Model Risk Management
Executive Director - Risk & Capital Planning

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 defense 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 in the Risk and Capital Planning area including, but not limited to CCAR, RWA, Scenario Design, PPNR etc.

Primary Responsibilities
 

The primary responsibilities of the role include, but are not limited to the following:

• Provide independent review and validation compliant with MRM policies and procedures, regulatory guidance and industry leading practices, including evaluating conceptual soundness, quality of model methodology, model limitations, data quality, and on-going monitoring of model performance
• Take initiatives and responsibility of end-to-end delivery of a stream of Model / Tool Validation and related Risk Management deliverables
• Write Model / Tool Review findings in validation documents that could be used for presentations both internally (Model and Tool developers, business unit managers, Audit, various global Committees) as well as externally (Regulators)
• Verbally communicate results and debate issues, challenges and methodologies with internal audiences including senior management
• Follow financial markets & business trends on a frequent basis to enhance the quality of Model and Tool Validation and related Risk Management deliverables.

Qualifications Skills required (essential / preferred)

• Masters or Doctorate degree in a quantitative discipline such as Statistics, Mathematics, Physics or Engineering is essential
• Experience in validation or development of Models or in a technical role in Financial institutions
• Strong written & verbal communication skills including debating different viewpoints and making formal presentations of complex topics to a wider audience is preferred
• 15 years of relevant industry experience preferably in Banks or financial institutions
• Willingness to learn new and complex topics and adapt oneself (continuous learning) is preferred
• Working knowledge of statistical techniques, quantitative finance and programming is essential; good understanding of various complex financial instruments is preferred
• Desire to work in a dynamic, team-oriented, fast-paced environment focusing on challenging tasks mixing fundamental, quantitative, and market-oriented knowledge and skills is essential

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years.  Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. 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. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices​ into your browser.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background.  Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.