Associate, Risk Process Validation (Risk Management)

About the position

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.

Responsibilities

• Perform independent validations of select FRM processes and controls, including those relating to regulatory and Basel requirements
• Support execution of reviews (e.g., planning, documenting, reporting) and continuous monitoring activities (e.g., risk assessments)
• Interface with stakeholders and business partners to perform walkthroughs, discuss testing questions and potential findings
• Track remedial actions and perform issue closure verification
• Partner with other independent validation teams, e.g., Model Risk Management, Regulatory Reporting Quality Assurance (RRQA), to support a unified validation program end-to-end

Requirements

• Bachelor's or higher degree in Finance, Economics, Computer Science, Mathematics, Engineering or other business or risk management related areas
• Experience from consulting, risk management, or internal audit covering processes and controls across risk stripes (e.g., Credit, Market, Liquidity, Capital and Data Risk)
• Understanding of banking regulatory environment, including familiarity with Bank of International Settlements (BIS) principles (e.g., Basel III, BCBS 239, FRTB), Capital Planning requirements and practices (e.g., CCAR, DFAST) and banking regulations (e.g., FRB SR 11-07, SR 12-17, SR 14-08, SR 15-18, PRA SS1/23)
• Experience with core banking, investment and trading products
• Experience in risk assessment and process and control validation/testing

Nice-to-haves

• Understanding of data lineage and database schema; experience working with large data sets; knowledge and experience with data analytics and data visualization tools and systems (e.g., PowerBI, Alteryx, Dataiku, QlikView, Tableau); experience with writing or editing SQL, Python and/or other programming languages; advanced Excel knowledge
• Knowledge of and experience in robotic process automation (RPA)
• Relevant certifications or designations (e.g., CFA or FRM)

Benefits

• Base pay rates between $85,000 and $140,000 per year
• Commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages
• Comprehensive employee benefits and perks