Asset Liability Management (Risk Management) : Job Level - Analyst

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 adviser to senior management and the Board, protecting the Firm from exposure to losses arising from credit, market, liquidity, operational, model, and other risks.

Position Background

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.

Qualifications & Requirements

• Bachelor's degree required; 1–2 years of relevant experience.
• Prior exposure to Treasury, ALM, or balance sheet risk strongly preferred.
• Strong hands-on proficiency in SQL and Python, with experience analyzing large, complex datasets and building repeatable analytical workflows.

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 are committed to supporting our employees and their families with attractive and comprehensive benefits. There is ample opportunity to move within the firm for those who show passion and grit in their work.

About Our Offices

To learn more about our global offices, please visit: https://www.morganstanley.com/about-us/global-offices

Compensation

Expected base pay ranges from $75,000 to $95,000 per year at the start of employment. Base pay is determined on an individualized basis and is part of the total compensation package, which may include commissions, incentive compensation, discretionary bonuses, short- and long-term incentives, and other Morgan Stanley sponsored benefits.

Diversity & Inclusion

Morgan Stanley is an equal opportunity employer committed to building and maintaining a diverse workforce. Our recruiting efforts reflect a strong commitment to inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

Learn More

For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo