Model Risk (Risk Management) : Job Level - Vice President

Morgan Stanley • New York, NY

2d • $120,000 - $205,000

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

• 10+ years of relevant risk management experience, including model risk and risk analytics.
• Master's or Doctorate in a quantitative discipline (Economics, Statistics, Mathematics, Physics, Computer Science, or Engineering)
• Knowledgeable in macroeconomics and markets. Familiar with wholesale and retail lending business.
• Working knowledge of statistical techniques, quantitative finance, and programming is required; understanding of various complex financial instruments is beneficial.
• Written and verbal communication skills, along with critical thinking, problem solving, and the ability to collaborate within a team, are necessary.

Nice To Haves

• Previous experience on reserve models including CECL and IFRS9 preferred.
• Familiarity with coding languages, particularly Python, is preferred.
• Previous experience on stress loss modeling, PD, LGD, EAD modeling is helpful.
• Knowledge of regulatory requirements (e.g., CCAR, ICAAP) and familiarity with regulators such as Fed, OCC, PRA, and EBA is preferred.
• Interest in a fast-paced, collaborative setting with challenging tasks that blend fundamental, quantitative, and market skills is desirable.

Responsibilities

• Conduct independent model reviews and validations according to Model Risk Management policies, regulatory requirements, and industry best practices
• Prepare clear validation documentation for each model
• Communicate validation findings to senior management and stakeholders

What This Job Offers

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