VP, Model Risk (Risk Management)

Morgan Stanley

3.1

(72)

New York, NY

Why you should apply for a job to Morgan Stanley:

  • Our best-in-class Return to Work program is an excellent opportunity to re-engage and pick up where you left off after a career break.
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  • #549779235438

    Position summary

    sues that may come up.

    • Help answering regulatory and internal audit requests related to MRM activities on ILST and Net interest Income , attending regulatory meetings if needed

    • Independently develop and review existing monitoring and quantify model risks due to model limitations and thematic risks including developing compensating controls.

    • Develop high-quality validation reports highlighting risks and limitations of models and communicate findings to stakeholders, senior management, and governance committees

    • Collaborate with Global MRM teams, Model Control Officers, Regulatory Capital Controllers, Finance and Risk Managers to manage model risk across the model lifecycle

    • Strong technical / programming skills

    • Understanding how model risks impact the business, and business changes impact models

    • Strong communication skills with ability to articulate complex concepts appropriately to different audiences including senior management

    • Masters (or equivalent) in Finance, Economics, Mathematics, or a related quantitative field is required.

    • The ideal candidate should have strong experience with models used for Internal Liquidity Stress Testing and Interest Rate Risk in the Banking Book gained at a financial institution.

    • Quantitative programming skills (e.g. Python, R, etc) and advanced excel knowledge

    • 5+ years of relevant working experience with model validation or development in treasury or liquidity risk management functions with sound understanding of Model lifecycle and validation report is required.

    • Experience on Regulatory Capital with CCAR and other supervisory stress testing is a plus.

    • The ability to effectively communicate with a wide range of stakeholders, both written and verbally is required.

    • Ability to partner and work effectively both with team members and with colleagues across the wider organization.

    • An interest in working in a fast-paced environment, often balancing multiple high priority deliverables with attention to detail is required.

    Expected base pay rates for the role will be between $110,000 and $190,000 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.

    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 basis 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 law.

    Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).

    Why you should apply for a job to Morgan Stanley:

  • Our best-in-class Return to Work program is an excellent opportunity to re-engage and pick up where you left off after a career break.
  • Whether you're welcoming a new addition, watching your children grow or caring for aging parents, there’s support.
  • An employee stock purchase program, 401(k) retirement savings, 529 plans with a company match, IRAs? Check, check, check and check.