Model Risk (Risk Management) : Job Level - Associate

Morgan Stanley • New York, NY

8d • $100,000 - $140,000

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.

Requirements

• 3+ years' in relevant risk management experience including model risk management and risks analytics preferred
• Masters or Doctorate degree in a quantitative discipline such as Statistics, Mathematics, Physics, Computer Science or Engineering is preferred
• Working knowledge of statistical techniques, quantitative finance and programming is essential; good understanding wholesale lending and retail lending business is preferred
• Strong written and verbal communication, critical thinking, problem solving and team collaboration skills
• Familiarity with coding languages (Python preferred)
• Desire to work in a dynamic, team-oriented environment focusing on challenging tasks mixing fundamental, quantitative, and market-oriented knowledge and skills preferred

Nice To Haves

• Prior experience with developing or validating models is a plus

Responsibilities

• Perform independent review and model validation for the firm's stress testing models for CCAR and BAU stress testing, CECL/IFRS9 models for reserve
• Provide effective challenge to the model conceptual soundness, perform independent tests, write comprehensive validation documentation for models validated
• Develop challenger model methodologies for the official production models
• Effectively communicate model validation conclusions to management

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 5,001-10,000 employees