Morgan Stanley · 2 months ago
Model Risk - Mortgages (Risk Management) : Job Level - Vice President
New York, NY
Full-time
Onsite
Mid, Senior Level
$120K/yr - $200K/yr
5+ years expMorgan Stanley is a leading global financial services firm that provides a wide range of investment banking and wealth management services. The Model Risk - Mortgages role involves leading a team to perform independent model reviews, communicate validation conclusions, and engage with stakeholders to manage model risks effectively.
Asset ManagementFinanceFinancial ServicesLending
Responsibilities
Lead a team of Reviewers and perform independent model reviews of the Resi Mortgage pricing models including Whole Loans and Securitized Products compliant with Model Risk Management policies and procedures, regulatory guidance and industry leading practices, including evaluating conceptual soundness, quality of modeling methodology, model limitations, data quality, and on-going monitoring
Communicate model validation conclusions to relevant stakeholders and work with relevant 1LOD and 2LOD functions to develop appropriate remedial actions
Write comprehensive and high-quality review reports and oversee and train validation team members preparing such reports
Proactively identify and escalate thematic and idiosyncratic risk themes related to the models under the coverage area. Engage with relevant stakeholders in identifying effective approaches to managing such risks
Support high-profile, time-sensitive deliverables with limited supervision
Establish and sustain productive relationships with model stakeholders in 1LOD, 2LOD and 3LOD
Represent the Model Risk Management team in interactions with the business, model developers, the Internal Audit department and with regulatory agencies
Qualification
Required
Five or more years in development or model validation of pricing models for Mortgage Resi products such as Resi Whole Loans, Agency, and non-agency products
Experience with Rates and Securitization pricing models
Expertise in Financial Mathematics such as Stochastic Calculus and Statistics
Proficiency in statistical software packages
Advanced degree in Finance, Mathematics, Physics, Engineering, Economics, or related quantitative fields
Experience engaging with regulators and internal audit
Strong written and verbal communication, including ability to influence and effect change
Critical thinking, problem solving, resourcefulness
Ability work in a dynamic, fast-paced, high-pressure environment
Experience with team leadership, people management, including remote teams
Benefits
Some of the most attractive and comprehensive employee benefits and perks in the industry
Company
Morgan Stanley
Morgan Stanley is a financial services company that offers securities, asset management, and credit services.
10001+ employees
H1B Sponsorship
Morgan Stanley has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (222)
2024 (195)
2023 (173)
2022 (153)
2021 (165)
2020 (173)
Funding
Current Stage
Public CompanyTotal Funding
unknown1997-02-05IPO
Leadership Team
James Gorman
Chairman and CEO
Ted Pick
Chief Executive Officer (CEO)
Recent News
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