2021 Firm Risk Management Summer Analyst Program - Quantitative Risk (New York)
New York
Bachelor's Degree, Master's Degree
Firm Risk Management
WE OFFER
- A 10 week Summer Analyst Program beginning in June
- An intensive, hands-on introduction to Financial Services and Risk Management at Morgan Stanley
- Placement within a Risk Management area such as Risk Analytics or Model Risk Management
- Exposure to meaningful and challenging projects with real day-to-day business impact
- Formal and on-the-job training covering product knowledge, industry trends and soft skills
- A peer buddy, senior leader mentor, teambuilding and networking opportunities, and weekly educational forums with Senior Management in the division
- A diverse culture and inclusive workplace
YOU WILL
Be challenged to think critically, provide insights and develop creative solutions that impact the department and Firm. This will be achieved through one or more of the following activities:
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)
QUALIFICATIONS
- 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
Summer Analyst
Summer Analyst
This Program is closed to applications.