Internal Audit - Quantitative Analysis Group

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • Morgan Stanley USA
  • 20 Nov 17 2017-11-20

Internal Audit - Quantitative Analysis Group

Company Profile
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries. As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

Department Profile
Internal Audit is responsible for validating whether the firm operates in a controlled environment with appropriate risk-management processes. Auditors evaluate the adequacy and effectiveness of the firm's internal controls using a risk-based methodology developed from professional auditing standards. Internal Audit assists in monitoring the firm's compliance with internal guidelines set for risk management and risk monitoring, as well as external rules and regulations governing the industry. The team reports directly to the Board Audit Committee and helps verify whether the firm meets all of its fiduciary responsibilities to shareholders, while adhering to corporate-governance standards and legal and regulatory requirements. Internal Audit is comprised of Business, Risk and Technology auditors. Business and Risk auditors focus on understanding the risks that the businesses face and the controls to mitigate those risks. Technology auditors focus on the application controls supporting the business processes, including systems development, application security and entitlements, production management, and technology governance. Each group is responsible for understanding, analyzing and testing the controls to protect the franchise.

Primary Responsibilities
· Review Market Risk, Credit Risk and Operational Risk models and validations
· Review pricing models and validations
· Provide Subject Matter Expert support on financial derivatives, risk analytics in other Internal Audit engagements
· Manage projects to ensure on-time delivery and quality control
· Interact and maintain relations with regulators and internal clients
· Periodic reporting to senior management

Qualifications:

Skills required
· MS/Ph.D. level of education in a quantitative subject
· 5+ year of experience in quantitative finance, commensurate with title/seniority
· Hands-on model development or validation experience
· Exposure to wide variety of products and derivatives, risk analytics, validation methodologies and regulatory requirements
· Mature verbal and written communication skills and team worker

Skills desired (any of the following)
· Detailed knowledge of derivative pricing models used in one or multiple asset classes
· Expertise in models used for portfolio management
· Expertise in algorithms used in Electronic trading
· Machine learning techniques and experiences in using such methods in financial applications
· Expertise in risk analytics models like Value at Risk (VaR) calculations