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 - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

Firm Risk Management
Morgan Stanley's Firm Risk Management (FRM) Division is an exciting and rapidly growing space. The division supports 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.

Background on the Position
The role will reside within the Risk Analytics department in the Firm Risk Management division. Risk Analytics develops market risk analytics, credit risk analytics and scenario analytics models providing quantitative analysis on the Firm's risk exposures. By developing mathematical and statistical models, Risk Analytics calculates the risks associated with specified sets of financial positions and day-to-day operations.
Morgan Stanley is seeking an Associate in its Market Risk Analytics department with focus on Credit asset class. The Market Risk Analytics group develops, maintains, and monitors the performance of market risk (VaR, Stressed VaR, and IRC) and stress testing models for Morgan Stanley's portfolio of assets, as required by regulatory frameworks and the Firm's internal risk management needs. The new hire will join the Market Risk Analytics Credit team to undertake research, analysis, modelling, and implementation of various market risk models pertaining to Credit products to ensure appropriate modelling and capture of risk, regulatory capital calculation, and ongoing compliance with regulatory requirements, including the upcoming Fundamental Review of Trading Book (FRTB). The position will play a key role both in the maintenance of current models and further enhancements as required from time to time. The role will be an opportunity for a candidate who wishes to work on all aspects of a model's lifecycle- Development, Implementation, Testing, Calibration, Internal and Regulatory submission, and Periodic Performance Monitoring.

Primary Responsibilities
> Performing quantitative analysis on various aspects of Market Risk models like VaR, Stressed VaR, Risk Not in VaR for Credit products (e.g. Bonds, CDS, Traded loans, etc.)
> Developing and enhancing models for changing internal risk management needs, new regulatory requirements (e.g., FRTB), or improvements in capturing the risk
> Actively participating in code development for the purpose of model implementation, model performance monitoring, and for performing different analyses
> Analyze, understand, and explain changes in risk metrics driven by model updates and position changes
> Analyzing model performance metrics
> Interacting with stakeholders from various departments like Front Office strategists, Market Risk Managers, Model Risk Management and FRM IT
> Participating in documentation of model methodologies and implementation
> Responding to queries from Model Risk Management, Internal Audit, and regulators Requirements
> Requires a degree in Quantitative Finance, Math, Statistics, Computer Science, Physics, Engineering, Economics or a related field of study (Masters/PhD highly preferred)
> Strong Quantitative skills
> Strong Python coding skills (essential), knowledge of database querying functionalities/languages
> Familiarity with statistical modelling, Monte Carlo, Historical Simulation
> Knowledge of financial products with Credit factors will be preferred
> Two or more years of experience working in a quantitative discipline
> Knowledge and broad interest in financial products, markets, and risk management and regulations
> Strong skills in communication, critical thinking, problem solving, and collaboration


Firm Risk Management values diversity and is committed to providing a supportive and inclusive workplace for all employees.

This role is hybrid and currently requires in office attendance 3 days/week. The in office requirement is subject to change at any time.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years.  Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they 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. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about 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.

Expected base pay rates for the role will be between $100,000 and $140,000 year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).