Apply on Employer Site

Morgan Stanley · 2 hours ago

Model Risk (Risk Management) : Job Level - Associate

New York, NY

Full-time

Onsite

Entry Level

$100K/yr - $140K/yr

3+ years exp

Morgan Stanley is a leading global financial services firm, and they are seeking an Associate in Model Risk within their Firm Risk Management Division. The role involves performing independent reviews and validations of models, developing challenger model methodologies, and effectively communicating validation conclusions to senior management and stakeholders.

Asset ManagementFinanceFinancial ServicesLending

Responsibilities

Perform independent review and model validation for the firm's Pre-Provision Net Revenue (PPNR) models, compliant with Model Risk Management policies and procedures, regulatory guidance, and industry leading practices

Develop challenger model methodologies for the official production models

Write comprehensive validation documentation for models validated

Effectively communicate model validation conclusions to senior management and relevant stakeholders

Represent Model Risk Management team in interactions with regulatory agencies

Qualification

Model Risk ManagementStatistical TechniquesProgramming RProgramming PythonPPNR ModelsQuantitative FinanceFixed Income ProductsRegulatory RequirementsCommunication SkillsCritical ThinkingProblem SolvingTeam Collaboration

Required

3+ years' in relevant risk management experience including model risk management and risks analytics

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

Strong written and verbal communication, critical thinking, problem solving and team collaboration skills

Preferred

Masters or Doctorate degree in a quantitative discipline such as Statistics, Mathematics, Physics, Computer Science or Engineering

Prior experience with developing or validating models

Expertise in PPNR Models

Prior experience with fixed income products (for example, securitized products, rates and corporate credit)

Prior experience with the treasury investment portfolio

Familiarity with coding languages (R and Python)

Familiarity with regulatory requirements e.g., Comprehensive Capital Analysis and review (CCAR), Internal capital adequacy assessment processes (ICAAP) and regulators such as Fed, Office of the Comptroller of the Currency (OCC), Property Reserve Analysis (PRA), European Banking Authority (EBA)

Desire to work in a dynamic, team-oriented environment focusing on challenging tasks mixing fundamental, quantitative, and market-oriented knowledge and skills