Head of Corporate Credit Modeling

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • Morgan Stanley USA
  • 24 Apr 19

Head of Corporate Credit Modeling

Morgan Stanley's business around the world is supported by groups and teams with a wide variety of specialized skills. They provide information and strategic thinking to the Management Committee; help to ensure the long-term growth and efficient day-to-day functioning of our business; and serve the well-being of our shareholders, clients and employees.

We are looking for a self-motivated, innovative, hard-working individual who can handle changing priorities and multiple tasks in a timely fashion. The candidate will be working with all corporate credit products, interfacing with business unit personnel as well as review and validation teams with a broad mandate covering pricing and risk models. This includes:

• Develop models and analytics for a variety of corporate credit products, including corporate bonds, loans, CDS, CDX & various credit indices, fixed income ETFs, index options, index tranches and bespoke, CLN, and other credit derivatives
• Interact with internal stakeholders, including traders, sales, front-office quants, technology, model validators, and risk managers, on matters relating to the pricing, risk and regulatory models
• Effectively manage and develop the team to ensure resources are optimized to deliver. Provide strategic oversight of all ongoing valuation, risk and regulatory initiatives to ensure they achieve timely success

Qualifications:

• The ideal candidate should have strong previous experience in corporate credit modeling
• Advanced degree in Computer Science, Physics, Engineering, Math, Statistic, Economics or related discipline
• 10+ years of relevant working experience
• Excellent communication and interpersonal skills. Proven ability to pitch ideas internally and externally
• In-depth knowledge of financial math, statistics, stochastic modeling, derivative pricing and numerical techniques
• Strong programming skills in Java, Scala, and/or C++, (Q/KDB is a plus)
• Strong management and organizational skills, demonstrable experience in managing a high performing team working on corporate credit models to prioritize and deliver
• Clear thinking, good business sense and judgment. Ability to prioritize and efficiently plan for various short- and long-term deliverables
• Ability to work with a strong sense of urgency while maintaining attention to detail