Market Risk Stress Testing Associate

Full Job Description

Market Risk Stress Testing Associate

Job Number:


POSTING DATE: Sep 7, 2021

PRIMARY LOCATION: Americas-United States of America-New York-New York

EDUCATION LEVEL: Bachelor’s Degree

JOB: Market Risk


JOB LEVEL: Associate


Company Profile

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 five core values rooted in integrity, excellence and strong team ethic:

1. Putting Clients First

2. Doing the Right Thing

3. Leading with Exceptional Ideas

4. Giving Back

5. 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.

Our mission is to serve as the following roles:

Independent agent to set consistent principles and disciplines for risk management

Strategic advisor to Firm management for setting risk appetite and allocating capital

Industry leader to influence and meet regulatory standards

You will collaborate with colleagues across FRM and the Firm to protect the Firms 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

Organizational influence

Creative and practical solutions

Meritocratic and diverse culture

Job Profile

This Associate level role resides within the Market Risk Stress Testing team, based in New York City. The Market Risk Department is looking for an employee knowledgeable about the principles of scenario design and stress testing, with a general knowledge of Market Risk principles, Macro-economic theory and a self-starting nature.


Design and implement a broad range of scenarios for regulatory, Firm-wide and ad-hoc scenarios.

Stay abreast of market trends, emerging risks and macro-economic themes

Continue to enhance the Firms? BAU and Regulatory stress testing frameworks to ensure best-in-class capabilities.

Clearly communicate requirements to analytics teams and subject matter experts

Liaise with teams across Firm Risk Management and control functions regarding Firm and Regulatory objectives.


Skills Required

Strong grasp of scenario design including an understanding of market dynamics and macro-economic themes.

Strong writing and presentation skills to effectively bring forward the themes associated with scenario design.

Interpersonal and communication skills with the ability to liaise with a broad range of participants including senior management, market risk specialists, macro economists and analytics teams.

Bachelor?s degree required; Master?s degree or higher is preferred

Minimum of 3 years of experience preferred in the financial services industry (particularly risk management, sales and trading or banking)

Skills Desired

CCAR and other regulatory experience

Quantitative skills with respect to macro-economic models



This company is hiring for this role at multiple locations.

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