Morgan Stanley

Market Risk Controller - Director

Location
Glasgow, UK
Salary
Not disclosed
Posted
27 Feb 2024
Closes
27 Mar 2024
Ref
3246953
Approved employers
Approved employer
Contract type
Permanent
Hours
Full time
Experience level
Director

Job Description

The Market Risk Control (MRC) team is responsible for executing and supervising a variety of regulatory-driven controls with regard to the Firm's Value at Risk (VaR) Backtesting, and Banking vs. Trading Book boundary processes. The team is also a key contributor to the associated internal and external reporting and in the development of new processes to comply with upcoming regulatory rule changes. Given this broad remit, the MRC team work closely with a wide range of clients and stakeholders globally, e.g. - the Market Risk department, Risk Analytics, Model Risk Management, Operations, Regulatory Policy, Legal Entity Controllers, Product Controllers, and the Business Unit. This breadth of interaction provides an excellent and somewhat unique opportunity to learn about a range of businesses and products across the firm. Market Risk Control have a footprint in Glasgow, Budapest, New York, London, and Tokyo.

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 a 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?

As part of the Market Risk Control organisation within Glasgow the successful candidate will be involved in supporting the ongoing compliance with existing processes and reporting, and in assessing/developing new processes to meet future Regulatory requirements.

  • Support the delivery of time-sensitive internal and external reports and queries from senior management, auditors, and regulators.
  • Develop an understanding of the regulatory requirements of VaR Backtesting, and Banking/Trading delimitation across multiple jurisdictions and rulebooks, and be able to explain how the Firm evidences compliance.
  • Support the strategic development of Firm systems, partnering with IT teams to explain, prioritise, test, and implement new business requirements (in particular, involving change-the-bank 'Fundamental Review of the Trading Book / Basel III endgame' initiatives).
  • Challenge processes and procedures to enhance controls and streamline efficiencies.
  • Assist with the preparation of governance materials and support the maintenance and development of documentation to the standard that can be shared with regulators.
  • Partner with wider MRC team both locally and globally on cross-silo initiatives/projects.
  • Develop and maintain relationships with a range of clients /stakeholders including Product Control, Risk Management, and Regulatory Policy teams.

Qualifications

What we’re looking for:

  • Work experience within large financial services firms or other directly relevant experience (commensurate with the role being applied for). An awareness in Financial Markets/products and the Basel Regulatory environment.
  • Close attention to detail and highly numerate. Strong commitment to developing their own skills. Strong verbal and written communication skills.
  • Excellent Microsoft Office skills (Excel, Teams, PowerPoint, Word) and be proficient in data mining and investigating complex issues to extract key themes and discover root causes.
  • The flexibility required to work in a dynamic environment under tight deadlines taking accountability and ownership for multiple deliverables.
  • High level of guardianship - ensuring that exceptions are identified, resolved, and escalated on a timely basis.
  • Track record of proactively driving projects forward and working closely with IT development teams to deliver change

We offer:

  • The opportunity to work in the Finance department of one of the world's top tier Financial Institutions and gain a first-hand insight into our business.
  • Professional development opportunities including access to Morgan Stanley's world-class internal training program.
  • Enriching challenges that provide opportunity for constant learning and advancement.
  • A supportive and vibrant diverse environment; we are inclusive of individual backgrounds and leverage them to foster our work environment and culture.
  • A balance between personal and professional lifestyles, including flexible working opportunities such as work-from-home arrangements.
  • High-specification office space with leading technologies, collaborative working spaces, and well-being facilities including an onsite fitness suite

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.

Internal Applicants:

Internal mobility can be a way to grow your career and realize your professional potential. Typically, you must be in your position for at least 18 months and performing satisfactorily before applying for another job at the Firm. Internal applicants can find out more regarding career navigation, mobility guidelines, and policy on our employee portal by clicking here.

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.

For further information, and to apply, please visit our website via the “Apply” button below.

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