Quant jobs / Morgan Stanley

Market Risk – XVA, Associate

A junior market risk role in Morgan Stanley's independent risk function, covering the firm's CVA and funding valuation adjustment desks. You monitor risk, limits and stress outcomes for the trading teams.

What you’d work on

Our reading of the posting: what a new hire in this role would most likely spend their first months on.

Review daily sensitivities, VaR and stress results for the XVA desks
Track limit usage and question traders about positions and new or exotic trades
Help build stress tests and market risk model improvements
Support regulatory projects such as the Fundamental Review of the Trading Book
Prepare risk summaries and slides for senior colleagues

What they ask for

Required

Interest in financial products and risk
Excel and VBA
SQL
Data analysis
Written and visual communication
Ability to work independently

Preferred

2+ years in a trading or market risk team
VaR and CCAR knowledge
Fixed income or equity derivatives knowledge

Education: No degree level stated.
Experience: Around 2 years in trading or market risk is a plus
Languages and tools: Excel
VBA
SQL
Markets: fixed-income, equities, credit

How to prepare

Learn how CVA and FVA are defined and why banks run dedicated desks for them
Practise computing historical VaR and stress P&L in Excel or Python
Understand risk sensitivities (delta, vega) for rates and equity derivatives
Build a short limit-monitoring report from sample data using SQL

What to study

The Risk Quant roadmap sets out the stages for this kind of role, with free resources for each.

Open the roadmap

Apply

Read the full posting on Morgan Stanley’s site before applying: requirements, location and pay can change after we check them.

View the posting on Morgan Stanley’s site ↗

SelfMadeQuant wrote this summary from the employer’s public posting, last checked 6 November 2026. SelfMadeQuant isn’t affiliated with Morgan Stanley and doesn’t handle applications.