Morgan Stanley

IRB - Credit Risk Modeler - Analyst

Profile Description

We’re seeking someone to join our team as an [Analyst] to [Risk Analytics team in IRB, Credit Risk Modeler role].

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:

Position Background and Responsibilities

Some careers have more impact. If you are looking to utilize your strong quantitative skills for critical risk management projects, join us and discover how you can play a significant role in the firm's success. You should be able to work in fast-paced environment and willing to learn and evolve along with the role.

Primary Responsibilities include, but are not limited to:
• Own modeling efforts for credit risk modelling in Mumbai
• 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 back-testing, 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 (required / preferred)

• 0.6 months - 3 years of work experience in quantitative modeling, Risk Management, algorithmic trading, global markets or any other quantitative/Data Science field.

• Prior analytics work experience in a bank credit-related department. Examples include lending or trading analytics.

• The candidate needs to be familiar with statistical techniques viz. Regressions Analysis, Hypothesis testing et al.

• Understanding of financial institutions regulatory frameworks. Examples include IRB, CECL, CCAR, Dodd-Frank and Basel.

• Strong quantitative and analytical skills and ability to work with diverse cultures in a global team.

• 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 details and ability to work under pressure and cope with a fast moving environment.

• PRM/FRM, CFA, CQF certification is an advantage.

• Experience in AI, ML, NLP, Big Data Analytics, PowerBI is an advantage.

Required Qualifications

• Graduate/ Postgraduate/ Advanced degree in Finance, Mathematics, Econometrics, Engineering, or other Quantitative subjects.

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.

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.