What are the responsibilities and job description for the Risk Analytics Developer- Commodities position at Morgan Stanley?
Firm Risk Management
Morgan Stanley's Firm Risk Management (FRM) Division is an exciting and rapidly growing space. We support Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, operational, model and other risks.
Background on the Position
The role will reside within the Firm Risk Management's Risk Analytics area. Risk Analytics develops market risk analytics, credit risk analytics and scenario analytics models providing quantitative analysis on the Firm's risk exposures. By developing mathematical and statistical models, Risk Analytics calculates the risks associated with specified sets of financial positions and day-to-day operations.
Morgan Stanley is seeking a Vice President to serve as the Global Asset Class Lead for Commodities within its Market Risk Analytics department. The Market Risk Analytics group develops, maintains, and monitors the performance of market risk (VaR, Stressed VaR, and IRC) and stress testing models for Morgan Stanley's portfolio of assets, as required by the regulatory framework and the Firm's risk management needs. The successful candidate will join the Market Risk Analytics team to lead research, modelling, development, and analysis of various market risk models in commodities area to ensure appropriate modelling and capture of risk, regulatory capital calculation, and ongoing compliance with regulatory requirements, including for the upcoming Fundamental Review of Trading Book (FRTB).
Primary Responsibilities
> Develop, improve, and maintain market risk VaR and RNIV models for commodities.
> Conduct research, model development, and comprehensive analysis to ensure risk models are accurately constructed, effectively capture relevant risks, support precise regulatory capital calculations, and consistently meet all ongoing regulatory requirements, including those mandated by the Fundamental Review of the Trading Book (FRTB).
> Analyze and understand changes in risk metrics due to model and position changes to ensure the changes are as expected.
> Respond to model validation, audit, regulatory requests.
> Interact with various Risk departments within the Firm including Market Risk Capital, Market Risk Department, Model Risk Management and Risk IT. Experience
> Prefer a Master's degree in Quantitative Finance, Economics, Math/Physics/Engineering or a related field of study and eight (8) years of relevant experience in a closely related occupation.
> Proven quantitative expertise in pricing and risk modeling, with a strong preference for candidates who have led the development of commodities risk models. Prior experience in commodities markets and risk management is highly desirable.
> In-depth knowledge of the Basel regulatory framework and the Fundamental Review of the Trading Book (FRTB).
> Demonstrated proficiency in Python/R programming languages, as well as strong command of SQL for data extraction and analysis.
> Extensive background in mathematics and statistics, including expertise in stochastic analysis, regression analysis, and related quantitative methodologies.
> Exceptional communication, critical thinking, problem-solving, and collaborative skills, enabling effective teamwork and clear presentation of complex concepts.
> Genuine curiosity about risk management, financial products, markets, and regulatory frameworks, driving ongoing learning and professional development.
> Strong attention to detail and ability to provide information in usable formats
Firm Risk Management values diversity and is committed to providing a supportive and inclusive workplace for all employees.
This role is hybrid and currently requires in office attendance 3 days/week. The in office requirement is subject to change at any time.
What You Can Expect From Morgan Stanley
At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. 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. There’s also ample opportunity to move about the business for those who show passion and grit in their work.
To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.
Expected base pay rates for the role will be between $120,000 and $205,000 year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
Morgan Stanley's Firm Risk Management (FRM) Division is an exciting and rapidly growing space. We support Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, operational, model and other risks.
Background on the Position
The role will reside within the Firm Risk Management's Risk Analytics area. Risk Analytics develops market risk analytics, credit risk analytics and scenario analytics models providing quantitative analysis on the Firm's risk exposures. By developing mathematical and statistical models, Risk Analytics calculates the risks associated with specified sets of financial positions and day-to-day operations.
Morgan Stanley is seeking a Vice President to serve as the Global Asset Class Lead for Commodities within its Market Risk Analytics department. The Market Risk Analytics group develops, maintains, and monitors the performance of market risk (VaR, Stressed VaR, and IRC) and stress testing models for Morgan Stanley's portfolio of assets, as required by the regulatory framework and the Firm's risk management needs. The successful candidate will join the Market Risk Analytics team to lead research, modelling, development, and analysis of various market risk models in commodities area to ensure appropriate modelling and capture of risk, regulatory capital calculation, and ongoing compliance with regulatory requirements, including for the upcoming Fundamental Review of Trading Book (FRTB).
Primary Responsibilities
> Develop, improve, and maintain market risk VaR and RNIV models for commodities.
> Conduct research, model development, and comprehensive analysis to ensure risk models are accurately constructed, effectively capture relevant risks, support precise regulatory capital calculations, and consistently meet all ongoing regulatory requirements, including those mandated by the Fundamental Review of the Trading Book (FRTB).
> Analyze and understand changes in risk metrics due to model and position changes to ensure the changes are as expected.
> Respond to model validation, audit, regulatory requests.
> Interact with various Risk departments within the Firm including Market Risk Capital, Market Risk Department, Model Risk Management and Risk IT. Experience
> Prefer a Master's degree in Quantitative Finance, Economics, Math/Physics/Engineering or a related field of study and eight (8) years of relevant experience in a closely related occupation.
> Proven quantitative expertise in pricing and risk modeling, with a strong preference for candidates who have led the development of commodities risk models. Prior experience in commodities markets and risk management is highly desirable.
> In-depth knowledge of the Basel regulatory framework and the Fundamental Review of the Trading Book (FRTB).
> Demonstrated proficiency in Python/R programming languages, as well as strong command of SQL for data extraction and analysis.
> Extensive background in mathematics and statistics, including expertise in stochastic analysis, regression analysis, and related quantitative methodologies.
> Exceptional communication, critical thinking, problem-solving, and collaborative skills, enabling effective teamwork and clear presentation of complex concepts.
> Genuine curiosity about risk management, financial products, markets, and regulatory frameworks, driving ongoing learning and professional development.
> Strong attention to detail and ability to provide information in usable formats
Firm Risk Management values diversity and is committed to providing a supportive and inclusive workplace for all employees.
This role is hybrid and currently requires in office attendance 3 days/week. The in office requirement is subject to change at any time.
What You Can Expect From Morgan Stanley
At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. 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. There’s also ample opportunity to move about the business for those who show passion and grit in their work.
To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.
Expected base pay rates for the role will be between $120,000 and $205,000 year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
Salary : $120,000 - $205,000