Macroeconomist - Scenario Analytics - New York New York

Company: Morgan Stanley
Location: New York, New York
Posted On: 04/28/2024

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, operational, model and other risks. We believe that a diversity of viewpoints and experiences are critical to our success as a global organization and we are committed to growing and training our staff. We are currently recruiting from a range of backgrounds and encourage those with professional and educational backgrounds outside of Finance or Risk Management to apply. Background on the Position The role will reside within the Firm Risk Management's Risk Analytics area, specifically, Scenario Analytics. Scenario Analytics is responsible for producing macroeconomic scenarios and forecasts used in Firm-wide capital planning, budgeting, and loss assessment. Scenario Analytics is seeking a strong VP Macroeconomist to develop macroeconomic scenarios used in stress testing for a range of internal and regulatory stress test regimes. The candidate will collaborate with business stakeholders and research economists to develop assessments of emerging risks, translating these assessments into scenarios that impact key portfolio risk drivers and that test the vulnerabilities of the firm. Primary Responsibilities - Provide regular assessments of emerging macroeconomic and market risks and their scope, working with firm macroeconomic research - Assess materiality of risks in the context of firm exposures, and internal risks and risk drivers including market risk factors as well as economic variables - Develop macroeconomic scenarios including narratives that describe how stress scenarios evolve over time and spread across markets. Provide assessments of scenario severity levels and global impacts - Develop forecast guidelines that may be leveraged to support development of broader macroeconomic forecasts used in stress testing - Work with firm research economists to ensure comprehensiveness and reasonableness of macroeconomic forecasts - Provide supporting documentation and rationale for macroeconomic scenarios and assumptions in regulatory as well as internal stress scenario submissions #LI-JB3 Experience - PhD. or Masters in Economics with concentration in Macroeconomics, Applied Econometrics - Familiarity with political and geopolitical analysis - Formal training in econometrics with experience in specifying and developing macroeconomic forecast models - Proficiency in developing forecasts with macroeconomic forecast models - 5-10 years of experience in the field of macroeconomic research and forecasting. Experience in economic consulting or research a plus - Strong communication skills; ability to present complex issues clearly, both verbally and in writing - Familiarity with stress test regimes under Federal Reserve, CECL, ECB and other regulatory guidance a plus Firm Risk Management values diversity and is committed to providing a supportive and inclusive workplace for all employees. Expected base pay rates for the role will be between $110,000 and $190,000 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). #LI-JB3 More...

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