Vice President, Risk/Policy Management
About The Position
Maintain the Risk Process Validation Group Validation Inventory; design the validation program, annual plan and reassess the risk-based prioritization approach. Plan, document, and report the validations and continuous monitoring activities (e.g., risk assessments). Provide review and challenge to all phases of the individual validations; own issue assessment and socialization, finalize validation memo, review and sign off the validation documentation. Present validation plans, issues and observations to senior management and relevant management committees. Evolve and enhance the team's validation methodology and execution capabilities. Engage with key stakeholders, governing bodies, and business partners to review status of validation work, results of test work, and quarterly reporting. Partner with other independent validation teams within Model Risk Management as well as with Regulatory Reporting Quality Assurance (RRQA) to support a unified end-to-end validation program. Drive the process automation and advanced data analytics initiatives to enhance validation efficiency. Telecommuting permitted up to 2 day per week. -Requires a Bachelor's in Economics, Finance, or a related field -Requires five (5) years of experience in the position offered or five (5) years as a/an Associate, Analyst, Internal Auditor, Risk Manager, Control Officer, or a related occupation in risk management internal or external audit process and data validation; data visualization and data analytics; the banking regulatory environment, including with Bank of International Settlements (BIS) principles in Basel III, BCBS 239, FRTB; capital planning requirements and practices from FRB including CCAR, DFAST, OCC, ECB, PRA; core banking, investment and trading products; banking regulations: FRB SR 11-07, SR 12-17, SR 14-08, SR 15-18, PRA SS1/23, EBA CRD/CRR, ECB Guide to ICAAP; data lineage and database schema; working with large data sets, data warehouse, and data lake; IT general controls and business analysis. We do it in a way that's differentiated - and we've done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work. To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser. Expected base pay rates for the role will be between $175,000 and $205,000 per year at the commencement of employment. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees. It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Requirements
- Requires a Bachelor's in Economics, Finance, or a related field
- Requires five (5) years of experience in the position offered or five (5) years as a/an Associate, Analyst, Internal Auditor, Risk Manager, Control Officer, or a related occupation in risk management internal or external audit process and data validation
- data visualization and data analytics
- the banking regulatory environment, including with Bank of International Settlements (BIS) principles in Basel III, BCBS 239, FRTB
- capital planning requirements and practices from FRB including CCAR, DFAST, OCC, ECB, PRA
- core banking, investment and trading products
- banking regulations: FRB SR 11-07, SR 12-17, SR 14-08, SR 15-18, PRA SS1/23, EBA CRD/CRR, ECB Guide to ICAAP
- data lineage and database schema
- working with large data sets, data warehouse, and data lake
- IT general controls and business analysis
Responsibilities
- Maintain the Risk Process Validation Group Validation Inventory
- Design the validation program, annual plan and reassess the risk-based prioritization approach
- Plan, document, and report the validations and continuous monitoring activities (e.g., risk assessments)
- Provide review and challenge to all phases of the individual validations
- Own issue assessment and socialization
- Finalize validation memo, review and sign off the validation documentation
- Present validation plans, issues and observations to senior management and relevant management committees
- Evolve and enhance the team's validation methodology and execution capabilities
- Engage with key stakeholders, governing bodies, and business partners to review status of validation work, results of test work, and quarterly reporting
- Partner with other independent validation teams within Model Risk Management as well as with Regulatory Reporting Quality Assurance (RRQA) to support a unified end-to-end validation program
- Drive the process automation and advanced data analytics initiatives to enhance validation efficiency
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What This Job Offers
Job Type
Full-time
Career Level
Executive
