Stress Testing and Capital Planning Vice President

Morgan Stanley is seeking a Vice President with relevant risk management experience to join the Stress Testing and Portfolio Risk team in the Risk Division in Frankfurt. The role will report locally to the MSESE Group Head of Risk Control, Stress Testing and Capital and functionally to the EMEA Head of Stress Testing, Portfolio Risk and Capital. The role holder will collaborate with personnel in the Budapest and London Risk teams.

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 Stress Testing and Portfolio Risk team is responsible for controlling and reporting aggregate risk positions, for coordinating and executing stress testing across risk types and for providing relevant management information and insights. The team also leads the execution of cross risk processes such as ICAAP, Resolution and Recovery Planning (RRP), Risk ID, risk appetite and regulatory stress tests.

Primary Responsibilities

• Contribute to the execution of cross risk stress testing activities, in particular the Risk Division's contributions to the group-wide capital planning related exercises including ICAAP, RRP as well as regulatory stress tests (EU-wide and thematic), together with specialists from risk teams in Frankfurt, London and Budapest
• Contribute to the continuous development of relevant methodologies for economic capital and stress testing as well as relevant production processes
• Support interactions with supervisory bodies and external auditors in the context of cross risk stress testing and capital planning activities
• Maintain relevant policies and procedures
• Ensure compliance with relevant regulations and contribute to self-assessments
• More broadly, the role holder will contribute where appropriate to regional or global Risk Division initiatives, projects, and home or host regulatory requests

FRM is committed to creating and providing opportunities that enable our workforce to reflect diverse backgrounds and views.

What we are looking for:

• Bachelor's degree or equivalent, ideally in Finance, Economics, Sciences or Engineering
• Experience in financial risk management (either from working in banking or management consulting), ideally in a capital markets context
• Experience in dealing with financial regulators including topics such as SREP etc.
• Strong understanding of capital adequacy concepts across various components, especially in the context of ICAAP / RRP and regulatory stress testing
• Strong organisation skills with the ability to multitask and prioritise as well as to work under pressure and to tight deadlines
• Confidence to take ideas forward and to challenge others, where appropriate, with experience in influencing, facilitating and gaining consensus
• The ability to effectively communicate with a wide range of stakeholders, both written and verbally
• Fluency in English is required, with German as an advantage
• The ability to work effectively in a small team environment, building and maintaining a network of contacts and coordinating with a large number of stakeholders

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. 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. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

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Certified Persons Regulatory Requirements:
If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.

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.

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.