Junior Macroeconomist (Risk Management)

Firm Risk Management
Morgan Stanley's Firm Risk Management (FRM) Division is an exciting and rapidly growing space. We support Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, model and other risks.

Background on the Position
The role will reside within the Firm Risk Management's Risk Analytics area. Risk Analytics develops market risk, credit risk and scenario analytics models. These mathematical and statistical models provide an overall calculation of market risk across asset classes (e.g. equities, credit), the credit risk of borrowers and their expected losses, the calculation of risk in a time of increased economic stress (i.e. stress testing), and the generation of scenarios associated with increased economic stress.

Morgan Stanley is seeking an analyst to join the Scenario Analytics department. Scenario Analytics is responsible for producing macroeconomic scenarios and forecasts used in Firm-wide capital planning, budgeting, and loss assessment. The new hire will join the Scenario Analytics department to develop macroeconomic models and to support macroeconomic forecasting and scenario generation. The candidate will collaborate within the team and across a range of functional groups to timely fulfill the deliverables for various stress testing exercises.

Primary Responsibilities

• Work extensively with macroeconomic and financial market data to identify patterns, trends, and create reliable forecasting models
• Contribute to economic research, statistical modeling, and the enhancement of scenario design frameworks by developing new methodologies
• Participate in the development and execution of econometric models and macroeconomic forecasts, addressing critical business and regulatory needs
• Analyze, document, and communicate econometric model outputs and macroeconomic forecasting results to both technical and non-technical stakeholders
• Collaborate with risk managers and cross-functional teams to calibrate macroeconomic and financial market variables for various forecasting and planning efforts
• Engage with key stakeholders, including internal audit, model validation teams, regulatory agencies and business units, providing timely and accurate responses to their requests

Analytical thinking and strong problem-solving skills

Attention to detail and ability to prioritize projects and workload

Self-motivated team player who brings a "can-do" approach

Ability to work well in a fast-paced team-oriented environment

Strong communication skills: ability to present complex and technical issues clearly, both verbally and in writing

Technical skills in using R or Python for statistical and econometric analysis is a plus

Proficient in MS Excel

Expected base pay rates for the role wi ll be between $75,000 and $90,000 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.

This role is hybrid and currently requires in office attendance 3 days/week. The in office requirement is subject to change at any time.

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 base 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 the law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).

Firm Risk Management values diversity and is committed to providing a supportive and inclusive workplace for all employees.

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'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).