23 Oct
Morgan Stanley
Mumbai
Associate - Counterparty Credit Risk Analytics IMM (Risk Management)
Job Number:
3255386
Posting Date
:Oct 11, 2024
Primary Location
:Non-Japan Asia-India-Maharashtra-MumbaiEducation Level:Bachelor's Degree
Job
:Risk AnalyticsEmployment Type:Full TimeJob Level:Associate
Description
Morgan Stanley
Counterparty Credit Risk Analytics_IMM - Associate - Risk Management
Profile Description
We’re seeking someone to join our team as (Associate) in Risk Analytics team to support quantitative Counterparty Credit Risk Analytics IMM (Internal Models Method) projects and regulatory deliverables. The candidate needs to collaborate within the team and across a range of functional groups to fulfill the deliverables on a timely basis
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 include, but are not limited to:
• Research, development, enhancement, and documentation of IMM Counterparty credit risk, methodologies, and tools for regulatory and risk management purposes
• Perform analysis including model recalibrations, back-tests, stress tests, scenario, and sensitivity analyses.
• Programming of prototypes/production code (within an established C++/R /Python libraries) which will be productionized.
• Program,
test and implement quantitative financial methods using Python, C++, VBA, R, Matlab and SQL
• Utilize advanced statistics, econometrics and mathematical skills including probability theory, stochastic calculus, Monte Carlo simulation, numerical analysis, optimization techniques and time series analysis
• Work with Technology on model testing, implementation, and production
• Work with risk managers and other stakeholders to address their requests for additional analysis based on specific needs as they arise
• Participate in Regulatory and validation exams by providing documentation and responses to regulators and internal validators
Qualifications
What you’ll bring to the role:
Skills Required
• 3-8 years of work experience in quantitative modeling, Risk Management, algorithmic trading,
• Analytical skills and ability to work with diverse cultures in a global team.
• Strong knowledge of financial traded products e.g. derivatives and their pricing.
• Knowledge and hands-on experience in one of the programming languages R, Python, MATLAB, 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.
Required Qualifications
• Graduate/Under-graduate/Advance degrees in finance, mathematics, physics econometrics,
engineering or other quantitative subjects.
• Candidates should have a strong theoretical foundation in mathematics, quantitative finance and derivatives.
• Candidates will have to deal in Python, SQL queries, and MS-Office on daily basis.
Desirable Skillsets
• FRM, CFA, CQF certification is an advantage.
• Quantitative modeling experience in Finance/ Data Science
• Knowledge of risk mitigation practices and experience with Basel II/III/IV rules will be considered advantageous.
• Experience in one of the following AI, ML, NLP, Big Data Analytics, Tableau is an advantage.
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. Our 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.
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise 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.
▶️ Associate - Counterparty Credit Risk Analytics IMM (Risk Management)
🖊️ Morgan Stanley
📍 Mumbai