Market Risk Analytics Associate, Stress Testing and AI Integration

Firm Risk Management
Morgan Stanleys 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 model and other risks.
Background on the Position
The role will reside within the Firm Risk Managements Risk Analytics area. Risk Analytics develops market risk credit risk and scenario analytics models. These mathematical and statistical models provide an overall calculation of market risk across asset classes (e.g. equities interest rates) the credit risk of borrowers and their expected losses the calculation of risk in a time of increased economic stress (i.e. stress testing) and the generation of scenarios associated with increased economic stress.
Morgan Stanley is seeking an Associate in its Market Risk Analytics group with a focus on market shock scenario design and stress testing. The Market Risk Analytics group develops maintains and monitors the performance of market risk and stress testing models for Morgan Stanleys portfolio of trading assets as required by the regulatory framework and the Firms risk management needs. The new hire will join the Market Risk Analytics team to undertake research modelling development and analysis of models-based measures and enhance existing processes with the application and development of AI tools. The position will play a key role in enhancing the current risk management framework and ensuring compliance with regulatory requirements.
Primary Responsibilities
>Develop and implement models and analytical tools for risk analytics and risk management purposes with primary focus on market shock scenario design and stress testing
>Interpret model outputs and communicate findings to stakeholders including risk managers capital front office and senior management
>Conduct quantitative analysis to assess model performance and outcome
>Collaborate with IT teams to ensure smooth integration of models and analytical tooling in existing systems and infrastructure
>Collaborate with Model Risk Management for purposes of validation of risk models
>Respond to audit and regulatory requests
>Identify areas in existing processes where application of AI tools and capabilities can boost efficiency and effectiveness and work on developing / deploying those AI solutions Experience
>Requires a degree in Quantitative Finance Economics Math/Physics/Engineering or a related field of study. (Master/PhD highly preferred.)
>Requires minimum two (2) years of experience as an Associate Analyst or equivalent in quantitative fields (quantitative finance and risk management fields are preferred)
>Proficiency in Python and database query languages and Microsoft products
>Familiarity with AI tools and their strengths/weaknesses and experience with prompting
>Experience in AI tool development/deployment is a plus
>Strong skills in Communication Critical Thinking and Problem Solving and Collaboration
>Curious about risk management financial products markets and regulation
>Strong attention to detail and ability to provide information in usable formats

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 thats differentiated and weve 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 - arent just beliefs they guide the decisions we make every day to do whats best for our clients communities and more than 80000 employees in 1200 offices across 42 countries. At Morgan Stanley youll 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. Theres 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 $100000 and $140000 year at the commencement of 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 Stanleys 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).