Model Risk - Equities Pricing Model Validation: Executive Director at Morgan Stanley

New York, New York, United States -

Full Time

Start Date

Immediate

Expiry Date

18 Feb, 26

Salary

275000.0

Posted On

20 Nov, 25

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Model Validation, Quantitative Analysis, Derivatives Pricing, Risk Management, Stakeholder Management, Team Management, Communication, Mathematical Modeling, Collaboration, Decision Making, Regulatory Compliance, Equity Derivatives, Model Governance, Problem Solving, Fast-Paced Environment, Influence

Industry

Financial Services

Description

Lead a team of quantitative model reviewers to conduct initial and periodic reviews of exotic equity derivatives valuation models. Ensure the timely delivery of thorough review work in accordance with regulatory requirements and model risk management policies and procedures. 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 together with risk managers through clear and collaborative decision making to enhance model risk governance. Provide accurate information in compliance with regulatory requirements on both the existing model inventory and any changes to it. Masters or Ph.D. degree (or equivalent) in Finance, Economics, Mathematics, Physics, Engineering, or a related quantitative field. The ideal candidate should have at least 10 years of strong experience in derivatives pricing models, gained in a quantitative 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. The ideal candidate should be able to manage through influence, facilitating and gaining consensus. 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 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. 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. 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. Expected base pay rates for the role will be between $165,000 and $275,000 year at the commencement of employment. 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.

Responsibilities

Lead a team of quantitative model reviewers to conduct reviews of exotic equity derivatives valuation models. Ensure timely delivery of review work in accordance with regulatory requirements and model risk management policies.