Morgan Stanley
Counterparty Credit Risk - Associate
Profile Description
Were seeking someone to join our team as a [Associate] to [Counterparty Credit Risk team].
Firm Risk Management
In the Firm Risk Management division, we advise businesses across the Firm on risk mitigation strategies, develop tools to analyze and monitor risks and lead key regulatory initiatives.
Company Profile
Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions, and individuals around the world achieve their financial goals.Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.
What Youll Do In The Role
- Perform deep-dive, data-driven analysis of counterparty exposures across asset classes including Over the Counter (OTC) & Cleared Derivatives, Prime Brokerage, Securities Financing, and other traded products.
- Contribute to internal stress testing, and scenario analysis processes.
- In-depth knowledge of macro-financial linkages and stress testing methodologies across risk types.
- Monitor firm-wide exposures, including counterparty, sector, product, and geographic concentrations, and assess how these evolve under different macroeconomic conditions.
- Validate and execute of firm-wide macroeconomic scenarios to assess the impact of systemic and idiosyncratic shocks on exposures.
- Investigate drivers of exposure changes (e.g., market moves, collateral fluctuations, trade activity) and assess risk implications which would contribute to credit metrics like Current Exposure (CE), Potential Exposure (PE), Effective Expected Positive Exposure (EEPE) etc.,
- Decompose exposures into market, product, and counterparty-level drivers to provide precise attribution and trend diagnostics.
- Identify wrong-way risk, right way risk, tail risk concentrations, and exposure sensitivities under dynamic market scenarios.
- Investigate and resolve data inconsistencies by working closely with Technology, Operations and Risk Reporting teams.
- Provide support to credit officers and business units by supplying up-to-date exposure and utilization metrics.
- Clearly communicate risk insights, breaches, or data concerns to senior stakeholders across regions.
- Serve as a key point of contact for exposure-related queries from credit officers, coverage teams, and business units.
- Support internal and external audits by documenting exposure controls, exception tracking, and process walkthroughs.
- Identify opportunities to automate manual tasks and enhance monitoring tools to support proactive risk management.
- Contribute to firmwide initiatives on risk management practices, credit limit framework revisions and exposure model upgrades.
- Technical skills such as data extractions via SQL, Python knowledge is a plus
Skills/Experience
What youll bring to the role:
- Bachelor&aposs or master&aposs degree in finance, Economics, Engineering, Mathematics, or a related field.
- 5 years of relevant experience in counterparty risk or exposure management in a financial institution.
- Knowledge of traded products (OTC derivatives, repos, stock lending, cleared transactions).
- Familiarity with exposure credit metrics, Netting, and collateral concepts (ISDA/CSA/GMRA/GMSLA) etc.,
- High proficiency in Excel; experience with SQL, Python, or risk platforms is a plus.
- Strong attention to detail and analytical rigor with a commitment to data quality.
- Excellent communication and interpersonal skills to effectively engage with cross-functional teams.
- Knowledge of regulatory frameworks including Basel, CCAR is preferred.
What You Can Expect From Morgan Stanley
We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - arent just beliefs, they guide the decisions we make every day to do what&aposs best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, youll 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. Theres also ample opportunity to move about the business for those who show passion and grit in their work.To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.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.
