Model Risk (Risk Management) : Job Level - Associate
About The Position
Morgan Stanley's Model Risk Management (MRM) department resides within FRM. MRM's Regulatory Risk Team has several responsibilities that help to manage the regulatory risk faced by the function (e.g., management of regulatory exams, meetings, requests, and findings). The scope is global with a focus on the US where regulatory agencies include the FRB, OCC, SEC, and NFA. This position offers the candidate a unique opportunity to manage and influence MRM related regulatory activities with close interaction across numerous stakeholders within Business and Control functions.
Requirements
- Bachelor's degree required in Finance, Economics, Computer Science or other business or risk management related areas
- Excellent verbal and written communication skills and comfortable communicating with a wide range of stakeholders that have a technical mindset
- Strong attention to detail and ability to summarize information in easy digestible formats, as well as previous experience with Model Risk Management framework desired
- Ability to prioritize and manage multiple competing deliverables
- Pragmatic problem solver and forward thinker
- Advanced working knowledge of MS Office and related applications (Outlook, PowerPoint, Excel, Word, Teams)
- Knowledge of various regulatory guidance/requirements (SR 11-7, SS 1/23)
- Self-motivator and team player who brings a can-do approach
Responsibilities
- Manage process for regulatory exams/requests and supervisory meetings including preparation of regulatory reporting materials. This includes interacting with a large number of stakeholders across various functions and sometimes managing through multiple concurrent deliverables with sensitive timelines (48 hour turnaround time).
- Maintain and streamline reporting on regulatory trends, deliverables and statistics for MRM globally, including summarizing information and creating dashboards for senior management; report to a variety of committees, as needed.
- Manage process of review and challenge of issue remediation with MRM senior management. This includes handling large data sets and engaging with appropriate MRM stakeholders globally to prepare monthly materials.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Industry
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
Number of Employees
5,001-10,000 employees
