Model Risk

Firm Risk Management

Firm Risk Management (FRM) supports Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, model and other risks.

Model Risk Management Governance and Policy Assurance
Morgan Stanley's Model Risk Management (MRM) department resides within FRM. The MRM Governance and Policy Assurance Team sets model risk management standards for the Firm globally through policies, policy supplements, procedures, and documentation and review templates related to models, tools, and end user computing (EUCs). In addition, the team performs policy assurance to ensure standards are being applied consistently across model types and functional areas.

This position offers the candidate a unique opportunity to drive enhancements to the existing Model Risk Management framework globally and across business and functional areas across the firm, with close interactions with Model Control Officers, model developers and independent model validators.

Primary Responsibilities
> Identify and lead strategic Model Risk Management Framework enhancements, including Governance forums
> Determine and implement solutions to Model Risk Management Governance related issues that have been identified
> Influence Model Risk Management Framework as well as related assurance across models, tools and end user computing (EUCs)
> Partner with a wide range of stakeholders across the Firm on model risk governance and framework initiatives
> Liaise with functional and business leaders to roll out key model risk management framework enhancements
> Interface with global regulators and/or Internal Audit representing the Model Governance Framework
> Represent MRM Governance in various governance forums
> Coach and develop team members

Skills
> Ability to influence and execute the vision for MRM Governance globally
> Pragmatic problem solver and forward thinker
> Ability to prioritize and manage multiple competing objectives
> Excellent verbal and written communication skills
> Strong communicator with good interpersonal skills
> Ability to develop partnerships across functions and geographies
> Detail oriented with exceptional organizational skills
> Advance working knowledge of MS Word, PowerPoint, and Teams
> Self-motivator and team player who brings a can-do approach Experience

> Bachelor's or higher degree in Finance, Economics, Computer Science, Mathematics, Engineering or other business or risk management related areas
> 15+ years of experience from financial institution, consulting firm or in risk management, preferably in an analytical, compliance or regulatory function.
> Experience in designing and implementing a model risk management framework through policy and procedure writing
> Experience with core model risk management regulation requirements (e.g., FRB SR 11-07, SR 15-18, PRA SS1/23)
> (Preferred) Previous experience in model development and/or independent model validation/review
> (Preferred) Relevant certifications or designations (e.g., CFA or FRM)

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 85 years. At our foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry.

We're committed to bringing passion and customer focus to the business.

Expected base pay rates for the role will be between $165,000 and $275,000 year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).