Morgan Stanley
Financial Modeling Strategist
Morgan Stanley, Purchase, New York, United States, 10577
Morgan Stanley Private Banking Group’s Strategists and Modeling group is seeking an Executive Director or Vice President level Financial Modeling Strategist for our model development team. Desk Strategists (Strats) support revenue-generating activities and reside within our Wealth Management Banking businesses, covering a wide range of financial products including bank deposits, mortgage lending, retail and margin lending. We have an opening for a qualified individual to join our fast paced work environment.
Financial Modeling Strategists collaborate with the banking business to support revenue-generating activities by providing financial analytics. The job involves constructing forecasts of lending balances and revenues for the Firm’s Wealth Management products for use in budgeting, planning, and scenario-based stress testing. Additional responsibilities are: (i) testing, documenting, and communicating modeling approaches, and (ii) writing and maintaining code and processes for implementation.
Responsibilities include:
• Developing econometric models used for forecasting product revenues and asset balances based upon macroeconomic variables and historical and current product-level characteristics. • Coordinating with data providers and end users. • Communicating technical content to management, model validation teams, internal audit, and regulators. • Performing statistical tests and writing model documentation. • Writing and maintaining Python/R code for forecasting engine with version and process controls for production. • Performing ad hoc investigations as per business requirements. • Participate in model integration effort between MS and E*TRADE. • Ensure compliance with regulatory requirements such as CCAR.
Skills required:
•PhD in Economics, Statistics, Data Science, Mathematics, Physics, Engineering, or other quantitative/computational fields.
•Hands-on experience analyzing data and developing econometric and statistical models, preferably with financial applications.
•Ability to clearly communicate all aspects of quantitative model design, testing and analysis to Business Unit, Model Review, and Finance teams.
•Strong written and oral communication skills and a positive, collaborative, and proactive attitude.
•Programming skills in R and Python. Familiarity with C and Linux a plus.
•7 years of financial industry experience preferred.
Expected base pay rates for the role will be between $170,000 and $250,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
Job: *Wealth Management
Title: Financial Modeling Strategist
Location: New York-Purchase
Requisition ID: 3259602
Financial Modeling Strategists collaborate with the banking business to support revenue-generating activities by providing financial analytics. The job involves constructing forecasts of lending balances and revenues for the Firm’s Wealth Management products for use in budgeting, planning, and scenario-based stress testing. Additional responsibilities are: (i) testing, documenting, and communicating modeling approaches, and (ii) writing and maintaining code and processes for implementation.
Responsibilities include:
• Developing econometric models used for forecasting product revenues and asset balances based upon macroeconomic variables and historical and current product-level characteristics. • Coordinating with data providers and end users. • Communicating technical content to management, model validation teams, internal audit, and regulators. • Performing statistical tests and writing model documentation. • Writing and maintaining Python/R code for forecasting engine with version and process controls for production. • Performing ad hoc investigations as per business requirements. • Participate in model integration effort between MS and E*TRADE. • Ensure compliance with regulatory requirements such as CCAR.
Skills required:
•PhD in Economics, Statistics, Data Science, Mathematics, Physics, Engineering, or other quantitative/computational fields.
•Hands-on experience analyzing data and developing econometric and statistical models, preferably with financial applications.
•Ability to clearly communicate all aspects of quantitative model design, testing and analysis to Business Unit, Model Review, and Finance teams.
•Strong written and oral communication skills and a positive, collaborative, and proactive attitude.
•Programming skills in R and Python. Familiarity with C and Linux a plus.
•7 years of financial industry experience preferred.
Expected base pay rates for the role will be between $170,000 and $250,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
Job: *Wealth Management
Title: Financial Modeling Strategist
Location: New York-Purchase
Requisition ID: 3259602