and prioritise as well as to work under pressure and to tight deadlines
• Confidence to take ideas forward and to challenge others, where appropriate, with experience in influencing, facilitating and gaining consensus
• Strong verbal and written communication skills with ability to effectively engage with a wide range of stakeholders and senior management, including presenting to risk committees
• Ability to work in a small team environment, building and maintain a network of contacts and collaborating with a large number of stakeholders
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.
Company Profile
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, and individuals from more than 1,200 offices in 43 countries.
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. Morgan Stanley 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.
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.
The Risk Capital function within Firm Risk Management is looking for a Risk Capital Vice President to join the team, based in London, United Kingdom. The role holder will play a central role in delivering on a wide variety of capital requirements reporting processes as well as supporting initiatives including regulatory developments, capital methodology, capital assessment and forecasting, and capital impact analysis of strategic business initiatives. The role focuses primarily on credit, market and CVA risk capital across EMEA legal entities under PRA and ECB capital regimes, with additional responsibilities for Risk Capital framework in UK-based legal entities.
What you'll do in the role:
• Maintain and develop the framework for own funds requirements calculations and reporting for credit, market and CVA risk across EMEA legal entities under the PRA and ECB regimes for risk exposures covered by the advanced model permissions / FRTB SA
• Own the Risk Capital framework, including process and control framework, procedures and outsourcing
• Deliver comprehensive analytical review and provide insightful commentary explaining capital requirements to key internal and external stakeholders
• Participate in and contribute to the delivery of large, complex regulatory projects including internal model permission applications, CRR3 implementation (including FRTB) and Trading activity wind-down
• Coordinate the Risk-owned contributions to the Internal Capital Adequacy Assessment Process (ICAAP) and other capital forecasting and capital planning exercises, e.g. recovery and resolution planning
• Represent Risk Capital function in interactions with EMEA regulatory authorities, including preparation of materials and participation in the regulatory meetings, providing clear and concise responses to information requests
• Develop and leverage detailed knowledge of relevant capital rules, to ensure ongoing compliance with prudential regulations, and as a result, contribute to the development of internal policies and procedures
• Support business initiatives in providing regulatory capital impact of large transactions and new products
• Collaborate effectively in a diverse team spread across multiple locations
FRM is committed to creating and providing opportunities that enable our workforce to reflect diverse backgrounds and views.
What you'll bring to the role:
• Bachelor's degree or equivalent, ideally in quantitative field
• Experience in the area of financial risk management (either in banking or consulting), ideally with capital markets background
• Strong understanding of capital adequacy, regulatory risk capital models, methodologies and approaches
• Experience executing relevant change initiatives, e.g. design and implementation of new processes or control frameworks
• Strong organisational skills with the ability to multitask and prioritise as well as to work under pressure and to tight deadlines
• Confidence to take ideas forward and to challenge others, where appropriate, with experience in influencing, facilitating and gaining consensus
• Strong verbal and written communication skills with ability to effectively engage with a wide range of stakeholders and senior management, including presenting to risk committees
• Ability to work in a small team environment, building and maintain a network of contacts and collaborating with a large number of stakeholders
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.
💡 Quick Summary
Seeking a career-building opportunity? The Risk Capital Management position is now open for candidates interested in the Bank Jobs sector. This role in London offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
