Job Information
Morgan Stanley Commodities Non-Market Risk VP/ED in London, United Kingdom
Commodities Non-Market Risk Manager – Vice-President/Executive Director, London
The Fixed Income Division (FID) is comprised of Commodities, Interest Rate and Currency Products, Credit Products and Distribution. Professionals in the Division assess and actively manage risk, trade securities, and structure as well as execute innovative transactions in the fast-paced and constantly changing global markets. The Commodities Division is a market leader across a broad range of commodities markets, with expertise in areas including client risk management, financing solutions and investor products Sales & Trading.
Business Control Unit (“BCU”) is a 1st line team within FID which covers several risk areas, including Non-Market Risk (including Operational Risk, Franchise Risk, Conduct Risk) and Counterparty Risk.
The Non-Market Risk team with in BCU includes various business focal leads who act as the primary interface for BCU with the business. The business focal leads act as the 1st Line of Defence with responsibility to identify, resolve and manage risk through rigorous and balanced challenge at a transactional, operational, and strategic level. The team is there to support and partner with business activity and strategic initiatives but ensuring this is done within framework set out by the firm’s risk policies and governed by the respective governance forums. As part of this the team work closely with colleagues across BCU and the 2nd line to ensure appropriate controls and processes are in place including implementation of new control and processes resulting from new regulation or new business initiatives/products.
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 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?
The candidate would be expected to undertake a wide range of duties, with a specific focus towards the Commodities Division, often having to manage multiple tasks with frequent changes to priorities with the goal of ensuring the department can get ahead of potential non-financial risk issues and therefore retain our high standards of client focus and delivery. The ideal candidate will be able to demonstrate a proven track record in managing and mitigating risk in addition to displaying excellent commodities market knowledge, across the full suite of asset classes. This role will be perfect for someone who is excited by helping shape the business unit risk management function and by building a best in class function. To this end, you will need to be driven, resilient and excited by change.
-Be the primary BCU focal point within the commodities division supporting the business in resolving and managing risks across sales and trading and providing proactive and balanced challenge to the business and 2nd line functions.
Work closely with the BCU teams in Frankfurt and Paris as well as North America and APAC to ensure a coordinated approach of business support
Transactional:
Act as a key member of the deal team, partnering with Commodities Sales and Trading and respective functions on commodities transactions to identify, challenge and resolve risks and to
ensure business strategy and transaction decisions are within our non-financial risk appetite
Own the Transaction Review Group which seeks to present and challenge bespoke/nuanced/complex transactions - Partner with the BU and 2nd line throughout the life cycle of complex trades (structuring, review, and execution)
New Activity/Products:
Partner with the Commodities Division in the development/implementation of new products including managing the buildout of respective risk and control frameworks
Support broader strategic initiatives and growth
Risk Management:
-Assist with risk identification and mitigation activities arising from normal day to day activity, market activity, operational events, regulatory changes by interfacing with other teams and divisions such as Legal & Compliance, Operations, Technology and Sales and Trading
Lead investigations into operational incidents working with other stakeholders in the team
Co-ordinate responses and manage any remedial actions identified by compliance test checks, internal audit, regulators, and exchange venues
Understand and manage the implementation of changes driven by new regulatory obligations - Organise and host progress meetings and working groups with stakeholders
Co-ordinating activities across multiple delivery work streams
Delivering periodic and ad-hoc reports to the fixed income operating committee, desk heads and wider support functions within Morgan Stanley
-Assisting with the growth of appropriate risk culture through the division, through training sessions, appropriate escalation and general conduct.
What we’re looking for:
-Proven non-market risk experience from a bank or equivalent environment.
Previous Commodities experience in a Financial or Legal environment
Good understanding of project management essential.
-For ED level candidates; demonstrable ability to work unsupervised and manage senior level stakeholder relationships.
For VP level candidates; demonstrable experience in working with minimal supervision and in building stakeholder relationships at different levels of seniority.
Skills that will help you in the role:
A bachelor’s degree or equivalent (Law or Economics preferable)
Excellent knowledge of Power point and MS Excel required
Strong analytical / problem solving skills
Excellent communication skills, verbal, and presentations
Good attention to detail & organisation skills
Confident, self-starter, assertive and energetic
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 clickinghere.
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.#LI-KF1
Job: *Investment Banking/Sales/Trading/Research
Title: Commodities Non-Market Risk VP/ED
Location: Europe, Middle East, Africa-GBR-GBR-London
Requisition ID: 3251197