2 Mathematical Formulation Jobs

Role Description The role is based out of Mumbai and will require work across multiple teams in the Global Investment Office (GIO) to audit quantitative models to ensure their alignment with the requirements of the firms Model Risk Management (MRM) group which is part of independent risk control, review and validation of models used by Morgan Stanley. This individual will conduct testing of a variety of models and provide written summaries of any findings. Additionally, this individual will support a variety of performance dashboards used within GIO to assist with data-driven decision-making across the business. Primary Responsibilities Conduct model validation for a variety of models by challenging model assumptions, mathematical formulation, and implementation. Conduct independent testing to assess model accuracy and robustness under different scenarios and market conditions. Write comprehensive and high-quality review reports for models and tools validated for annual approvals and recertifications. Proactively identify and escalate thematic and idiosyncratic risk themes related to the models and tools under the coverage area, engage with relevant stakeholders in identifying effective approaches to managing such risks. Providing dashboard support to a variety of teams, which may include designing dashboards and regular updates of data from the data lake. Qualifications 3-5 years of relevant work experience, bachelors degree, preferably in IT, Computer Science, Math, or Statistics. Strong attention to detail Risk-oriented mindset including effective risk prioritization, critical and analytical questioning, and ability and willingness to speak up. Comfort juggling multiple priorities; strong organizational and time management skills. Ability to work effectively as a member of a team or independently. Persistence, tenacity and drive for results. Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise 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 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - arent just beliefs, they guide the decisions we make every day to do what&aposs best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, youll 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. Theres 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. Show more Show less

The role of MRM & Data Specialist, Associate at Morgan Stanley is based in Mumbai and involves collaborating with various teams within the Global Investment Office (GIO) to evaluate quantitative models in line with the Model Risk Management (MRM) group's standards. This position entails conducting tests on different models, documenting findings, and supporting the development of performance dashboards to facilitate data-driven decision-making within the organization. As a MRM & Data Specialist, your primary responsibilities will include: - Validating models by questioning assumptions, mathematical formulations, and implementations. - Independently testing models to assess accuracy and robustness under various scenarios. - Generating detailed review reports for models and tools for annual approvals and recertification. - Identifying and escalating risk themes related to models, and collaborating with stakeholders on risk management strategies. - Providing dashboard support by designing and updating data dashboards for various teams. To qualify for this role, you should have 3-5 years of relevant work experience and a bachelor's degree in IT, Computer Science, Math, or Statistics. Other qualifications include strong attention to detail, a risk-oriented mindset, ability to manage multiple priorities effectively, teamwork skills, persistence, and a drive for results. At Morgan Stanley, we are dedicated to upholding our legacy of exceptional service and excellence. Our core values guide our daily decisions, emphasizing client focus, integrity, innovation, diversity, and social responsibility. By joining our team, you will have the opportunity to collaborate with talented individuals in a supportive environment that values diversity and inclusion. We offer attractive benefits and opportunities for career growth to employees who demonstrate passion and dedication in their work. Morgan Stanley is committed to fostering an inclusive culture where individuals from diverse backgrounds can thrive and reach their full potential. We prioritize recruiting, developing, and advancing individuals based on their skills and talents, irrespective of their background or experiences.,