Morgan Stanley - Analyst/Associate - ICAAP Prudential Risk - EMEA Stress Testing & Portfolio Analysis Team

Position Description

Morgan Stanley seeks a professional with previous experience in a multi-disciplined risk management function at the Analyst/Associate level to work in the EMEA Stress Testing and Portfolio Analysis team in Mumbai. This team is part of the Morgan Stanleys independent risk management function and is responsible for monitoring and analysing the EMEA and UK Groups portfolio and enterprise wide stress testing risks across all risk types. The team is a key driver in the ICAAP (Internal Capital Adequacy Assessment Process), reverse stress testing, economic capital framework, various regulatory initiatives and capital related exercises, from a risk perspective.

Based in Mumbai, this role will assist in the EMEA and UK groups efforts on managing the aggregate deliverables for cross risk for ICAAP, recovery planning, risk identification and coordination of the broader teams self-assessments and audits. Role involves working with multiple stakeholders across Risk Management, Finance, Treasury, Business Units and IT to support reporting capabilities and process enhancements.

Primary job responsibilities -

The individual is expected to support calculation and analysis of stressed capital requirements for ICAAP purposes, in order to assess and maintain adequate capital to cover the institutions risks -

- Production and consolidation of ICAAP & Reverse Stress Testing capital numbers supporting both the London and Frankfurt entities. Providing timely results with comprehensive analysis including the review of assumptions and parameters in the methodologies

- Maintaining and running an effective process at appropriate frequency including creating, maintaining and automating tools to ensure timely delivery of stress test results. Coverage includes stressed RWAs for Market Risk, Counterparty, Lending and CVA portfolios

- Run ad-hoc requests including sensitivity analysis and deep dives, and provide recommendations

- Work across the various teams in the risk department and discuss the appropriateness of the ICAAP results

- Work with IT to request and test system enhancements

- Prepare appropriate materials on stress testing for various risk committees

- Supporting the execution of a quarterly risk identification process and maintenance of the Risk Identification Framework:

- Liaise with various teams across the risk department and Finance to coordinate quarterly risk identification and materiality assessments, including communication of requirements and timelines, status tracking, and assisting with systemic queries

- Maintain adequate governance and controls, including independent challenge of risk inventory and materiality assessments, attestation, and senior management reviews

- Produce aggregate reporting and analysis of results, including materials for workshops and risk committees

- Support project management related activities to enhance the risk identification and assessment (RIA) technology platform and develop separate Workstreams for other EMEA Legal Entities

- Maintain user recommended technology enhancements and integrate into overall requirements

- Maintain key documentation related to the application such as data dictionary, user guides, and training material

- Perform user acceptance testing for technology enhancements

- Coordinate and contribute to the annual refresh of Risk Identification Procedures and Materiality Thresholds, ensuring the Firms best practices are adopted, as appropriate

- Support coordination and input into the broader teams self-assessments, audit activities and overall deliverables:

- Coordinate the teams annual Risks and Controls Self-Assessment (RCSA) process

- Liaise with Internal Audit teams during fieldwork and issue/action plan closures

- Coordinate tracking of the teams goals/actions/governance deliverables, including assisting with issue/action plan closures

- Coordinate and contribute to the annual refresh of Stress Testing Procedures

- Assist in producing/updating process flows, maintaining framework standards

Skills desired -

- Masters or equivalent degree in finance, economics, mathematics with excellent academic background

- Relevant work experience in risk management, treasury capital management or regulatory reporting at an investment bank, universal bank or consulting firm

- Proficient in use of Excel, VBA, SQL, R, Python and Powerpoint (V.Imp)

- Experience with large set of data and databases is a plus

- Strong understanding of traded and lending products, and the behaviour of these portfolios under stress

- Strong understanding of credit risk, counterparty risk and market risk principles and their key drivers

- Excellent interpersonal and communication skills.

- Capable of communicating clearly and concisely to various levels of audiences

- Resilient, self-managing and highly organized with a quality and delivery mindset