Risk Analytics - Capital Projections Analytics, Associate
London
JR027455

The role will reside within Firm Risk Managements Risk Analytics Department, specifically the Capital Projections Analytics team. The team is responsible for the development of model methodology for capital forecasting under stress scenarios across risk stripes (market risk, credit risk, CVA) which feed directly into the firm's internal and regulatory capital calculations and risk management frameworks. The team has presence across multiple geographical locations and jurisdictions.

Firm Risk Management (FRM) supports 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.

About 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. 

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. We 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.

What will you be doing?
•    Development, enhancement and maintenance of market risk (e.g. VaR, FRTB SA, IRC) and credit risk (e.g. stressed EADs, PDs, CVA) capital projection models under stress scenarios to ensure ongoing appropriateness and adaptations to new regulations (e.g. Basel 3 End-Game / FRTB, PRA's SS 1/23, Trading Wind-Down). 
•    Contribution to key regulatory deliverables and programs as well as analysis and interpretation of key regulatory requirements.
•    Perform ongoing monitoring and evaluation of market and credit risk models, review existing models to ensure they remain fit for purpose and make improvements where necessary.
•    Collaborate closely with the model validation team to support model validation function and remediate any identified issues.
•    Collaborate with the other teams (data, IT, change management) to ensure that model changes are appropriately implemented.
•    Document models and associated developmental analysis, present results to partners and stakeholders

What we’re looking for:
•    MSc or equivalent in a quantitative subject (such as quantitative finance, statistics/mathematics, sciences or engineering).
•    Deep understanding of quantitative risk, including good knowledge of financial products and their risk representation. 
•    Demonstrable experience in delivering enhancements to risk models.
•    Excellent mathematical, analytical, problem solving and troubleshooting skills.
•    Strong programming skills and demonstrable experience in coding numerical methods and algorithms, data analysis and manipulation. Strong knowledge of at least one prototyping programming language (such as Python) and experience/knowledge of professional development concepts and technologies and modern development toolchain (preferred).

Skills that will help you in the role:
•    Ability to work independently in a self-directed way in a collaborative environment
•    The ability to effectively communicate with a wide range of stakeholders, both written and verbally.
•    Strong organizational skills with an interest in working in a fast-paced environment, often balancing multiple high priority deliverables.

Where will you be working?
This role is based in 20 Bank Street, London.

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.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices​ into your browser.

Certified Persons Regulatory Requirements:
If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.

Flexible work statement
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.

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.