# Asset Liability Management Risk Manager (Risk Management) : Job Level - Associate/Analyst [Morgan Stanley](https://www.jorb.ai/firms/morgan-stanley.md) · New York · United States · [Risk & Compliance](https://www.jorb.ai/jobs/risk-compliance.md) Morgan Stanley is hiring a Asset Liability Management Risk Manager (Risk Management) : Job Level - Associate/Analyst in New York. Posted 2026-03-17; applications close 2026-05-16. **Apply**: https://ms.wd5.myworkdayjobs.com/External/job/New-York-New-York-United-States-of-America/Asset-Liability-Management-Risk-Manager--Risk-Management----Job-Level---Associate-Analyst_PT-JR032199 Posted 1mo ago. ## Role details ## Overview **Firm Risk Management (FRM)** supports Morgan Stanley in achieving its business objectives by partnering with business units across the Firm to deliver efficient, risk‑adjusted returns. FRM acts as a strategic advisor to senior management and the Board and protects the Firm from exposure to losses arising from credit, market, liquidity, operational, model, and other risks. ## Background on the Position This role sits within Firm Risk Management, on the Asset Liability Management (ALM) Risk team, which is responsible for identifying, assessing, and monitoring interest rate risk in the banking book, and for establishing limits that articulate the Firm’s risk appetite relative to its capital and earnings profile. The successful candidate will join a high‑visibility team that works closely with Corporate Treasury, the Chief Investment Office (CIO), and senior risk management leadership. The role offers meaningful exposure to firm‑wide balance‑sheet strategy, interest rate risk governance, and regulatory engagement. This position is well suited for a highly analytical individual who is comfortable working directly with large datasets and risk metrics and who is eager to apply SQL and Python to real‑world balance‑sheet and risk management problems. ## Primary Responsibilities - Identify, assess, and monitor key banking book interest rate risk metrics, including Net Interest Income (NII) and Economic Value of Equity (EVE) sensitivities - Analyze banking book portfolios across deposits, debt issuance, derivatives, and investment securities to understand risk drivers and structural exposures - Develop and maintain analytical tools and datasets using SQL and Python to support recurring risk monitoring, ad‑hoc analysis, and senior management reporting - Partner with Corporate Treasury, CIO, and risk management colleagues on balance‑sheet strategy, risk representation, and limit setting - Prepare and present concise, decision‑oriented materials for senior management, Risk Committees, and Regulators on a regular basis - Liaise with Treasury, business stakeholders, and other risk teams to ensure the accuracy, consistency, and appropriateness of interest rate risk representation - Contribute to the ongoing enhancement of ALM risk frameworks, processes, and controls, including automation and analytical deepening where appropriate ## Experience & Qualifications - Bachelor’s degree required; 1–2 years of relevant experience - Prior exposure to Treasury, ALM, or balance‑sheet risk is strongly preferred - Strong hands‑on proficiency in SQL and Python, with experience analyzing large, complex datasets and building repeatable analytical workflows - Demonstrated curiosity and self‑motivation to develop deep expertise in financial products, interest rate markets, and risk management practices - An entrepreneurial mindset, with interest in improving existing processes and helping build scalable risk analytics and frameworks - Strong written and verbal communication skills, with the ability to translate technical analysis into clear messages for senior audiences - Excellent attention to detail, organizational skills, and the ability to balance day‑to‑day deliverables with longer‑term strategic projects ## What You Can Expect from Morgan Stanley At Morgan Stanley, we raise, manage and allocate capital for our clients—helping them reach their goals. Our values—putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back—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. Our teams are relentless collaborators and creative thinkers, fueled by diverse backgrounds and experiences. We support our employees and their families with comprehensive benefits and opportunities to move across 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. ## Compensation & Levels **Associate Level:** Expected base pay range is $100,000–$140,000 per year at start. Base pay is determined on an individualized basis and is part of a total compensation package that may include commission, incentive compensation, discretionary bonuses, other short and long‑term incentives, and Morgan Stanley sponsored benefits. **Analyst Level:** Expected base pay range is $75,000–$95,000 per year at start. Base pay is determined on an individualized basis and is part of a total compensation package that may include commission, incentive compensation, discretionary bonuses, other short and long‑term incentives, and Morgan Stanley sponsored benefits. ## Equal Opportunity Morgan Stanley is an equal opportunity employer committed to diversifying its workforce. Our policy ensures equal employment opportunity without discrimination or harassment based on race, color, religion, creed, age, sex, gender identity or expression, sexual orientation, national origin, citizenship, disability, marital and civil partnership status, pregnancy, veteran or military status, genetic information, or any other characteristic protected by law. Morgan Stanley encourages applicants from all talent pools and is committed to creating an inclusive environment for all employees (M/F/Disability/Vet). ## More open roles at Morgan Stanley - [2026 Investment Management Off-cycle Internship - Real Estate Investing (London)](https://www.jorb.ai/jobs/69e753fb82acec2b893175b6.md) — London, posted 1d ago - [2027 Firm Risk Management Summer Analyst Program - Risk Management (New York)](https://www.jorb.ai/jobs/69a5bb7869cb7010e9e3ccc9.md) — New York, posted 1mo ago - [2026 Step In, Step Up: Foundations In Finance (London)](https://www.jorb.ai/jobs/699d6ff58eba1ab0876c6b95.md) — London, posted 1mo ago - [2026 Investment Banking Off-Cycle Internship (London)](https://www.jorb.ai/jobs/69dfa407adafb06494ed5cb5.md) — London, posted 7d ago - [2026 Investment Banking Strats Fall Associate Program (New York)](https://www.jorb.ai/jobs/69de6cb9c2e52d1728ceb41b.md) — New York, posted 8d ago --- Updated: 2026-04-22 Canonical: https://www.jorb.ai/jobs/69b967393cbab9df6b7a7491