Model Risk Management Framework : Job Level - Vice President at Morgan Stanley

New York, New York, United States -

Full Time

Start Date

Immediate

Expiry Date

12 Feb, 26

Salary

205000.0

Posted On

14 Nov, 25

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Model Risk Management, Policy Writing, Stakeholder Engagement, Model Governance, Regulatory Compliance, Team Management, Analytical Skills, Communication Skills, Problem Solving, Organizational Skills, MS Word, PowerPoint, MS Teams, Finance, Economics, Mathematics

Industry

Financial Services

Description

Maintain and update Model Risk Management Framework through policy, policy supplements, procedures and templates enhancements for models and Tools Partner with a wide range of stakeholders across the Firm on model risk governance and framework initiatives including training Liaise with functional and business leaders to roll out model risk management framework enhancements Work on requirements for the model inventory or system enhancements to align with the framework enhancements Manage Model Risk Governance Committee and other forums Interface with global regulators and Internal Audit Manage, coach and develop team members 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 model governance, model development and/or independent model validation, analytics, compliance or regulatory/internal audit function. Experience in designing and implementing a model risk management framework through policy and procedure writing Experience with core model risk management regulation requirements (i.e., FRB SR 11-07, SR 15-18, PRA SS1/23) (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 with tight deadlines Strong communicator (verbal and written communication) with good interpersonal skills and the ability to influence various stakeholders on topics Ability to develop partnerships across functions and geographies Detail oriented with exceptional organizational skills 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

Maintain and update the Model Risk Management Framework through policy and procedure enhancements. Partner with stakeholders across the Firm on model risk governance initiatives and manage the Model Risk Governance Committee.