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E*TRADE from Morgan Stanley · 2 months ago

Model Risk (Risk Management) : Job Level - Vice President

New York, New York, United States of America

Full-time

Onsite

Mid, Senior Level

$120K/yr - $205K/yr

10+ years exp

Morgan Stanley's Firm Risk Management Division is a rapidly growing area that partners with business units to achieve efficient risk-adjusted returns and protect the Firm from various risks. The Model Risk Vice President will conduct independent model reviews, prepare validation documentation, and communicate findings to senior management and stakeholders.

BankingFinanceFinancial Services

Responsibilities

Conduct independent model reviews and validations according to Model Risk Management policies, regulatory requirements, and industry best practices

Prepare clear validation documentation for each model

Communicate validation findings to senior management and stakeholders

Qualification

Model risk managementRisk analyticsStatistical techniquesQuantitative financePythonCECLIFRS9Stress loss modelingRegulatory requirementsWritten communicationVerbal communicationCritical thinkingProblem solvingTeam collaboration

Required

10+ years of relevant risk management experience, including model risk and risk analytics

Master's or Doctorate in a quantitative discipline (Economics, Statistics, Mathematics, Physics, Computer Science, or Engineering)

Knowledgeable in macroeconomics and markets. Familiar with wholesale and retail lending business

Working knowledge of statistical techniques, quantitative finance, and programming is required; understanding of various complex financial instruments is beneficial

Written and verbal communication skills, along with critical thinking, problem solving, and the ability to collaborate within a team, are necessary