Morgan Stanley

Executive Director - Credit Risk Analytics

Posted On

Aug. 22, 2025

Location

Mumbai, Maharashtra

Experience Level

Freshers/Experienced

Job Type

Permanent

Apply By

Sept. 17, 2025

Job Description

Company Prole

Morgan Stanley is a leading global financial services rm providing a wide range of investment banking, securities, investment management, and wealth management services. With offices in over 40 countries, the Firm's employees serve clients worldwide including corporations, governments, and individuals. As a market leader, the talent and passion of our people are critical to our success. We share a common set of values rooted in integrity, excellence, innovation,
and strong team ethic. Morgan Stanley offers a superior foundation for building a professional career { a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives, and needs is an integral part of our culture.

Firm Risk Management (FRM) supports Morgan Stanley in achieving its business goals by partnering with business units to realize efficient risk-adjusted returns. FRM acts as a strategic advisor to the Board and protects the Firm from exposure to losses arising from credit, market, liquidity, model, and other risks. Within FRM, the Risk Analytics department develops quantitative models and tools to measure and monitor the Firm's risk exposures, projecting risks
to inform executive decisions and safeguard the Firm. Risk Analytics is a global function with major hubs in New York and London, and significant talent centers in Mumbai and Budapest, reflecting our worldwide reach and collaborative culture.

The Credit Risk Analytics Team

Credit Risk Analytics team develops models that assess creditworthiness of clients and counter-parties, ensuring compliance with global regulatory standards while enabling smarter lending and investment decisions. We build sophisticated internal ratings systems and credit risk models that form the foundation of the Firm's risk-based capital and underwriting decisions. The
Mumbai Credit Risk Analytics team is a key part of the global organization, with end-to-end ownership of important workstreams and close collaboration with global colleagues.

The team works on a range of specialized focus areas:

Internal Ratings-Based (IRB) Modeling: Developing probability of default (PD), loss given default (LGD), and exposure at default (EAD) models to quantify borrower and facility risk, in line with Basel regulatory frameworks.
Counterparty Credit Risk: Quantifying exposure on derivatives and financing transactions (e.g., Potential Future Exposure and Credit Valuation Adjustment models) to safeguard the Firm against counterparty defaults.
Credit Stress Testing & Provisioning: Building forward-looking models (e.g., for CCAR, CECL, and IFRS 9) to estimate credit losses under various economic scenarios, ensuring the Firm's resilience and proper capital allocation.

By joining our team, you will be at the forefront of industry innovation and regulatory evolution in credit risk. We oer a unique combination of technical rigor, global exposure, and strategic impact. You will work with a global network of risk professionals, quantitative analysts, and technologists, and contribute to initiatives that have far-reaching impact on the Firm's financial stability and client franchise.

Position Summary

As an Executive Director in Credit Risk Analytics, you will lead a high-performing team at the intersection of quantitative risk modeling, regulatory compliance, and strategic decision-making. This senior leadership role provides an opportunity to shape Morgan Stanley's credit risk measurement frameworks and to develop the next generation of risk analytics talent. You will be responsible for guiding the development and implementation of cutting-edge credit risk
models that influence business strategies and meet evolving regulatory standards.

We are seeking a seasoned risk management professional with deep expertise in credit risk and a proven track record of people leadership. In this role, you will utilize your strong quantitative background and strategic vision to ensure that our credit risk models and analytics stay best-in-class. You will work in a dynamic environment, partnering with global teams across the firm. If you are looking to leverage your experience in credit risk while mentoring a talented
team of analysts, this role offers a platform to make a significant impact on the Firm's success.

Key Responsibilities

Team Leadership: Manage and mentor a diverse team of credit risk analytics professionals, fostering a culture of excellence and innovation. Provide direction and oversight across specialized functions including IRB modeling, counterparty credit risk analytics, and credit stress testing/provisioning. Develop team members' skills and careers and promote an inclusive, collaborative environment.
Strategic Direction: Drive the strategic development of the Firm's credit risk measurement methodologies. Set the vision for next-generation credit risk models and analytics tools, ensuring they align with business objectives and emerging risks. Continuously improve model frameworks to enhance risk-adjusted return on capital and support prudent risk-taking by the Firm.
Regulatory Engagement: Lead the Credit Risk Analytics team's response to regulatory initiatives and requirements. Oversee the implementation of frameworks such as Basel III Internal Ratings-Based approaches and stress testing programs (e.g., CCAR). Engage with regulators and internal Model Risk Management on model approvals, validation exercises, and regulatory examinations. Ensure all credit risk models and processes meet the highest standards of compliance and transparency.
Cross-Functional Partnership: Work closely with a broad range of stakeholders to integrate credit risk insights into decision-making. Partner with Credit Risk Managers and business units (Wealth Management, Lending) to ensure models adequately capture risks and inform credit decisions and limit setting. Collaborate with Technology teams to drive the development of analytics infrastructure and data capabilities. Provide senior leadership with timely, insightful analysis of credit risk findings and trends.
Model Governance: Oversee the end-to-end lifecycle of credit risk models, from design and development through validation, implementation, and ongoing performance monitoring. Chair internal model committees and ensure methodological rigor, robust documentation, and adherence to model risk governance standards. Proactively identify model limitations and guide enhancements or redevelopment as needed. Maintain a strong control environment around model usage and results interpretation.
Global Collaboration: Coordinate with Risk Analytics colleagues and other risk stripes globally to ensure consistency and best practices in risk modeling. Contribute to firmwide risk initiatives and working groups, sharing expertise in credit risk analytics. Leverage the global footprint of the team by seamlessly integrating efforts between Mumbai, New York, London, and Budapest offices.

Qualifications

Experience: 15+ years of experience in credit risk management, risk analytics or related quantitative finance fields, with a track record of increasing responsibility. Significant people management experience is required { you should have successfully led high-performing teams and managed multi-disciplinary projects. Experience in a global financial institution or credit rating agency, particularly in roles involving credit risk modeling or analytics, is highly desirable.
Technical Expertise: Deep understanding of credit risk modelling and quantitative techniques. Expert knowledge of probability of default (PD), loss given default (LGD), and exposure at default (EAD) modeling, credit scoring methodologies, and portfolio credit risk concepts. Familiarity with counterparty credit risk metrics (e.g., PFE, CVA) and structured credit products is a plus. Strong foundation in statistics, econometrics, and data analysis; proficiency in programming (Python, R or similar) for risk analytics is preferred. Ability to oversee the development of models employing techniques ranging from logistic regression to advanced machine learning, while ensuring they are conceptually sound and fit for purpose.
Education: Advanced degree (Master's or PhD) in a quantitative discipline such as Finance, Economics, Statistics, Mathematics, Engineering, or a related eld. A strong academic foundation in quantitative methods and risk management principles is essential.
Regulatory Knowledge: Comprehensive understanding of global regulatory frameworks and guidelines for credit risk. This includes Basel II/III capital requirements (Foundation and Advanced IRB approaches), stress testing regimes (such as CCAR/DFAST), and accounting standards for credit impairments (CECL and IFRS 9). Demonstrated experience interfacing with regulators or auditors on risk model issues, and familiarity with the expectations of model validation and governance processes.
Leadership Skills: Exceptional leadership and organizational skills with the ability to build, inspire, and retain a high-caliber team. Proven capability in coaching and developing talent and fostering cross-team collaboration. Strategic thinker who can navigate complex problems and make decisions in high-pressure situations. A track record of driving change and innovation in a risk analytics or similar function, and championing initiatives from concept through execution.
Communication: Outstanding communication and presentation skills. Ability to translate complex quantitative concepts and risk results into clear, concise insights for senior management, regulators, and non-technical stakeholders. Strong influencing skills - able to effectively advocate for model improvements, risk policy changes, or resource needs. Fluent in written and spoken English; confidence in articulating a vision and representing the team in executive forums.
Industry Engagement (Plus): Active involvement in the wider risk management community is a plus. Professional certifications such as FRM (Financial Risk Manager), PRM, or CFA are advantageous. Keeping abreast of industry trends, such as developments in credit risk modeling techniques, fintech innovations, and emerging risks (e.g., climate risk), demonstrates the forward-looking mindset we value in this role. Experience with AI/ML applications in risk analytics or big data tools for risk management would be an added benefit.

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 89 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.

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.

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