979 R Jobs

Job Description
Morgan Stanley Private Banking Group’s Strategists and Modeling team is seeking an Associate level strategist for Retail Lending model development. Desk Strategists (Strats) support revenue-generating activities and reside within the Wealth Management Banking business, covering a wide range of financial products such as bank deposits, mortgage lending and retail lending.  We have an opening for qualified individuals to join our fast-paced work environment. PBG Strats collaborate with various business partners on pricing strategies, new product offerings, risk and valuation models, as well as on-demand tools to better identify market opportunities. The job involves constructing forecasts of lending balances and revenues for use in budgeting, planning, risk management, and scenario-based stress testing. 

Responsibilities include:
·    Support the valuation and risk management models that will feed the Firm’s books and records for the bank’s Retail holdings.
·    Help develop econometric models used for forecasting business revenues and asset balances based upon macroeconomic variables and historical            and current product-level characteristics.
·    Test, document, and communicate modeling approaches.
·    Implement and maintain codebase and processes.
·    Monitor and analyze the effectiveness of current revenue, valuation, and risk models.
·    Participate in model integration effort between MS and E*TRADE.
·    Ensure compliance with regulatory requirements such as CCAR.

Qualification and Skills required:
·    4-6 years of experience in the Financial Services industry
·    Ph.D. degree in Computer Science, Statistics, Mathematics, Physics, Engineering, or other quantitative fields is strongly preferred. Master's degree in       computational finance or mathematical finance will also be considered.
·    Strong hands-on coding and development skills are a core requirement (Python, C++ and R). Working knowledge of UNIX system and shell scripting.
·    Effective communication & collaboration skills are required.
·    Must be a self-starter and a quick learner, able to prioritize and work under tight deadlines 
·    Ability to work independently and possess a strong sense of accountability/ownership.
·    Ability to work in a team environment and partner with multiple individuals across various groups.
·    Strong attention to detail, aptitude for working with numerical information.
·    Highly motivated and comfortable in a fast-paced and evolving environment which includes ongoing learning and training opportunities.

"Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents".