Morgan Stanley is a global financial services firm and a market leader in investment banking, securities, investment management and wealth management services. With more than 1,200 offices in 42 countries, the people of Morgan Stanley are dedicated to providing our clients the finest thinking, products and services to help them achieve even the most challenging goals.
We are currently looking for
Model Review Analysts – Model Review Group
for our Budapest Office.
The Model Review Group is part of the Global Risk Management Department of Morgan Stanley and it has global responsibility for the independent risk control, review and validation of models used by Morgan Stanley. These include pricing models for derivatives in all product areas (i.e. interest rates, currencies, equities, commodities, credit, and securitized products), as well as models used for counterparty credit risk (CVA), wealth management products, and capital and liquidity stress tests.
Model Review professionals are located in New York, London, and Budapest, and they work closely with business quantitative strategists, risk managers and financial controllers. The Budapest team works closely with other members of the Model Review Group on model issues across all asset classes globally.
- Review, test and independently implement pricing and/or stress test models
- Produce written model review reports
- Conduct on-demand analyses of model performance
- Participate in the model control and model risk management processes of the Firm
Skills required/preferred include the following:
- Masters or Ph.D. degree in Finance, Economics, Mathematics, Mathematical Finance, Physics, Engineering, or a related quantitative field
- Knowledge of financial markets and derivatives
- Clear thinking, good business sense and judgment
- Strong interpersonal and communication skills
- Excellent command of English both written and oral
- Experience with pricing models used for derivatives and securities, or with Basel capital and liquidity rules is a plus
- In-depth knowledge of mathematical finance, derivative pricing, option theory, and numerical/quantitative techniques for derivative valuation is a plus
- Programming skills in a high-level language such as Matlab or Python; ability to program valuation/pricing models for derivatives is a plus
If you are interested in the above opportunity, please via on the link below by uploading your English CV and motivational letter.