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.

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

MODEL RISK

What you'll do in the role:

The Model Risk department independently reviews the 4000+ models used across the Firm varying from

simple spreadsheet-based models to Deep Learning based models. It tests the conceptual soundness of

models by using various quantitative techniques and then writes technical documents to document the

findings of the review.

The role of the intern would be to work with the Model Risk teams and support them in their daily roles and

responsibilities. The responsibilities of this quantitative group (Model Risk) within the Risk Management

department include, but is not limited to:

Identify, communicate, and take steps to mitigate the model risks associated with the Firm's models such as Market Risk models, Credit Risk models, Capital Planning models, Stress Testing Scenario Generation models, AI based Decision Support models, Pricing models, Asset Management models, AI based Financial Fraud detection models.

The various tasks include performing analysis using various quantitative techniques to test the conceptual soundness of models, model usage, model behavior over different market conditions and other scenarios as might be relevant for the model.

Help the team in various steps of the model Review and validation process like conducting various statistical tests, sensitivity testing and technical documentation of the findings of the model review.

What you'll bring to the role:

-Masters or Ph.D in Mathematics, Physics, Finance or Economics or similar numerate fields
-Quantitative background, good analytical and numerical skills.
-Knowledge about Financial products and Risk is advantageous.
-Desire to work in a dynamic, fast-paced, team-oriented environment.

RISK ANALYTICS

What you'll do in the role:

Interns are integrated into teams in Risk Analytics and are expected to take on responsibilities of full-time analysts. Placement will be determined by aligning your skillset and interests with our business needs. We are committed to provide opportunities to develop key competencies necessary for a successful career within Risk Management. Managers are committed to provide meaningful and challenging projects that can be implemented and incorporated into our day-to-day activities. Risk Management professionals are focused on developing and training interns to ensure a successful internship experience.

Model Development: Participate in developing and enhancing quantitative methodologies/models and tools to quantify risks for business as usual and stress testing purposes. The team works across Credit, Market, Scenario, and Climate Risk models.

Analytics: Perform Quantitative/Econometric Analysis to ensure appropriate modeling and capture of risk, regulatory capital calculation and ongoing compliance with regulatory requirements
Risk Projects: Contribute to key projects to establish and maintain strong risk processes and infrastructure, using project management best practices.
Regulatory Programs: Work with teams within Risk and across the Firm to drive key regulatory initiatives including rule implementation, regulatory exam and relationship management, remediation, and governance.

The projects are presented to senior management, alongside getting a firsthand experience of working on a project from inception to delivery.

What you'll bring to the role

-An inquisitive attitude to learn and grow.
-Keen interest in the global financial markets.
-Strong quantitative and analytical skills and ability to work with diverse cultures in a global team.
-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.
-Ability to manage dynamic priorities.

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.

Job Level

Intern

Program

Spring Analyst Program