Associate, Risk/Policy Management

Morgan Stanley • New York, NY

1d • $138,000 - $140,000 • Hybrid

About The Position

Morgan Stanley Services Group Inc. is seeking an Associate, Risk/Policy Management in New York, New York to support the Firm 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. Provide independent validations to assess the adequacy and operating effectiveness of processes owned and operated by the first line of defense, including teams across Credit, Market, Liquidity, and Operational Risk. Independently validate the integrity of processes and controls that support Basel regulatory risk-based capital calculations, Comprehensive Capital Analysis & Review (CCAR) submissions, and Advanced Measure Approach (AMA) measurements for Operational Risk. Perform independent validations of select risk-owned processes, including those relating to regulatory and Basel requirements. Support execution of governance, risk assessment, process review and validation, and monitoring and reporting. Leverage testing observations to contribute to improving the team's validation methodology and execution capabilities. Interface with key stakeholders, governing bodies, and business partners to review status of validation work, results of test work, and quarterly reporting. Partner with Model Validation and Regulatory Reporting teams to support a unified validation program end-to-end. Telecommuting permitted up to 2 days per week.

Requirements

• Requires a Master’s degree in Financial Risk Management, or a related field of study.
• Requires two (2) years of experience in the position offered or two (2) years as a Financial Services Senior Associate, Associate, or a related role in the financial services field.
• Requires two (2) years of experience with the following skills: PowerBI; Python; SQL; Risk, control self-assessment (RCSA) process; Performing data linage traceability to originating source; testing and evaluating control design and effectiveness; Writing a process flow or translating procedure to a process flow; Identifying issues from data lineage traceability and controls process testing, evaluating the issue risk rating and remediation activities and timeline proposed by process owner; and Writing formal validation reports.

Responsibilities

• Provide independent validations to assess the adequacy and operating effectiveness of processes owned and operated by the first line of defense, including teams across Credit, Market, Liquidity, and Operational Risk.
• Independently validate the integrity of processes and controls that support Basel regulatory risk-based capital calculations, Comprehensive Capital Analysis & Review (CCAR) submissions, and Advanced Measure Approach (AMA) measurements for Operational Risk.
• Perform independent validations of select risk-owned processes, including those relating to regulatory and Basel requirements.
• Support execution of governance, risk assessment, process review and validation, and monitoring and reporting.
• Leverage testing observations to contribute to improving the team's validation methodology and execution capabilities.
• Interface with key stakeholders, governing bodies, and business partners to review status of validation work, results of test work, and quarterly reporting.
• Partner with Model Validation and Regulatory Reporting teams to support a unified validation program end-to-end.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level