Associate – Model Risk

Morgan Stanley

Model Risk (Market Risk Pricing Models) - Associate

Profile Description

We’re seeking someone to join our team as (Associate) in (Market Risk, Pricing Models) in Model Risk division.

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.

At Morgan Stanley India, we support the Firm’s global businesses, with critical presence across Institutional Securities, Wealth Management, and Investment management, as well as in the Firm’s infrastructure functions of Technology, Operations, Finance, Risk Management, Legal and Corporate & Enterprise Services. Morgan Stanley has been rooted in India since 1993, with campuses in both Mumbai and Bengaluru. We empower our multi-faceted and talented teams to advance their careers and make a global impact on the business. For those who show passion and grit in their work, there’s ample opportunity to move across the businesses for those who show passion and grit in their work.

Interested in joining a team that’s eager to create, innovate and make an impact on the world? Read on…

What you’ll do in the role:

Primary Responsibilities

• Primary Responsibilities
• Conduct model validation for XVA pricing and/or IMM capital models by challenging model assumptions, mathematical formulation, and implementation
• Conduct independent testing to assess model accuracy and robustness under different scenarios and market conditions, including, where appropriate the evaluation of developer documentation and testing
• Assess and quantify model risks due to model limitations and compensating controls
• Develop and apply high-quality validation standards by conducting independent testing to assess model accuracy and robustness under different market conditions
• Collaborate with Global MRM teams, Model developers, Model Control Officers, Valuation Control and Risk Managers to manage model risk across the model lifecycle

FRM is committed to creating and providing opportunities that enable our workforce to reflect diverse backgrounds and views.

What you’ll bring to the role:

Experience:
• Masters or Ph.D. degree (or equivalent) in Finance, Mathematics, Physics, or a related quantitative field
• In-depth knowledge of mathematical finance, market risk modelling, and numerical techniques
• The ideal candidate has at least two years experience with pricing or risk modelling gained at a financial institution
• Experience in developing pricing or risk models using Python, R, or Excel VBA
• An interest in working in a fast-paced environment, often balancing multiple high priority deliverables

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 85 years. At our foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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.

We're committed to bringing passion and customer focus to the business.

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.

Coverage for Audit Jobs

• Monday to Friday from 12:00PM to 9:00PM India time with flexibility on standard working hours for time sensitive matters.

• Periodic evening calls with US and EMEA Internal Auditors and auditees.