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, 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 a VP in its Market Risk Analytics department with a focus on the Macro Asset Classes (Rates, FX). 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 within market risk models for regulatory capital and internal risk management purposes. Work includes contributing to strategic model enhancement efforts related to Fundamental Review of Trading Book (FRTB) and various internal project initiatives.

Primary Responsibilities
> Develop and enhance market risk models to ensure they perform according to targeted standards and remain fit for purpose, with a particular focus on the Macro Asset Class (Rates, FX).
> Undertake research, modeling, development, and analysis to ensure appropriate modeling and capture of risk for regulatory capital and internal risk management purposes, and ongoing compliance with regulatory requirements and internal modelling standards.
> Analyze and understand changes in risk metrics due to model and position changes to ensure the changes are as expected.
> Respond to audit, model risk management, and regulatory requests.
> Interact with various Risk departments within the Firm including the Market Risk Department, Model Risk Management, and Risk IT.

Experience
> PhD/Master's degree in a quantitative field such as Quantitative Finance, Economics, Mathematics, Physics, Engineering or equivalent.
> 5 years or more experience working with risk and/or pricing models.
> Previous experience with market risk models such as VaR and expected shortfall and related fields such as scenario design, time series analysis, statistics, or asset pricing.
> Programming proficiency in Python, SQL.
> Previous experience and strong skills in project management and stakeholder management and the ability to work independently.
> Interest in risk management, financial products, markets, and regulation.
> Strong skills in communication, critical thinking, problem solving and collaboration.
> Strong attention to detail and ability to provide information in usable formats.
> Experience with market risk regulatory rules, Basel framework and FRTB rules is a plus.

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

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.

Expected base pay rates for the role will be between $120,000 and $200,000 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).