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, 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, credit risk and scenario analytics models. These mathematical and statistical models provide an overall calculation of market risk across asset classes (e.g. equities, interest rate instruments), the credit risk of borrowers and their expected losses, the calculation of risk in a time of increased economic stress (i.e. stress testing), and the generation of scenarios associated with increased economic stress.

Morgan Stanley is seeking an Associate in its Market Risk Analytics department with a focus on market risk VaR, Stressed VaR and RNiV models. 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 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 Responsibilities

· Develop and enhance market risk VaR, RNIV, IRC RWA stress testing models.

· Interpret model outputs and communicate findings to stakeholders, including risk managers, capital, front office, and senior management.

· Analyze and understand changes in risk metrics due to model and position changes to ensure the changes are as expected.

· Conduct quantitative analysis to assess model performance and outcome for at top of the house portfolio and trading desk level.

· Partner with various Risk departments within the Firm including Market Risk Capital, Market Risk, Model Risk Management and Risk IT.

· Respond to model validation, audit, regulatory requests.

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, 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, credit risk and scenario analytics models. These mathematical and statistical models provide an overall calculation of market risk across asset classes (e.g. equities, interest rate instruments), the credit risk of borrowers and their expected losses, the calculation of risk in a time of increased economic stress (i.e. stress testing), and the generation of scenarios associated with increased economic stress.

Morgan Stanley is seeking an Associate in its Market Risk Analytics department with a focus on market risk VaR, Stressed VaR and RNiV models. 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 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 Responsibilities

· Develop and enhance market risk VaR, RNIV, IRC RWA stress testing models.

· Interpret model outputs and communicate findings to stakeholders, including risk managers, capital, front office, and senior management.

· Analyze and understand changes in risk metrics due to model and position changes to ensure the changes are as expected.

· Conduct quantitative analysis to assess model performance and outcome for at top of the house portfolio and trading desk level.

· Partner with various Risk departments within the Firm including Market Risk Capital, Market Risk, Model Risk Management and Risk IT.

· Respond to model validation, audit, regulatory requests.

Experience

· Requires a Master’s or higher degree in Quantitative Finance, Economics, Math/Physics/Engineering or a related field of study

· Requires two (2) years of minimum experience in VaR/ FRTB/Derivatives asset pricing or related quantitative fields

· Proficiency in Python and database query languages

· Strong skills in Communication, Critical Thinking, and Problem Solving and Collaboration

· Strong attention to detail and ability to provide information in usable formats

Expected base pay rates for the role will be between $85,000 and $140,000 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.

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

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 base 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 the law.

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

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

Experience

· Requires a Master’s or higher degree in Quantitative Finance, Economics, Math/Physics/Engineering or a related field of study

· Requires two (2) years of minimum experience in VaR/ FRTB/Derivatives asset pricing or related quantitative fields

· Proficiency in Python and database query languages

· Strong skills in Communication, Critical Thinking, and Problem Solving and Collaboration

· Strong attention to detail and ability to provide information in usable formats

Expected base pay rates for the role will be between $85,000 and $140,000 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.

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

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 base 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 the law.

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

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