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Company Profile
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.
As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Department Profile
The cornerstone of Morgan Stanley’s risk management philosophy is the execution of risk-adjusted returns through prudent risk-taking that protects Morgan Stanley’s capital base and franchise. Risk Management protects the firm from exposure to losses resulting from market volatilities and defaults by our lending and trading counterparties.
Background on the Position
Morgan Stanley’s Model Risk Management (MRM) department resides within Morgan Stanley’s Firm Risk Management Division. Morgan Stanley’s global MRM team, spread across New York, London, Mumbai and Budapest is broadly responsible for the risk management of all of the Firm’s models involving model validation, risk assessment, and governance and act as an effective second line of defence within the Firm.
Morgan Stanley is seeking a strong candidate to be a member of the MRM team in Mumbai, focused on the review, validation and risk assessment of models and tools including, but not limited to models / tool on Risk, Capital Planning, Asset Management, AI based Decision Support.
Primary Responsibilities:
• Perform independent validations of select FRM processes and controls, including those relating to regulatory and Basel requirements.
• Support execution of reviews (e.g., planning, documenting, reporting) and continuous monitoring activities (e.g., risk assessments);
• Contribute to improving the team's validation methodology and execution capabilities.
• Interface with key stakeholders, governing bodies, and business partners to review status of validation work, results of test work, and quarterly reporting.
• Partner with other independent validation teams, e.g., Model Risk Management, Regulatory Reporting Quality Assurance (RRQA), to support a unified validation program end-to-end.
Experience
• Bachelor's or higher degree in Finance, Economics, Computer Science, Mathematics, Engineering or other business or risk management related areas
• Experience from consulting, risk management, or internal audit covering processes and controls across risk stripes (e.g., Credit, Market, Liquidity, Capital and Data Risk)
• Experience with core banking, investment and trading products, and banking regulations (e.g., FRB SR 11-07, SR 12-17, SR 14-08, SR 15-18, PRA SS1/23);
• Experience in risk assessment and process and control validation/testing
• A commitment to teamwork
• Ability to prioritize and manage multiple competing objectives.
Skills
• Strong understanding of banking regulatory environment, including familiarity with Bank of International Settlements (BIS) principles (e.g., Basel III, BCBS 239, FRTB) and FRB Capital Planning requirements and practices (e.g., CCAR, DFAST);
• Knowledge and experience with data analytics and data visualization tools and systems (e.g., PowerBI, Alteryx, Dataiku, QlikView, Tableau); experience with writing or editing SQL, Python and/or other programming languages; advanced Excel knowledge
• Understanding of data lineage and database schema; experience working with large data sets, data warehouse, or data lake; knowledge of IT general controls; business analyst experience
• Strong communication and analytical skills
• Robotic process automation (RPA) skills (preferred);
• Relevant certifications or designations (e.g., CFA or FRM) (preferred).
FRM is committed to creating and providing opportunities that enable our workforce to reflect diverse backgrounds and views.
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing and advancing individuals based on their skills and talents.
For over 88 years, Morgan Stanley has combined old school wisdom with a passion for what's possible. Doing so enables us to provide clients with... Read more