Morgan Stanley

Quantitative Analyst

Posted On

Feb. 5, 2025

Location

Mumbai, Maharashtra

Experience Level

Freshers/Experienced

Job Type

Permanent

Apply By

April 9, 2025

Job Description

TEAM – Quantitative Analyst

LEVEL – Associate

DEPARTMENT PROFILE

Morgan Stanley Investment Management (MSIM), together with its investment advisory affiliates, has $1.66 Trillion in assets under management or supervision as of December 2024. Morgan Stanley Investment Management strives to provide outstanding long-term investment performance, service, and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations, and individuals worldwide.

Team Profile:

Quantitative Research and Model Review (QRMR) team is part of the first line Business Unit risk management and analysis team that is responsible for developing leading quantitative solutions to support risk management of the funds and business as a whole, and centrally support model risk management for the business. The team has strong partnerships with investment teams, firm model risk, valuation, technology and trading

.Key responsibilities

Represent the Quantitative Research and Model Review (QRMR) team as the IM model control function across MSIM and at firm level on model risk management discussions and system and infrastructure initiatives.
Support and shape model governance initiatives and strategy setting for model risk management.
Engage in model development discussions, documentation, testing and validation.
Perform model review including analysis of adequacy of testing and propose model testing strategies as required for Investment Management (IM) models, such as portfolio construction, research, risk, valuation, AI and advanced statistical models.
Assess and document the performance of IM models.
Analyse and document IM models
Assess quality of implementation of IM models and their compliance with policies and procedures
Support Deterministic Quantitative Methods (DQMs) governance initiatives, including implementation of appropriate controls and attestation of compliance to the DQM`s governance framework.
Work closely with Morgan Stanley Model Risk Management to ensure appropriate application of model risk assessment for IM models and timely closure of key deliverables on model risk management.
Work closely with portfolio managers (model owners) and quants (model developers) to ensure models are developed and maintained in accordance with policies and standards.
Ensure model documentation is in line with regulatory model risk management guidance covering OCC 2011-12, SR 11-7 and other related standards and regulations.
Serve as advisory function for portfolio managers (model owners) across the business regarding model documentation and provide recommendations on appropriate enhancements to help close model limitations.
Work with the team to develop the proper framework for model risk assessment, model change control and ongoing model performance/health monitoring.
Work closely with the team on projects and other strategic initiatives related to model governance enhancements.

Skills desired

At least 3 years of hands-on experience in model development/review/risk management in the financial services industry
At least a bachelor’s degree in highly quantitative field, such as Applied Math, Statistics, Engineering, Mathematical Finance, Finance and Economics
Fluid understanding of financial markets, economics, product valuation and portfolio management concepts.
Understanding of model strengths and weaknesses, blind spots and risks related to the implementation and usage.
Familiarity with essential quantitative techniques used in financial models.
Experience in model development or validation.
Strong communication (in English) skills are a must.
Experience with presentation to senior stakeholders, committee and forums is highly desired (in English)
Programming skills in common computer languages such as R, Python or MATLAB
Fluid understanding of software development lifecycle in a tightly controlled corporate environment.
Familiarity with vendor risk systems such as Risk Metrics, BlackRock Aladdin, MSCI Barra, Yield Book, SunGard APT, Bloomberg terminal is a plus
Advanced degree in a quantitative field or CFA, FRM, CEFA certification is a plus.

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

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 85 years. At our foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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.

We're committed to bringing passion and customer focus to the business.

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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