Morgan Stanley - 2021 Firm Risk Management Summer Analyst Program - Quantitative Risk

New York, NY
Post time: 18/06/2020





10 weeks

Job Description
  • Model Development:
  • Research, develop, enhance and document risk models, methodologies and tools for regulatory and risk management purposes
  • Perform analysis including back-tests, stress tests, scenario and sensitivity analyses
  • Program, test and implement quantitative financial methods using tools such as Python, C++, VBA, R and SQL
  • Use advanced statistics, econometrics and mathematics skills such as probability theory, stochastic calculus, Monte Carlo simulation, numerical analysis, and time series analysis
  • Partner with Technology on model testing, implementation and production
  • Provide documentation and responses to regulators and internal validators, contributing to regulatory exams and projects
  • Model Validation:
  • Provide independent review and validation of Firm models, for example equity derivative pricing and risk capital models using tools such as Python, C++, VBA, R and SQL
  • Collaborate with teams within the Firm to provide regular ongoing model performance assessments. Review analysis results with senior management and provide recommendations
  • Learn about the Firm’s governance framework for models used in all divisions
  • Write high-quality model review documentation that satisfies the requirements of Model Risk Management, Internal Audit and the Firm’s regulators (e.g. FRB, OCC, and PRA)
  • Intellectual curiosity
  • Strong technical skills in Python, C++, VBA, R and/or SQL
  • Understanding of complex financial products (derivatives, options, swaps, etc.), financial markets and key regulations
  • Outstanding communication skills; able to present complex issues verbally and in writing
  • Strong analytical thinking and problem solving skills
  • Flexible and collaborative
  • Minimum cumulative GPA of 3.0
  • In penultimate year of study toward a degree; Master's or Doctoral students in a quantitative field (Statistics, Physics, Mathematics, Operations Research, etc.) are strongly preferred
About the company Morgan Stanley

The company is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in more than 42 countries and more than 55,000 employees, the firm's clients include corporations, governments, institutions and individuals.


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