Quantitative Associate, Risk Analytics
Morgan Stanley · New York, NY · 3 days ago
Analyst$100k–$140k/yrFull-time
Primary Responsibilities
- Performing quantitative analysis on various aspects of Market Risk models like VaR, Stressed VaR, Risk Not in VaR for Commodity products (e.g. Power, Gas, Oil, etc.)
- Developing and enhancing models for changing internal risk management needs, new regulatory requirements (e.g., FRTB), or improvements in capturing the risk
- Supporting the design and implementation of market shock scenarios and stress testing methodologies, including scenario generation and stressed risk measurement
- Identifying opportunities to enhance existing processes through automation and AI tools, and contributing to their development and deployment
- Actively participating in code development for the purpose of model implementation, model performance monitoring, and for performing different analyses
- Analyze, understand, and explain changes in risk metrics driven by model updates and position changes
- Analyze model performance metrics
- Interact with stakeholders from various departments like Front Office strategists, Market Risk Managers, Model Risk Management and FRM IT
- Participate in documentation of model methodologies and implementation
- Respond to queries from Model Risk Management, Internal Audit, and regulators
Requirements
- A degree in Quantitative Finance, Math, Statistics, Computer Science, Physics, Engineering, Economics or a related field of study (Masters/PhD highly preferred)
- Strong Quantitative skills
- Strong Python coding skills (essential), knowledge of database querying functionalities/languages
- Familiarity with statistical modelling, Monte Carlo, Historical Simulation
- Knowledge of financial products with Commodity products will be preferred
- Familiarity with stress testing frameworks and scenario design methodologies is preferred
- Familiarity with AI tools and understanding of their strengths, limitations, and practical applications is preferred
- Experience in developing or deploying analytical or AI tools is preferred
- Knowledge and broad interest in financial products, markets, and risk management and regulations
- Strong skills in communication, critical thinking, problem solving, and collaboration
Qualifications
The successful candidate will join a high-impact team working across model development, implementation, and analysis, with a focus on one or more of the following areas:
- Market shock scenario design, stress testing, and driving AI adoption, including scenario generation and stressed risk measurement
- Commodity products market risk modeling, including quantitative analysis, capital calculation, and regulatory frameworks such as FRTB
Skills
Preferred skills include:
- Experience with financial products, particularly commodities
- Understanding of stress testing frameworks and scenario design methodologies
- Experience with AI tools and their practical applications
Benefits
Morgan Stanley offers a comprehensive benefits package, including:
- Competitive base pay ranging from $100,000 to $140,000 year at the commencement of employment
- Discretionary bonuses and other short and long-term incentive packages
- Employee stock purchase plan
- Health, dental, and vision insurance
- Retirement savings plans
- Flexible spending accounts
- Life and disability insurance
- Generous paid time off
- Professional development opportunities
- Flexible work arrangements
- Community involvement programs
- Equal opportunity employer
- Committed to diversity and inclusion
- Supportive and inclusive workplace
- Opportunities for growth and advancement
- Global presence with offices in 43 countries
- Engaging and collaborative work environment
- Challenging and rewarding career opportunities
- Comprehensive employee benefits and perks
- Supportive and inclusive workplace for all employees
- Commitment to building and maintaining a workforce that is diverse in experience and background
- Equal opportunity employer
- Committed to diversity and inclusion
- Supportive and inclusive workplace
- Opportunities for growth and advancement
- Global presence with offices in 43 countries
- Engaging and collaborative work environment
- Challenging and rewarding career opportunities
- Comprehensive employee benefits and perks
- Supportive and inclusive workplace for all employees
- Commitment to building and maintaining a workforce that is diverse in experience and background
- Equal opportunity employer
- Committed to diversity and inclusion
- Supportive and inclusive workplace
- Opportunities for growth and advancement
- Global presence with offices in 43 countries
- Engaging and collaborative work environment
- Challenging and rewarding career opportunities
- Comprehensive employee benefits and perks
- Supportive and inclusive workplace for all employees
- Commitment to building and maintaining a workforce that is diverse in experience and background
- Equal opportunity employer
- Committed to diversity and inclusion
- Supportive and inclusive workplace
- Opportunities for growth and advancement
- Global presence with offices in 43 countries
- Engaging and collaborative work environment
- Challenging and rewarding career opportunities
- Comprehensive employee benefits and perks
- Supportive and inclusive workplace for all employees
- Commitment to building and maintaining a workforce that is diverse in experience and background
- Equal opportunity employer
- Committed to diversity and inclusion
- Supportive and inclusive workplace
- Opportunities for growth and advancement
- Global presence with offices in 43 countries
- Engaging and collaborative work environment
- Challenging and rewarding career opportunities
- Comprehensive employee benefits and perks
- Supportive and inclusive workplace for all employees
- Commitment to building and maintaining a workforce that is diverse in experience and background
- Equal opportunity employer
- Committed to diversity and inclusion
- Supportive and inclusive workplace
- Opportunities for growth and advancement
- Global presence with offices in 43 countries
- Engaging and collaborative work environment
- Challenging and rewarding career opportunities
- Comprehensive employee benefits and perks
- Supportive and inclusive workplace for all employees
- Commitment to building and maintaining a workforce that is diverse in experience and background
- Equal opportunity employer
- Committed to diversity and inclusion
- Supportive and inclusive workplace
- Opportunities for growth and advancement
- Global presence with offices in 43 countries
- Engaging and collaborative work environment
- Challenging and rewarding career opportunities
- Comprehensive employee benefits and perks
- Supportive and inclusive workplace for all employees
- Commitment to building and maintaining a workforce that is diverse in experience and background
- Equal opportunity employer
- Committed to diversity and inclusion
- Supportive and inclusive workplace
- Opportunities for growth and advancement
- Global presence with offices in 43 countries
- Engaging and collaborative work environment
- Challenging and rewarding career opportunities
- Comprehensive employee benefits and perks
- Supportive and inclusive workplace for all employees
- Commitment to building and maintaining a workforce that is diverse in experience and background
- Equal opportunity employer
- Committed to diversity and inclusion
- Supportive and inclusive workplace
- Opportunities for growth and advancement
- Global presence with offices in 43 countries
- Engaging and collaborative work environment
- Challenging and rewarding career opportunities
- Comprehensive employee benefits and perks
- Supportive and inclusive workplace for all employees
- Commitment to building and maintaining a workforce that is diverse in experience and background
- Equal opportunity employer
- Committed to diversity and inclusion
- Supportive and inclusive workplace
- Opportunities for growth and advancement
- Global presence with offices in 43 countries
- Engaging and collaborative work environment
- Challenging and rewarding career opportunities
- Comprehensive employee benefits and perks
- Supportive and inclusive workplace for all employees
- Commitment to building and maintaining a workforce that is diverse in experience and background
- Equal opportunity employer
- Committed to diversity and inclusion
- Supportive and inclusive workplace
- Opportunities for growth and advancement
- Global presence with offices in 43 countries
- Engaging and collaborative work environment
- Challenging and rewarding career opportunities
- Comprehensive employee benefits and perks
- Supportive and inclusive workplace for all employees
- Commitment to building and maintaining a workforce that is diverse in experience and background
- Equal opportunity employer
- Committed to diversity and inclusion
- Supportive and inclusive workplace
- Opportunities for growth and advancement
- Global presence with offices in 43 countries
- Engaging and collaborative work environment
- Challenging and rewarding career opportunities
- Comprehensive employee benefits and perks
- Supportive and inclusive workplace for all employees
- Commitment to building and maintaining a workforce that is diverse in experience and background
- Equal opportunity employer
- Committed to diversity and inclusion
- Supportive and inclusive workplace
- Opportunities for growth and advancement
- Global presence with offices in 43 countries
- Engaging and collaborative work environment
- Challenging and rewarding career opportunities
- Comprehensive employee benefits and perks
- Supportive and inclusive workplace for all employees
- Commitment to building and maintaining a workforce that is diverse in experience and background
- Equal opportunity employer
- Committed to diversity and inclusion
- Supportive and inclusive workplace
- Opportunities for growth and advancement
- Global presence with offices in 43 countries
- Engaging and collaborative work environment
- Challenging and rewarding career opportunities
- Comprehensive employee benefits and perks
- Supportive and inclusive workplace for all employees
- Commitment to building and maintaining a workforce that is diverse in experience and background
- Equal opportunity employer
- Committed to diversity and inclusion
- Supportive and inclusive workplace
- Opportunities for growth and advancement
- Global presence with offices in 43 countries
- Engaging and collaborative work environment
- Challenging and rewarding career opportunities
- Comprehensive employee benefits and perks
- Supportive and inclusive workplace for all employees
- Commitment to building and maintaining a workforce that is diverse in experience and background
- Equal opportunity employer
- Committed to diversity and inclusion
- Supportive and inclusive workplace
- Opportunities for growth and advancement
- Global presence with offices in 43 countries
- Engaging and collaborative work environment
- Challenging and rewarding career opportunities
- Comprehensive employee benefits and perks
- Supportive and inclusive workplace for all employees
- Commitment to building and maintaining a workforce that is diverse in experience and background
- Equal opportunity employer
- Committed to diversity and inclusion
- Supportive and inclusive workplace
- Opportunities for growth and advancement
- Global presence with offices in 43 countries
- Engaging and collaborative work environment
- Challenging and rewarding career opportunities
- Comprehensive employee benefits and perks
- Supportive and inclusive workplace for all employees
- Commitment to building and maintaining a workforce that is diverse in experience and background
- Equal opportunity employer
- Committed to diversity and inclusion
- Supportive and inclusive workplace
- Opportunities for growth and advancement
- Global presence with offices in 43 countries
- Engaging and collaborative work environment
- Challenging and rewarding career opportunities
- Comprehensive employee benefits and perks
- Supportive and inclusive workplace for all employees
- Commitment to building and maintaining a workforce that is diverse in experience and background
- Equal opportunity employer
- Committed to diversity and inclusion
- Supportive and inclusive workplace
- Opportunities for growth and advancement
- Global presence with offices in 43 countries
- Engaging and collaborative work environment