Associate, Climate Risk

Morgan Stanley is hiring an Associate for Climate Risk in New York, NY, to develop methodologies for integrating climate risk into risk management frameworks in Wealth Management. Responsibilities include assessing climate impacts, enhancing risk appetite, and collaborating with stakeholders on climate initiatives. The role requires strong analytical skills, teamwork, and effective communication. This is a full-time position with no specific degree requirement mentioned.
Morgan Stanley is seeking a candidate to join the Wealth Management Credit Analytics team to lead the development of climate risk methodologies to incorporate into risk management frameworks. The Wealth Management lending portfolio comprises wholesale and retail products, including commercial real estate, residential mortgage as well as securities backed lending products.

The ideal candidate will demonstrate strong analytical skills, be a good team player, a self-starter with curiosity to learn and solve problems to enhance risk capabilities and communicate effectively in various forums.

Primary job responsibilities include:
• Lead the development of methodologies for incorporating climate risk into existing risk management framework, including measuring impact of different climate events and enhancing risk appetite, underwriting, portfolio management, reserves and stress loss projections
• Evaluate new and evolving tools to enhance monitoring and analyses of climate events and associated impact to lending portfolios
• Enhance risk appetite and establish KRIs to monitor impact of climate events and associate exposure and risk to lending portfolios
• Collaborate with Firm-wide stakeholders and stay connected with climate initiatives across the firm, and leverage best practices as appropriate
• Keep abreast with latest trends related to climate change – regulatory landscape, analytical tools and capabilities, academic research, etc. – with a lens to continually enhance climate risk framework