Model Risk - Governance - (Risk Management) : Job Level - Vice President at Morgan Stanley

New York, New York, United States -

Full Time

Start Date

Immediate

Expiry Date

29 Jan, 26

Salary

205000.0

Posted On

31 Oct, 25

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Model Risk Management, Governance, Regulatory Compliance, Analytical Skills, Communication Skills, Interpersonal Skills, Problem Solving, Team Collaboration, Model Development, Model Validation, Financial Analysis, Risk Management, Project Management, Stakeholder Engagement, Microsoft Office, CFA, FRM

Industry

Financial Services

Description

- Assess the implementation of the existing model risk management framework, identify inconsistencies and agree actions to resolve inconsistencies with relevant stakeholders for coverage area. - Determine and influence enhancements to the framework and drive roll out of framework enhancements in conjunction with first line leaders and senior model validators in coverage area. - Central point of contact for model risk governance matters for first line model control officers and model developers as well as second line model validators for coverage area. - Review and challenge first line procedures (Models, Tools and End User Computing (EUCs)) and monthly model oversight committee materials for coverage area. - Interface with global regulators and Internal Audit and represent MRM Governance in first line governance forums for coverage area. - Bachelor's or higher degree in Finance, Economics, Computer Science, Mathematics, Engineering or other business or risk management related areas - 10+ years of experience from financial institution, consulting firm or in risk management, preferably in an analytical, compliance or regulatory function. - Experience in implementing a model risk management framework - 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 governance, model development and/or independent model validation/review - (Preferred) Relevant certifications or designations (e.g., CFA or FRM) - 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 - Strong communicator (verbal and written communication) with good interpersonal skills - Ability to develop partnerships across functions and geographies - Advance working knowledge of MS Word, PowerPoint, and Teams - Self-motivated and team player who brings a can-do approach 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 $120,000 and $205,000 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

Assess the implementation of the existing model risk management framework and identify inconsistencies. Serve as the central point of contact for model risk governance matters and interface with global regulators and Internal Audit.