Firm Risk Management
Morgan Stanley’s Firm Risk Management (FRM) Division is an exciting and rapidly growing space. We support 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 Firm Risk Management’s Risk Analytics area. Risk Analytics develops market risk analytics, credit risk analytics, operational 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 a focus on scenario design, stress testing and timeseries analysis. The Market Risk Analytics group develops, maintains, and monitors the performance of market risk (VaR, Stressed VaR, IRC and CRM) and stress testing models for Morgan Stanley’s portfolio of assets, as required by the regulatory framework and the Firm’s risk management needs. The new hire will join the Market Risk Analytics team to undertake research, modelling, development, and analysis of various market risk models to ensure appropriate modelling and capture of risk, regulatory capital calculation, and ongoing compliance with regulatory requirements, including for the upcoming Fundamental Review of Trading Book (FRTB).
Primary Responsibilitie
– Develop and enhance market risk models to ensure ongoing appropriateness with particular focus on scenario design, stress testing and timeseries analysis.
– Undertake research, modeling, development and analysis to ensure appropriate modeling and capture of risk, regulatory capital calculation, and ongoing compliance with regulatory requirements.
– Analyze and understand changes in risk metrics due to model and position changes to ensure the changes are as expected.
– Respond to audit, regulatory requests.
– Interact with various Risk departments within the Firm including Market Risk and Risk IT
Qualifications:
Experience
– Requires a Master’s degree in Quantitative Finance, Economics, Math/Physics/Engineering or a related field of study and two (2) years of experience in the position offered or two (2) years as an Associate, Analyst, or a closely related occupation;
– Requires two (2) years of experience with: scenario design; stress testing; timeseries analysis, VaR; Risks not in VaR; R/Python/Excel; Regression techniques; SQL; Basel framework and upcoming FRTB rule
– Strong skills in Communication, Critical Thinking, and Problem Solving and Collaboration
– Curious about risk management, financial products, markets, and regulation
– Strong attention to detail and ability to provide information in usable format
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Expected base pay rates for the role will be between $85,000 USD and $140,000 USD per 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).