Job Description
Morgan Stanley Private Banking Group's Strategists and Modeling team is seeking an Associate level strategist for Retail Lending model development. Desk Strategists (Strats) support revenue-generating activities and reside within the Wealth Management Banking business, covering a wide range of financial products such as bank deposits, mortgage lending and retail lending. We have an opening for qualified individuals to join our fast-paced work environment. PBG Strats collaborate with various business partners on pricing strategies, new product offerings, risk and valuation models, as well as on-demand tools to better identify market opportunities. The job involves constructing forecasts of lending balances and revenues for use in budgeting, planning, risk management, and scenario-based stress testing.
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Responsibilities include:
• Support the valuation and risk management models that will feed the Firm's books and records for the bank's Retail holdings.
• Help develop econometric models used for forecasting business revenues and asset balances based upon macroeconomic variables and historical and current product-level characteristics.
• Test, document, and communicate modeling approaches.
• Implement and maintain codebase and processes.
• Monitor and analyze the effectiveness of current revenue, valuation, and risk models.
• Participate in model integration effort between MS and E*TRADE.
• Ensure compliance with regulatory requirements such as CCAR.
Qualification and Skills required:
• 4-6 years of experience in the Financial Services industry
• Ph.D. degree in Computer Science, Statistics, Mathematics, Physics, Engineering, or other quantitative fields is strongly preferred. Master's degree in computational finance or mathematical finance will also be considered.
• Strong hands-on coding and development skills are a core requirement (Python, C++ and R). Working knowledge of UNIX system and shell scripting.
• Effective communication & collaboration skills are required.
• Must be a self-starter and a quick learner, able to prioritize and work under tight deadlines
• Ability to work independently and possess a strong sense of accountability/ownership.
• Ability to work in a team environment and partner with multiple individuals across various groups.
• Strong attention to detail, aptitude for working with numerical information.
• Highly motivated and comfortable in a fast-paced and evolving environment which includes ongoing learning and training opportunities.
"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".