Executive Director - Market Risk (Risk Management) - Commodities

Descrption:
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
The role will reside within the Firm Risk Management's Market Risk Department (MRD) which is a team dedicated to providing governance and oversight of all Market Risk arising from the Firm's business activities. This is a Executive Director level role in New York, located on the trading floor, as part of the Market Risk coverage team for the commodities division. This role encompasses extensive interaction with trading teams, various risk functions, IT and other control groups, with a particular focus on day-to-day market Risk Management, scenario analysis and stress testing for the commodities business which includes north America power and gas, EU power and gas, emissions, oil and oil products, metals and agricultural products. Candidate is expected to lead a team of risk managers covering all commodity products with a primary focus on north American power and gas.
Primary Responsibilities

• • Analyze structured transactions, complex client trades in commodities markets, and provide required approvals where necessary
  • Provide leadership on the commodities Market Risk team and think proactively and strategically about risk analyses of structured transactions
  • Maintain constant dialogue with commodities trading desks and front office support groups regarding trading strategies, limit usage, and risk representation of client transactions
  • Work closely with the trading Desk, Risk Infrastructure team and Market Risk technology, to ensure that key risks are identified, measured, managed and produced on a timely and accurate basis.
  • Escalate key risks to management with relevant ad-hoc analysis in a timely fashion. Work closely with the MRD commodities coverage team and the broader Firmwide risk groups to devise and implement CCAR level shocks and all related analyses. #LI-JB3

Qualifications:
Experience

• • Desired strong leadership and management skills. Strong communications skills in order to design and deliver clear risk presentations to senior management
  • Suitable candidates will have commodities market Risk Management experience (especially North American Power & Gas markets), an excellent academic background, including an advanced degree in economics, finance, or engineering.
  • Preferred strong familiarity with VaR calculations, stress testing and scenario analysis for commodity products.
  • Attention to detail, project management and prioritization skills will be key in balancing daily deadlines with timely implementation of strategic projects.
  • Candidates will be expected to show good judgment of risks and an understanding of commodities markets (power & gas in particular), including models and products.
  • Preferred strong quantitative and technical skills (e.g. SQL, R, Matlab, Python, Excel) preferred as data analysis is a core component of the role.
  • Desired proficiency in MS Office and related applications (PowerPoint, Excel, Word)
  • Detail oriented with exceptional organizational skills. Superior analytical thinking and problem-solving abilities
  • Proven leadership ability with strong relationship building and client management skills
  • Plus: FRM or ERP certification

Expected base pay rates for the role will be between $160,000 and $250,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet). #LI-JB3