Credit Ratings Analytics Vice President (Risk Management)

DescriptionFirm 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 PositionThe role will reside within the Firm Risk Management's Risk Analytics area. Risk Analytics develops market risk analytics, credit risk analytics, operational risk analytics and scenario analytics models providing quantitative analysis on the Firm's risk exposures. By developing mathematical and statistical risk models, Risk Analytics calculates the risks associated with specified sets of financial positions and day-to-day operations. This role will be in the Credit Rating Analytics team, responsible for the development of rating, probability of default (PD), loss given default (LGD) or exposure at default (EAD) models, primarily for Credit Risk Management and Internal Ratings Based (IRB) capital calculations.Primary ResponsibilitiesPrimary responsibilities for this role include:- Develop new or enhance existing rating, PD, LGD and EAD models (IRB models), while ensuring compliance with different regulatory requirements (US, UK, EU) and internal standards- Work closely with the global team members on model developments, enhancements, and implementations. - Lead working groups with participants from Credit Risk Management and Risk Analytics to develop IRB models - Work with Model Risk Management group to validate and approve IRB models- Participate regulatory exams and respond to regulatory inquiries on IRB models#LI-JB3QualificationsApplicants must have either graduated from a four-year accredited university with a quantitative major such as Math / Physics / Statistics / Econometrics /Engineering / Computer Science, or had equivalent background. - Hands-on experience and solid skills of financial model development. - Strong skills in communication, critical thinking, and problem solving and collaboration- Curious about Risk Management, financial products, markets, and regulation- Knowledge of credit risk and Basel regulation preferred- An interest in a fast-paced environment, often balancing multiple high priority deliverables- Strong attention to detail and ability to provide information in usable formats- Strong statistical, analytical and programming skills (Python, R or equivalent)Firm Risk Management values diversity and is committed to providing a supportive and inclusive workplace for all employees.Expected base pay rates for the role will be between 110,000 and 190,000 per 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 base 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 the law.Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).#LI-JB3Job Field: Risk Analytics