Associate

Morgan Stanley Services Group Inc. seeks to fill the position of Associate in New York, NY.

Conduct independent model review and validation of a portfolio of financial models, including revenue, expense and balance sheet projection models. Ensure compliance with model review standards according to the Model Risk Management policies and procedures, regulatory guidance and industry leading practices (including evaluating/challenging the conceptual soundness, assumptions and limitations, testing, on-going monitoring, and documentation). Communicate model validation outcomes including limitations with the relevant stakeholders (e.g. senior management, model developers or owners), agree remedial actions, and ensure timely closure of limitations.

Participate in relevant internal forums and engage with model developers, owners as well as regulatory agencies as required. Keep up-to-date with trends in economic environment, financial markets, fiscal and financial policies and re-assess adequacy and relevance of model development and validation activities.

Salary: Expected base pay rates for the role will be between $145000 and $145000 per year at the commencement of employment. However, 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.

Requirements:

Requires a Master's degree in Statistics, Financial and Risk Management; Applied Mathematics; or a related field plus two (2) years of experience in the position offered or two (2) years of experience as a Senior Quantitative Analyst, Quantitative Risk Model Analyst, or a related occupation. Requires two (2) years of experience with: applying mathematical and statistical methodologies including: stochastic calculus, linear regression, machine learning, ARIMA, deep learning, and Bayesian; utilizing programming language including:

R, Python, SQL, and VBA; leveraging understanding of regulatory requirements including: CCAR, CECL, and BAU stress testing; developing and validating finance and treasury models; performing data quality check and visualizations; constructing model replication and back-testing; implementing sensitivity and scenarios tests; designing and optimizing benchmarking models; validating model reports; collaborating with business team, development team and model owner to manage model risk; analyzing risks in models; and presenting key model risks and solutions to senior management.

Qualified Applicants: To apply, visit us at https://ms.taleo.net/careersection/2/jobsearch.ftl?lang=en Scroll down and enter 3246787 as the "Job Number" and click "Search jobs." No calls please. EOE