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E*TRADE from Morgan Stanley · 1 day ago

Wealth Management Risk - Associate/AVP

Purchase, New York, United States of America

Full-time

Onsite

Mid Level

$58K/yr - $115K/yr

2+ years exp

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Wealth Management Risk group is responsible for overseeing the risk and control framework within the Wealth Management business unit, focusing on model inventory governance and risk assessment of Generative AI use cases.

BankingFinanceFinancial Services

Responsibilities

Assist in documentation and certification of vendor models. Work with vendors and business to understand the model’s methodology. Design and execute testing plans in collaboration with vendors, business partners, and the Model Risk Management team

Analyze test results, identify potential issues and communicate findings to stakeholders

Develop ongoing monitoring plan perform ongoing monitoring for certified models

Support testing, evaluation and documentation of vendor service GenAI use cases

Address questions and remediate issues identified during model certification and GenAI use case review

Conduct risk assessment on GenAI use cases to ensure compliance with firm policies and regulatory expectations

Provide guidance to business on GenAI testing framework and monitoring process

Develop and maintain documentation and reporting for GenAI use case lifecycle management, including validation, monitoring, and issue escalation

Qualification

Statistical modelingQuantitative analysisGenAI technologiesRisk managementMS ExcelTechnical writingProject managementPythonRVerbal communicationAttention to detailProblem-solving