Risk Reporting Associate
WM Credit Risk Reporting – Associate - NYC
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.
The talent and passion of our people is critical to our continued success as a firm. Together, we share four core values rooted in integrity, excellence and strong team ethic:
Putting Clients First
Doing the Right Thing
Leading with Exceptional Ideas
Committing to Diversity and Inclusion
Morgan Stanley is committed to helping its employees build meaningful careers and we strive to be a place for people to learn, achieve and grow.
Firm Risk Management
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.
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
Creative and practical solutions
Meritocratic and diverse culture
Background on the Position
The role will reside within the Firm Risk Management’s
Wealth Management Credit Team.
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 Credit Officer, Chief Risk Officer & senior management. CRM also interacts with business units to ensure that credit risk assessments are factored into business decisions.
Wealth Management (“WM”) provides a comprehensive array of financial services and solutions to individual investors and small to medium-sized businesses and institutions covering: brokerage and investment advisory services; financial and wealth planning services; stock plan administration services; annuity and insurance products; securities-based lending, residential real estate loans and other lending products; banking; and retirement plan services.
The Wealth Management Data and Reporting Team produces key reports for senior management, regulators and Credit Officers, ensuring high-quality data for decision-making. This role is focused on producing, analyzing and enhancing Credit and enterprise-wide risk reporting using analytical tools (VBA, SQL, Excel) and PowerPoint.
The role offers an opportunity to work closely with Risk teams, WM Businesses, IT, Finance, and Operations as well as other stakeholders that support WM. Primary responsibilities include:
Lead training and development efforts for Mumbai team. Provide coaching in their analysis and automation efforts
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