Morgan Stanley 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. The talent and passion of our people is critical to our continued success as a firm. Together, we share four core values rooted in integrity, excellence and strong team ethic: 1. Putting Clients First 2. Doing the Right Thing 3. Leading with Exceptional Ideas 4. Giving Back Morgan Stanley is committed to helping its employees build meaningful careers and we strive to be a place for people to learn, achieve and grow. Firm Risk Management Firm Risk Management (FRM) enables 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. Our mission is to serve as the follow roles: · Independent agent to set consistent principles and disciplines for risk management · Strategic advisor to Firm management for setting risk appetite and allocating capital · Industry leader to influence and meet regulatory standards You will collaborate with colleagues across FRM and the Firm to protect the Firm's capital base and franchise, advise businesses and clients on risk mitigating strategies, develop tools and methodologies to analyze and monitor risk, contribute to key regulatory initiatives and report on risk exposures and metrics to enable informed and strategic decision-making. Through thoughtful analysis and clear communication we are best able to bring our ideas to the table and improve the Firm. Firm Risk Management values diversity and is committed to providing a supportive and inclusive workplace for all employees. Firm Risk Management's unique franchise promotes: ü Flat, flexible and integrated global organization ü Collaboration and teamwork ü Credible, independent decision-making ü Organizational influence ü Creative and practical solutions ü Meritocratic and diverse culture
Background on the Position Morgan Stanley is seeking a strong associate level candidate to join its Credit Risk Methodology Group. The CRMG team has an opening for a highly motivated individual to develop credit risk models related to stress testing, reserves, portfolio analytics and credit limit setting. This individual will work closely with the various groups within the Credit Risk Management Department in developing these credit risk models related to both wholesale and retail portfolios.
Primary Responsibilities · Develop and enhance stress testing methodology to satisfy various regulatory requirements (CCAR/DFAST/ICAAP). This requires thorough statistical analysis of the underlying data, such as regression and time series analyses, and understanding of the various macroeconomic factors and risk factors that impact the credit quality of portfolios. · Develop and enhance credit risk models to satisfy both accounting standards and regulatory requirements. · Develop models for portfolio analytics purpose, such as credit limit setting and loss reserve. · Write high-quality model documentation that satisfies the firm's internal model approval functions, audit requirements, and the Firm's regulators (e.g., FRB, OCC, and PRA). · Closely work with other teams within Credit Department to provide regular ongoing model performance assessments, rating analysis and override monitoring. Review analysis results with senior management and provide recommendations. · Develop analytical tools to support to other teams within Credit Department
Skills Required (Essential) · Advanced degree (PhD or MS) in a quantitative discipline (e.g., statistics, economics, finance, physics, math) · 1 to 2 years work experience in a quantitative research group at a commercial bank, investment bank, or consulting firm · Statistical skills especially in the area of hypothesis testing, regression and discriminant analyses · Familiarity with statistical packages (e.g., R or SAS) · T eam player with strong interpersonal and communication skills
Skills Desired · Hands on experience with credit risk models, in particular, experience with stress testing models and A-IRB internal risk rating model development are highly desirable
Internal Number: 4891545
About Morgan Stanley USA
eFinancialCareers is a career site specializing in financial services.