Associate Credit Limit Analysis - Risk Management

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. As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career. Department Profile 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. The firms Credit Risk Management Department (CRM) within FRM protects the firm from exposure to losses resulting from defaults by our lending and trading counterparties. Background on the Team Credit Limit Analysis Team plays a pivotal role within CRM. The team is responsible for monitoring Credit Limit Breaches. The team conducts detailed analysis on Potential Future Exposure (PFE) & first line/second line stress exposures and identifies true and false excesses in a timely manner to support sound risk management decisions and meet regulatory expectations. In addition, the team is responsible for credit limit reporting, providing change management support, and developing tools to assist in automation and representation of credit risk information to management. Background on the Position Credit Limit Analysis Team (CLAT) is currently seeking Analyst level candidates based in Mumbai, India. This is an exciting opportunity to join a newly established Credit Limit Analysis team in Mumbai, which is an extension of the existing Credit Risk Data Control team. The role will support efforts to implement CRMs data management processes to meet the Firms Data Policy requirements and Regulatory expectations. The role will include collaboration with partners across the globe, particularly in New York, Budapest, and London. The candidates selected will need to have a good of balance technical skills, communication skills, and process management skills. Primary Responsibilities Develop a deep understanding of Morgan Stanleys Credit Limit Framework and Policy, Credit Risk Data Architecture and Data Flow Monitor credit limit breaches and effectively identify true and false excesses In depth understanding of various Stress Scenarios, shock application and how they are relevant to the current market conditions Perform detailed analysis on Risk measures consisting of First Line & Second Line Stress to the effects of scenarios and sensitivities on exposures Understand trade bookings to evaluate how exposures will feed and impact Credit Risk Systems for various measures Support Credit Officers with detailed investigation of stressed & unstressed exposure movement for genuine excesses to assess Risk Appetite of the Counterparty Remediate recurring data quality issues by proactively engaging with various stakeholders and product experts within and outside of CRM Monitor Country and Industry risk reports and perform in depth checks on limit breaches Contribute to preparation of various reporting submissions related to limits to provide senior management with a view on Credit risk exposures in a timely manner Support other teams including Credit Officers, Risk Analytics, Stress Testing, Technology and other risk stripes in FRM and within the Firm Secondary Responsibilities Contribute to the enhancement of CRMs data management processes to meet internal requirements and Regulatory expectations (such as those established by BCBS239, 14Q, FED/PRA reports) Identify areas which can be automated or enhanced to bring more timeliness and efficiency. To get involved in change management initiatives as the technical representative from the Team