Morgan Stanley

Vice President, Banks FRM Stress Testing Lead

Morgan Stanley

New York, NY, USA
Full-TimeDepends on ExperienceSenior LevelMasters
Job Description

Are you a seasoned leader in the world of financial risk management? Do you have a passion for stress testing and a deep understanding of the banking industry? Morgan Stanley is looking for a dynamic and experienced individual to join our team as the Vice President, Banks FRM Stress Testing Lead. In this role, you will have the opportunity to lead a team and drive the stress testing agenda for our banking clients. We are seeking a highly motivated and results-driven individual with strong analytical skills and a proven track record in managing and mitigating financial risks. If you have a proven ability to thrive in a fast-paced and ever-changing environment, we want to hear from you. Join our team and make an impact on the future of risk management at one of the world's leading financial institutions.

  1. Develop and oversee stress testing strategies for various banking clients, ensuring compliance with regulatory requirements and industry best practices.
  2. Lead a team of risk management professionals, providing guidance and direction to ensure successful execution of stress testing initiatives.
  3. Conduct in-depth analysis of financial data to identify potential risks and recommend mitigation strategies to senior management.
  4. Collaborate with cross-functional teams, including risk modeling, finance, and regulatory compliance, to gather relevant information and insights for stress testing.
  5. Stay up-to-date with industry developments and regulatory changes related to stress testing and communicate potential impacts to senior management.
  6. Present stress testing results and recommendations to senior leadership and participate in discussions to inform decision-making.
  7. Develop and maintain relationships with banking clients, providing support and guidance on stress testing processes and results.
  8. Monitor and report on the progress of stress testing initiatives, identifying and addressing any potential roadblocks or issues.
  9. Ensure the accuracy and integrity of stress testing data and results, adhering to internal controls and procedures.
  10. Mentor and develop team members, providing coaching and training to enhance their skills and knowledge in stress testing and risk management.
Where is this job?
This job is located at New York, NY, USA
Job Qualifications
  • Advanced Degree In Finance Or Related Field: The Ideal Candidate For This Role Should Possess A Graduate Degree In Finance, Economics, Or A Related Field. This Will Demonstrate A Strong Understanding Of Financial Concepts And The Ability To Analyze Complex Data.

  • Certified Financial Risk Manager (Frm): A Candidate With A Frm Certification Would Be Highly Preferred For This Role. This Certification Showcases A Deep Understanding Of Risk Management Principles, Which Is Essential For Leading The Stress Testing Function At A Top-Tier Bank Like Morgan Stanley.

  • Extensive Experience In Stress Testing: The Candidate Should Have A Minimum Of 7-10 Years Of Experience In Stress Testing. This Should Include A Solid Understanding Of Regulatory Requirements, Stress Testing Methodologies, And Scenario Analysis.

  • Strong Leadership Skills: As The Vice President And Lead Of The Frm Stress Testing Team, The Candidate Will Be Responsible For Managing A Team Of Analysts And Overseeing The Stress Testing Process. Therefore, Strong Leadership Skills, Including The Ability To Motivate And Develop Team Members, Are Essential For Success In This Role.

  • Excellent Communication And Presentation Skills: The Candidate Should Possess Excellent Verbal And Written Communication Skills, As Well As The Ability To Present Complex Data And Findings To Senior Management And Regulators. This Will Be Crucial In Effectively Communicating The Results Of Stress Tests And Providing Recommendations For Risk Management Strategies.

Required Skills
  • Risk Management

  • Financial Analysis

  • Financial Reporting

  • Strategic Planning

  • Project Management

  • Communication

  • Leadership

  • Team Building

  • Stress testing

  • Data Analytics

  • Regulatory compliance

  • Stakeholder management

Soft Skills
  • Communication

  • Conflict Resolution

  • Emotional Intelligence

  • Leadership

  • Time management

  • Interpersonal Skills

  • creativity

  • Teamwork

  • Adaptability

  • Problem-Solving

Compensation

According to JobzMall, the average salary range for a Vice President, Banks FRM Stress Testing Lead in New York, NY, USA is $152,000 - $222,000 per year. This may vary depending on the specific company, level of experience, and other factors.

Additional Information
Morgan Stanley is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.
Required LanguagesEnglish
Job PostedApril 16th, 2024
Apply BeforeJuly 20th, 2025
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About Morgan Stanley

Morgan Stanley provides investment banking products and services to its clients and customers including corporations, governments, financial institutions, and individuals. It operates through the following business segments: Institutional Securities, Wealth Management, and Investment Management. The Institutional Services segment provides financial advisory, capital-raising services, and related financing services on behalf of institutional investors.

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