Morgan Stanley
VP, e-trading - Market Risk (Risk Management)
Morgan Stanley, New York, New York, us, 10261
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, model and other risks.
Background on the Position
The position will reside within FRM's Electronic Trading Risk team in NY. The role will cover electronic trading across all asset classes including cash, derivatives, equity and fixed income products. The eTrading team within FRM oversees potential risks that electronic trading introduces, primarily across the Market and Operational Risk spectrum. The successful candidate will leverage their subject matter expertise to contribute to the NY and Global team's objectives.
Primary ResponsibilitiesReview and analysis of algorithms, including controls and testing methods, as part of 2nd Line of Defense oversight of algorithmic trading.Oversight of trading limits and controls to ensure the business is taking risk consistent with the Firm's strategy.Implementation of the governance and controls policy for FRM eTrading including assisting in the development of new controls where appropriate.Provide senior management with an independent view of the Firm's Electronic Trading Risks in relation to information and technology practices. Assess the effectiveness of relevant eTrading control environment.Support senior management governance and risk committees with Electronic Trading updates.Liaise and work with control and process owners in providing Operational Risk Coverage.Provide challenge and guidance to 1st line of defense assessments of their electronic trading risks and controls self-assessment (eRCSA).Review technology and security risk issues as well as internal and external incidents in order to help inform the 2nd line of defense independent view of the eTrading and overall technology and security risk posture of the Firm and its underlying legal entities.Develop and review metrics and escalation reports to monitor risk and control effectiveness, issues and trends.Work directly with a diverse set of stakeholders including: Sales and Trading, Business Control Units, Desk Strategists, Compliance, Internal Audit, Technology, and Regulatory relations.Maintain active dialogue with trading desks, risk management colleagues, and other support groups regarding electronic trading and hedging strategies, risk representation, and limit compliance.Communicate key risks to senior management on a regular basis, including creation of presentations articulating key risks and portfolio changes. Escalate emerging or developing risks as the technological landscape evolves.
ExperienceAn excellent academic background, including an advanced degree in a quantitative discipline, such as economics, finance, sciences or engineering. Additional qualifications, such as an FRM, would also be looked upon favorably.3+ years of experience in a role with direct exposure to electronic trading (Trading, Trading System Support, Risk Management, Technology, Compliance etc.); 10 years + of relevant industry experience.Experience with electronic trading technologies and concepts, e.g. algo development, market micro-structure, regulatory rules, and market data.Solid understanding of electronic trading and the electronic trading environment, including applicable electronic trading regulations.Proactive, with ability to work independently in a self-directed way in a collaborative, global team-oriented environment.Excellent communication skills for written, graphical and verbal presentation; ability to produce concise and effective presentations.An interest in working in a fast-paced environment, often balancing multiple high priority deliverables across different time zones.Ability to maintain strong working relationships while providing appropriate challenge and oversight.Strong knowledge of financial products. Business analysis, program/project management, involvement in governance is preferred.Proficiency with a variety of IT applications as well as a good understanding of programming is advantageous is preferred.Experience with Software Development Lifecycle (SDLC), testing and QA is very desirable.
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Background on the Position
The position will reside within FRM's Electronic Trading Risk team in NY. The role will cover electronic trading across all asset classes including cash, derivatives, equity and fixed income products. The eTrading team within FRM oversees potential risks that electronic trading introduces, primarily across the Market and Operational Risk spectrum. The successful candidate will leverage their subject matter expertise to contribute to the NY and Global team's objectives.
Primary ResponsibilitiesReview and analysis of algorithms, including controls and testing methods, as part of 2nd Line of Defense oversight of algorithmic trading.Oversight of trading limits and controls to ensure the business is taking risk consistent with the Firm's strategy.Implementation of the governance and controls policy for FRM eTrading including assisting in the development of new controls where appropriate.Provide senior management with an independent view of the Firm's Electronic Trading Risks in relation to information and technology practices. Assess the effectiveness of relevant eTrading control environment.Support senior management governance and risk committees with Electronic Trading updates.Liaise and work with control and process owners in providing Operational Risk Coverage.Provide challenge and guidance to 1st line of defense assessments of their electronic trading risks and controls self-assessment (eRCSA).Review technology and security risk issues as well as internal and external incidents in order to help inform the 2nd line of defense independent view of the eTrading and overall technology and security risk posture of the Firm and its underlying legal entities.Develop and review metrics and escalation reports to monitor risk and control effectiveness, issues and trends.Work directly with a diverse set of stakeholders including: Sales and Trading, Business Control Units, Desk Strategists, Compliance, Internal Audit, Technology, and Regulatory relations.Maintain active dialogue with trading desks, risk management colleagues, and other support groups regarding electronic trading and hedging strategies, risk representation, and limit compliance.Communicate key risks to senior management on a regular basis, including creation of presentations articulating key risks and portfolio changes. Escalate emerging or developing risks as the technological landscape evolves.
ExperienceAn excellent academic background, including an advanced degree in a quantitative discipline, such as economics, finance, sciences or engineering. Additional qualifications, such as an FRM, would also be looked upon favorably.3+ years of experience in a role with direct exposure to electronic trading (Trading, Trading System Support, Risk Management, Technology, Compliance etc.); 10 years + of relevant industry experience.Experience with electronic trading technologies and concepts, e.g. algo development, market micro-structure, regulatory rules, and market data.Solid understanding of electronic trading and the electronic trading environment, including applicable electronic trading regulations.Proactive, with ability to work independently in a self-directed way in a collaborative, global team-oriented environment.Excellent communication skills for written, graphical and verbal presentation; ability to produce concise and effective presentations.An interest in working in a fast-paced environment, often balancing multiple high priority deliverables across different time zones.Ability to maintain strong working relationships while providing appropriate challenge and oversight.Strong knowledge of financial products. Business analysis, program/project management, involvement in governance is preferred.Proficiency with a variety of IT applications as well as a good understanding of programming is advantageous is preferred.Experience with Software Development Lifecycle (SDLC), testing and QA is very desirable.
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