Cross-Asset Market Risk Modeling Specialist

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.

Department Profile
The cornerstone of Morgan Stanley's risk management philosophy is the execution of risk-adjusted returns through prudent risk-taking that protects Morgan Stanley's capital base and franchise. Risk Management protects the Firm from exposure to losses resulting from market, credit and operational risk exposures. The Market Risk Department (MRD) provides independent market risk oversight across the Firm's trading activities. This encompasses risk monitoring and analysis, as well as reporting, capital calculation and regulatory functions.
Primary Responsibilities
Morgan Stanley is seeking a Vice President in its Market Risk Analytics (MRA) group. The MRA group develops, maintains and monitors the performance of market risk (VaR, Stressed VaR, IRC and CRM) and stress testing models (including market shocks for scenario design, stress loss) for Morgan Stanley's portfolio of assets, as required by the regulatory framework and the Firm's risk management needs.
> The position requires the ability to engage in research, model development, and analysis to support MRA's suite of market risk models used for internal risk management and for regulatory capital and compliance.
> The role will encompass development of analytics and their implementation using an array of internal and external technologies, including direct programming of solutions.
> Candidate must have the ability to communicate effectively and function collaboratively in group settings.
> Responsibilities include responding to risk managers, model risk, audit, and regulatory requests on a timely and accurate basis and working closely with other departments.
> The position requires interacting with various Risk departments within the Firm including Market Risk Management, Model Risk, Risk IT, Risk Capital and other partnering teams. > Requires a Master's or higher degree in a quantitative field such as Mathematics, Statistics, Mathematical Finance, Physics, Computer Science, or Engineering
> At least 5 years of relevant work experience
> Knowledge of market risk modelling methodologies (Greek-based value-at-risk (VaR), stressed VaR, and incremental risk charge) required
> Strong programming skills (Python) is essential to role
> Strong communication, leadership and project management skills (role requires effective collaboration and consensus-building across a range of functional groups)
> Analytical thinking and problem solving skills
> Ability to present complex issues clearly, both verbally and in writing, is essential
> Attention to detail and the ability to work thoughtfully and independently and manage multiple projects

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.

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Expected base pay rates for the role will be between $120,000 and $205,000 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).