Morgan Stanley · 2 months ago
Business Analyst-Model Risk
Baltimore, MD
Full-time
Onsite
Mid Level
$90K/yr - $155K/yr
4+ years expMorgan Stanley is a global financial services firm and a market leader in investment banking and wealth management. They are seeking a Business Analyst to support model documentation, monitoring, and governance within the Legal and Compliance Division, focusing on optimizing models related to financial crime compliance.
Asset ManagementFinanceFinancial ServicesLending
Responsibilities
Draft comprehensive documentation on the design of models within LCD
Establish ongoing monitoring controls, collaborating with quantitative analysts and subject matter experts to develop or enhance models
Assist in the tuning and optimization of various Financial Crime Compliance (FCC) models, including those used for Trade Surveillances, Transaction Monitoring, and Sanctions screening, potentially involving machine learning or artificial intelligence
Support model developers and vendors in performing thorough testing of the models, as well as designing challenger models or compensating controls to ensure optimal model performance
Maintain existing LCD models by executing or overseeing qualitative analyses related to ongoing monitoring, periodic assessments, above-the-line testing, below-the-line testing, and tuning
Conduct internal and external research on new trends in modeling approaches, perform gap analysis with existing model controls, provide proposals, and assist stakeholders in implementing proposed solutions
Perform root-cause analyses associated with potential anomalies detected in model performance
Document or oversee the documentation of analyses, recommendations, and rationales for each activity related to the models
Manage and maintain the model risk governance framework for FCC models, ensuring adherence to internal Model Risk Management (MRM) policies and regulatory standards (e.g., OCC 2011-12, SR 11-7, PRA SS1/23)
Assist in the preparation of periodic and ad hoc metrics reports for senior management, including through the evaluation and enhancement of existing metrics and supporting processes
Track and report model changes and results of model tuning and optimization activities to LCD advisory heads, the Model Risk Management, and the Internal Audit groups
Liaising with the MRM Group, the Internal Audit Department, Regulatory Bodies, and other stakeholders as needed during reviews, validations, and exams to fulfill
Qualification
Required
Bachelor's degree with strong academic credentials with a degree in business, economics, finance, management information systems, management, risk management, or related fields from a top tier university
At least 4 years' relevant experience would generally be expected to find the skills required for this role, preferably in Financial Crime Compliance, Model Risk Management, Risk Control, or related domains within Financial Services
Good understanding of AML, Sanctions, and/or Trade Surveillance models
Excellent communication and presentation skills, with ability to convey complex technical concepts to non-technical stakeholders
Strong analytical thinking and critical reasoning skills, with the ability to be self-motivated and work independently
Preferred
An understanding of Fed SR 11-7/ OCC Bulletin 2011-12 on Model Risk Management or related domains in Financial Services
Curious and eager to stay informed of regulatory developments impacting model risk and financial crime compliance (e.g., AML, Sanctions, Market Abuse etc.)
An understanding of models, financial markets, and banking
Proficiency in data analysis tools (e.g., SQL, Python, Excel) and visualization (e.g., Power BI, Tableau) is a plus
Experience in defining and owning product roadmaps and their delivery
Benefits
Commission earnings
Incentive compensation
Discretionary bonuses
Other short and long-term incentive packages
Other Morgan Stanley sponsored benefit programs
Company
Morgan Stanley
Morgan Stanley is a financial services company that offers securities, asset management, and credit services.
10001+ employees
H1B Sponsorship
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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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