Morgan Stanley
Climate Risk Analytics - Associate
Profile Description
We’re seeking someone to join our team as an [Associate] to [Climate Risk Analytics team]
Firm Risk Management
In the Firm Risk Management division, we advise businesses across the Firm on risk mitigation strategies, develop tools to analyze and monitor risks and lead key regulatory initiatives.
Company Profile
Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions, and individuals around the world achieve their financial goals.
Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.
What you’ll do in the role:
Risk Analytics has an opening for an associate-level person to work on model development. The successful candidate will work extensively with credit risk models involving CCAR, CECL and climate scenario analysis. The successful candidate will have strong analytical skills, an excellent work ethic and a high degree of interest in both quantitative and non-quantitative aspects of financial risk management.
• Quickly develop a deep understanding of Morgan Stanley's credit risk analytics models.
• Participate in research, development, and implementation of credit risk models
• Perform econometric analyses to support methodology development
• Support backtesting, stress testing, scenario analyses and sensitivity studies
• Analyze model changes and perform data analyses for various purposes including model improvement.
• Partner with teams across Risk Analytics, technology, model risk management, credit risk officers and other teams throughout FRM and the Firm
What you’ll bring to the role:
Skills Required:
• Up to 10 years of work experience in quantitative modeling, Risk Management, algorithmic trading, global markets or any other quantitative/Data Science field.
• The candidate needs to be familiar with statistical techniques viz. Regressions Analysis, Hypothesis testing et al.
• Strong quantitative and analytical skills and ability to work with diverse cultures in a global team.
• Some knowledge of financial products e.g. MBS, CRE, Bonds etc.
• Knowledge and hands-on experience in one of the programming languages R, Python, MATLAB, SQL, C# or C++ is strongly preferred.
• Excellent communication skills (Oral and written). Ability to communicate and present logically, precisely and in simple manner, complex and technical issues.
• Attention to detail and ability to work under pressure and cope with a fast moving environment.
Required Qualifications:
• Degrees in finance, mathematics, physics, econometrics, engineering, or other quantitative subjects.
• Candidates should have a strong theoretical foundation in mathematics, quantitative finance and derivatives.
• Knowledge and hands-on experience in programming languages
Desirable Skillsets
• PRM/FRM, CFA, CQF, SCR certification is an advantage.
• Quantitative modeling experience in Finance/ Data Science
• Understanding of financial institutions regulatory frameworks. Examples include , CECL, CCAR, Dodd-Frank and Basel
• Knowledge of risk mitigation practices and experience with Basel II/III/IV rules will be considered advantageous.
• Experience in AI, ML, NLP, Big Data Analytics, Tableau is an advantage.
• Experience in climate risk modeling.
WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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.
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize 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.