What are the responsibilities and job description for the Stress Testing PMO (Risk Management) : Job Level - Vice President position at Morgan Stanley?
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, model and other risks.
Background on the Position
The role will reside within the Firm Risk Management's (FRM) Portfolio Stress Testing Program Management Team to support the Firm's stress testing programs and capital planning initiatives across Risk Identification, Scenario Design Framework and Stress Testing Analytics. The position will be involved in program management of the stress testing initiatives, including regulatory engagement, governance framework and documentation processes to inform the Firm's risk management and capital planning processes.
The role involves working with a variety of business units and risk professionals across the organization. This position offers opportunities to gain exposure to all aspects of risk management and capital planning and to senior risk managers. The group works in close collaboration with subject matter experts in Market Risk, Credit Risk, Finance, Risk Analytics, Reporting and Model Risk Management, as well as other departments within the Firm.
Primary Responsibilities
We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 85 years. At our foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry.
We're committed to bringing passion and customer focus to the business.
Expected base pay rates for the role will be between $120,000 and $200,000 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).
Background on the Position
The role will reside within the Firm Risk Management's (FRM) Portfolio Stress Testing Program Management Team to support the Firm's stress testing programs and capital planning initiatives across Risk Identification, Scenario Design Framework and Stress Testing Analytics. The position will be involved in program management of the stress testing initiatives, including regulatory engagement, governance framework and documentation processes to inform the Firm's risk management and capital planning processes.
The role involves working with a variety of business units and risk professionals across the organization. This position offers opportunities to gain exposure to all aspects of risk management and capital planning and to senior risk managers. The group works in close collaboration with subject matter experts in Market Risk, Credit Risk, Finance, Risk Analytics, Reporting and Model Risk Management, as well as other departments within the Firm.
Primary Responsibilities
- Drive governance framework and processes for stress testing in FRM, including due diligence, review and challenge, documentation, and senior management committees
- Manage end-to-end coordination and completion of CCAR documentation, regulatory exams, internal audits and independent reviews
- Lead project management of the Firm's risk management and capital planning initiatives within FRM, overseeing timelines, work streams, issue and action plan management
- Produce documentation and presentations to effectively communicate key information to senior management and regulators
- Work with stakeholders across FRM to ensure regulatory compliance, policy alignment and process efficiency improvements Experience/Skills
- Experience in project or process management at financial institutions.
- Detailed-oriented, able to handle complex processes and heavy documents.
- Good listener, strong interpersonal and communication skills
- Ability and willingness to engage partners at different levels.
- Time-management and multi-tasking skills.
- Proficiency in MS Excel, Word and PowerPoint.
- Knowledge of risk management in financial institutions.
- Experience in large institution capital stress testing (CCAR/DFAST) preferred.
We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 85 years. At our foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry.
We're committed to bringing passion and customer focus to the business.
Expected base pay rates for the role will be between $120,000 and $200,000 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).
Salary : $120,000 - $200,000
