Morgan Stanley ยท 3 months ago
Model Risk (Risk Management) : Job Level - Vice President
New York, New York, United States of America
Full-time
Onsite
Mid, Senior Level
6+ years expMorgan Stanley is a leading global financial services firm that aims to achieve its business goals by effectively managing risks. The Vice President in Model Risk Management will lead a team to conduct independent reviews of model risks, ensuring compliance with policies and regulatory standards while collaborating with various stakeholders to enhance risk management strategies.
Asset ManagementFinanceFinancial ServicesLending
Responsibilities
Lead a team of Reviewers and perform independent model reviews 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 for Firm's Resi Mortgage pricing models including Whole Loans and Securitized Products
Understand the use and effectiveness of models within the context of relevant Firm businesses and processes
Communicate model validation conclusions to relevant stakeholders and work with relevant 1LOD and 2LOD functions to develop appropriate remedial actions to effectively resolve identified model issues. Track progress against model issue remediation actions and take appropriate review actions to resolve
Write comprehensive and high-quality review reports for validated models and train and oversee 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 as required
Qualification
Required
6 or more years in validating pricing models and related stress testing models
Expertise/specialization in modeling or model validation in one of the following areas are differentiators: Mortgage Resi products, including Resi Whole Loans, Agency, and non-agency products, Fixed income products (e.g., securitized products, rates, and corporate credit)
Proficiency in statistical software packages
Familiarity with regulatory requirements e.g., Comprehensive Capital Analysis and review (CCAR), Internal capital adequacy assessment processes (ICAAP) and regulators such as Fed and the Office of the Comptroller of the Currency (OCC) is desired
Experience engaging with regulators and internal audit
Advanced degree in Finance, Mathematics, Physics, Engineering, Economics, or related technical fields
Risk-oriented mindset including effective risk prioritization, critical and analytical questioning, and ability and willingness to speak up
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
Overseeing multiple high priority deliverables
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
2026-01-09
Benzinga.com
2026-01-09
2026-01-09
Company data provided by crunchbase