Risk Management - Central Requisition Spring/Fall Associate Program (Start ASAP)

About Morgan Stanley

Since its founding in 1935, Morgan Stanley has consistently delivered first-class business in a first-class way. Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management, and wealth management services.

Your role

About Firm Risk Management (FRM) Team

Firm Risk Management operates independently from business units, aiding senior management in risk oversight. The Model Risk department reviews over 4,000 models used across the firm, assessing their soundness using quantitative techniques and documenting findings. Interns will assist the Model Risk team in their daily tasks and responsibilities.

The responsibilities of this quantitative group (Model Risk) within the Risk Management department include, but are not limited to:

• Identify, communicate, and take steps to mitigate the model risks associated with the Firm’s models such as Market Risk models, Credit Risk models, Capital Planning models, Stress Testing Scenario
• Generation models, AI-based Decision Support models, Pricing models, Asset Management models, and AI-based Financial Fraud detection models.
• The various tasks include performing analysis using various quantitative techniques to test the conceptual soundness of models, model usage, model behavior over different market conditions, and other scenarios that might be relevant to the model.
• Help the team in various steps of the model Review and validation process like conducting various statistical tests, sensitivity testing, and technical documentation of the findings of the model review.

Training & development 

Interns at Morgan Stanley India receive comprehensive training and development, including orientation, on-the-job training, mentorship, workshops, networking opportunities, performance feedback, and potential full-time job offers, ensuring a valuable learning experience and a pathway for career growth.

Benefits

They provide the following benefits

• Health Care & Insurance
• Life Insurance
• Vacation & Paid Time Off
• Maternity and paternity Leave
• Work From Home options 
• Student loan refinancing for you, your family, and your friends
• Cash management, securities-based loans, and home financing solutions with options for each stage of your life.

Career progression

Interns at Morgan Stanley India typically progress from their internship to potential full-time positions, with opportunities for advancement into roles such as Analyst, Associate, and beyond as they gain experience and demonstrate their capabilities within the organization.

Work-life balance

Regarding work-life balance, Morgan Stanley adheres to a typical Monday to Friday schedule from 11:30 a.m. to 8:30 p.m. IST, but they provide flexibility for time-sensitive tasks, including Indian public holidays. Employees can enjoy flexible working hours, including the option to work from home. Morgan Stanley maintains a five-day workweek, with an average of 55 working hours.

Culture & vibe  

At Morgan Stanley, you'll find a vibrant and multifaceted atmosphere where individuals collaborate closely with colleagues from diverse functions and the Business Unit in onshore regions. Analysts at Morgan Stanley often highlight the satisfaction of working alongside intelligent and motivated peers and the constant professional challenges as some of the most rewarding aspects of their tenure.

About you

Education, skills, and qualities required:

• Ph.D. or Post Doctorate in Mathematics, Physics, Finance or Economics
• Quantitative background, good analytical and numerical skills.
• Knowledge about Financial products and Risk is advantageous.
• Excellent written and verbal English communication skills.
• Desire to work in a dynamic, fast-paced, team-oriented environment

How to apply

To apply for this role, click on the "Apply on employer site" button, which navigates to the career section where the application can be filled out and submitted directly.

Sources

The following source was used in researching this page:

• Morganstanley.com/people-opportunities/perks-benefits-working-at-morgan-stanley
• youtube.com