About the Job
Morgan Stanleys Global Sustainable Finance Group (GSF) aims to drive the growth of sustainable investing through ongoing development of products and solutions, economic analysis, thought leadership and capacity building initiatives.
GSF leads the Firms approach to climate change, which has been recognized as a leader on this issue. As the first large US financial firm to set a net-zero by 2050 commitment, and with a leadership role in key industry initiatives on climate, the successful candidate would play an integral role in helping the firm operationalize our commitments.
GSF is seeking a Climate Economics Associate to support the team?s efforts to integrate climate considerations into financial products and advisory solutions for clients, internal risk mitigation, financed emissions analysis, reporting and engagement processes.
Successful candidates will have a dual passion for financial markets and climate change/sustainability issues as well as demonstrated expertise in climate economics, including knowledge of leading-edge approaches, data sources, and analytical tools. Additionally, successful candidates will be well-organized and detail oriented, and will work well in team environments.
The Climate Economics Associate will be responsible for helping conduct economic and data analysis on topics related to sustainable investing and risk management, while understanding and analyzing various sources of climate data using a range of statistical and econometric methods.
In this role, the successful candidate will:
- Provide subject matter expertise on economic impacts of climate-related government policy, impacts of physical risks of climate change, as well as impacts of climate change on economic and financial variables at the global, sovereign, regional, sector, corporate, and asset level.
- Conduct empirical economic analysis to drive business outcomes across topics related to sustainable investing and risk management, using diverse sources of sustainability data and a wide range of statistical and econometric methods.
- Contribute to the development and management of data-driven tools and algorithms for analyzing climate-related impact, exposure, and alignment of financial products and portfolios.
- Collaborate with members of the GSF team, other business units, and various technology partners to evolve and maintain the Firms climate data infrastructure.
- Summarize outputs appropriate for internal and executive audiences, and a wide range of clients, while staying current on relevant research literature on climate economics.
- Engage with senior leaders of the GSF team and business units as needed to convey insights and findings of data-driven climate economics analysis.
- Masters or PhD in Economics, Public Policy, or a similarly quantitative field of social science, with strong exposure to energy, environment and natural resource economics and/or sectors.
- 3-5 years of professional experience, ideally in a financial services or corporate setting or business-oriented NGO, with a focus on climate/sustainability issues.
- Experience with conducting econometric analysis of impacts of climate change or government climate policy on economic or financial assets using large scale datasets.
- Understanding of:
- Macro-economic models with energy and environment satellite accounts and their use in simulation of climate-related policies, events, or trends.
- Transmission channels for economic effects of climate change or climate related policies on financial assets.
- A broad understanding of climate science, implications of climate for the economy and markets, as well as familiarity with global and sector emissions pathways in the context of net-zero
- Measurement and reporting frameworks for climate related footprints, impacts and risks, including TCFD, SBTI, PCAF, GHG Protocol, and NZBA, etc.
- Strong knowledge of one or more statistical programming languages e.g. R and Python, Stata, SAAS, or Matlab.
- Detail-oriented with excellent communication and presentation skills ability to synthesize insights from detailed analysis for a high-level executive audience.
- Comfort juggling multiple priorities; strong organizational and time management skills.
- Ability to work effectively as a member of a team and as a self-starter.
Exposure to one or more of the following areas is a plus:
- Experience with economics and valuation for nature-based solutions to climate change.
- Familiarity with, or work in, carbon-intensive sectors
- Familiarity with aggregate macroeconomic databases and sources of underlying data.
- Familiarity with climate scenario families, assumptions and forecasts.
- Familiarity with factor-based models, asset pricing, and portfolio optimization.
- Fundamentals of financial analysis and corporate valuation.
- Knowledge of environmental, social and governance reporting and metrics.
- Series 7 and 63 licenses.
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.