Morgan Stanley

Are you interested in how mathematical models help the business? What could be the risk when we use these models in Morgan Stanley’s electronic trading algorithms? You will gain insight into global model risk management and the electronic trading business.

The Model Risk Management group is part of the Global Risk Management department of Morgan Stanley and it has global responsibility for the independent risk control, review and validation of models used by Morgan Stanley. These include pricing models for derivatives in all product areas (i.e. electronic trading algorithms, interest rates, FX, equities, commodities, credit, and securitized products), as well as models used for counterparty credit risk (CVA), market risk, operational risk, wealth management products, and capital and liquidity stress tests. Model Review professionals are located in New York, London, Mumbai and Budapest, and they work closely with business quantitative strategists, risk managers and financial controllers. The Budapest team works closely with other members of the Model Risk Management group on model issues across all asset classes globally.

We offer:

• A competitive compensation and benefits package including eligibility for an annual bonus
• Flexible working arrangements (core hours and opportunity to work from home)
• Enriching challenges that provide opportunity for constant learning and advancement
• Professional development opportunities including access to Morgan Stanley’s world-class internal trainings
• A supportive and vibrant multinational environment, we accept individual differences and believe in teamwork

You will:

• Review, test, and challenge models used in electronic trading algorithms
• Perform quantitative risk analysis and produce written model review reports
• Participate in the model risk management processes of the Firm

You have:

• Master’s or Ph.D. degree in Mathematics, Mathematical Finance, Physics, Engineering, Finance, Economics or a related quantitative field
• Genuine and broad interest in financial markets and derivatives; internal drive to effectively challenge and improve models with quantitative methods
• Clear thinking, good business sense and judgment
• Strong interpersonal and communication skills
• Strong interest in programming in a high-level language such as R or Python

You might also have:

• Experience or knowledge of electronic trading systems and algorithms
• Experience or knowledge of one of the asset classes, eg. Cash Equities, FX, Rates or Derivatives
• Experience with pricing models used for derivatives and securities
• Experience in mathematical and statistical modeling
• In-depth knowledge of mathematical finance, derivative pricing, option theory, and numerical/quantitative techniques for derivative valuation

#BPPM #LI-JL1 #LI-hybrid

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 89 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.

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.