Morgan Stanley Private Banking Strategists and Modeling group is seeking an Associate level Bank Deposit Financial Model Developer for our Bank Deposit and Savings model development team. Desk Strategists (Strats) support revenue-generating activities and reside within our Wealth Management businesses, covering a wide range of financial products including bank deposits, mortgage lending, retail and margin lending, and investments. We have an opening for a qualified individual to join our fast-paced work environment.
PBG Strats is responsible for the creation of product risk and valuation models, as well as on-demand tools to better identify market opportunities. PBG Strats collaborates with the banking business on pricing strategies, new product offerings and risk analysis.
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Responsibilities include:
Implementing and updating the analytical libraries for pricing, risks and balance projections.
- Preparing analysis of model scenario variable inputs.
- Running simulation-based bank deposit and savings models.
- Deployment of production model code on the Firm's internal platforms.
- Responding to ad-hoc requests from bank CIO, Finance and Model Risk Management.
- Preparing monthly model performance metrics reports.
- Assisting in model document preparation for new model development and enhancements.
- Ensuring compliance with regulatory requirements such as CCAR.
Qualifications and Required skills
- 4-6 years of experience in the Financial Services industry.
- Master's or PhD's degree in computer science, math, physics, engineering, or other relevant fields.
- Strong hands-on coding and development skills are a core requirement (C++, Scala, R and Python). Candidates with C++ and Scala are preferable.
- Working knowledge of fixed income pricing.
- Working knowledge of UNIX system and shell scripting.
- Working knowledge of version control tools (e.g. Bitbucket).
- Several years' experience in Financial Services industry.
- 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.
- 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.
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. We 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.
We're committed to bringing passion and customer focus to the business.
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.