Morgan Stanley · 1 week ago
Model Risk (Risk Management) : Job Level - Executive Director
New York, NY
Full-time
Onsite
Senior Level, Lead/Staff
$165K/yr - $275K/yr
10+ years expMorgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The role involves leading a team of quantitative experts to assess model risks related to valuation, risk, and stress testing models, ensuring compliance with model risk management policies and regulatory guidance.
Asset ManagementFinanceFinancial ServicesLending
Responsibilities
Lead a team of quantitative experts to assess risks and conduct reviews of exotic equity derivatives valuation models. Ensure the timely delivery of thorough review work in accordance with model risk management policies and procedures, as well as regulatory guidance
Identify, measure, communicate and decide on significant model risk issues in the coverage area. This includes model usage in the firm's books & records, risk management, downstream capital model inputs, P&L attribution, and stress loss calculations
Partner with model owners and developers to better understand and address model limitations
Review and identify any model usage gaps on new products, new business initiatives and new material exposures
Drive changes through clear and collaborative decision making to enhance model risk governance
Provide accurate information on both the existing model inventory and any changes to it
Qualification
Required
Masters or Ph.D. degree (or equivalent) in Finance, Economics, Mathematics, Physics, Engineering, or a related quantitative field
At least 10 years of strong experience in derivatives pricing models, gained in a quantitative model development or validation role at a financial institution (and preferably, in an equity derivatives business)
Experience in advancing ideas and challenging complex mathematical models, where appropriate
Strong stakeholder management skills and team management experience
Experience managing quant teams and stakeholders in a global setting is a plus
The ability to effectively and clearly communicate with a wide range of stakeholders, both in writing and verbally
An interest in working in a fast-paced environment, often balancing multiple high-priority deliverables
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
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
Wei Christianson
Co-CEO Asia Pacific
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