ICAAP Portfolio Risk Associate

ICAAP Portfolio Risk Associate at Morgan Stanley

Join Morgan Stanley's Firm Risk Management division as an ICAAP Portfolio Risk Associate. This role focuses on back & middle office business change, risk, and regulatory initiatives, working within a wider business analysis project team.

About Morgan Stanley

Since 1935, Morgan Stanley has been a global leader in financial services, consistently evolving to serve clients and communities across more than 40 countries. The firm is dedicated to its values: putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back. Employees are supported, empowered, and encouraged to collaborate, leveraging diverse backgrounds and experiences. Morgan Stanley offers attractive and comprehensive employee benefits and ample opportunities for career growth.

What You'll Do In This Role

• Manage the Internal Capital Adequacy Assessment (ICAAP) Stress buffer production process for key EMEA Legal Entities, collecting and presenting combined Stress Loss and Stress RWA information.
• Analyze and interpret Stress Loss and Stress RWA information across Credit, Market, and Operational Risk.
• Work with large datasets, perform reconciliations, and validate data feeds to ensure consistency and reliability.
• Prepare documentation and presentations to effectively communicate key information to senior management and governance committees.
• Manage portfolio risk through the analysis of stress testing scenarios, applying market and risk exposure knowledge to construct new scenarios and interpret results.
• Collaborate with functions like Risk Managers, Risk Reporting, Treasury, and IT to ensure timely and accurate scenario production.

What You'll Bring To This Role

• Bachelor’s or higher degree in a quantitative field such as Finance, Economics, or Mathematics.
• Minimum of 3 years' relevant experience.
• Knowledge of financial markets and products, with familiarity in macroeconomic events.
• Risk domain expertise and familiarity with regulatory frameworks (Basel 2.5, Basel III, FRTB).
• Confident proficiency in Microsoft Excel and PowerPoint.
• Excellent communication, organizational, and interpersonal skills.
• Strong motivation to learn and improve.

Key skills/competency

• ICAAP
• Portfolio Risk Management
• Stress Testing
• Regulatory Compliance
• Financial Markets
• Credit Risk
• Market Risk
• Operational Risk
• Data Analysis
• Basel Frameworks