Model Risk Management Framework (Risk Management) : Job Level - Associate

Morgan Stanley • New York, NY

23h • $100,000 - $140,000

About The Position

Model Risk Management Framework - Associate Firm Risk Management Firm Risk Management (FRM) supports 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, model and other risks. Model Risk Management Governance Morgan Stanley’s Model Risk Management (MRM) department resides within FRM. The MRM Governance Team sets model risk management standards for the Firm globally through policies, policy supplements, procedures, and templates related to models and Tools. This position offers the candidate a unique opportunity to drive enhancements to the existing Model Risk Management framework across the model lifecycle globally across the firm, with close interactions with Model Control Officers, model developers and model validators.

Requirements

• Bachelor’s or higher degree from a four-year accredited university
• At least 3 years of post-graduate work or military experience
• Strong communicator (verbal and written communication) with good interpersonal skills
• Advance working knowledge of MS Word, PowerPoint, and Teams
• Ability to prioritize and manage multiple competing objectives with tight deadlines
• Ability to develop partnerships across functions and geographies
• Detail oriented with exceptional organizational skills
• Self-motivated and team player who brings a "can-do" approach

Nice To Haves

• Experience in writing policy and procedure as well as training (Preferred)
• Experience with core model risk management regulation requirements (i.e., FRB SR 11-07, SR 15-18, PRA SS1/23) (Preferred)
• Relevant certifications or designations (e.g., CFA or FRM)

Responsibilities

• Maintain and update Model Risk Management Framework through policy, policy supplements, procedures and templates enhancements for models and Tools
• Design and maintain various Model Risk Management trainings for a wide range of stakeholders across the Firm
• Liaise with functional and business leaders to roll out model risk management framework enhancements
• Support Model Risk Governance Committee and other forums

What This Job Offers

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