Model Risk Management Governance Oversight and Assurance (Risk Management) 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, Governance, Quality Assurance, Model Validation, Analytical Skills, Communication Skills, Problem Solving, Interpersonal Skills, Organizational Skills, Training, Regulatory Compliance, Stakeholder Engagement, Framework Enhancement, Financial Institution Experience, Risk Management, Model Development

Industry

Financial Services

Description

Assess the implementation of the existing model risk management framework, identify inconsistencies and agree on actions to resolve inconsistencies with relevant stakeholders for the 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 the 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 the coverage area. Review and challenge first line procedures (Models, Tools and End User Computing (EUCs)) and monthly model oversight committee materials for the coverage area. Interface with global regulators and Internal Audit and represent MRM Governance in first line governance forums for the coverage area. Roll out training on policy assurance expectations and raise self-identified issues in OpenPages when necessary 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 development and/or independent model validation, analytics, compliance or regulatory/internal audit function Experience in quality assurance, model risk controls, challenging the implementation of 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) Relevant certifications or designations (e.g., CFA or FRM) Ability to influence and challenge the implementation of the MRM Governance Framework Pragmatic problem solver and forward thinker with strong analytical background and ability to assess model documentation against the MRM standards Ability to prioritize and manage multiple competing objectives with tight deadlines Strong communicator (verbal and written communication) with good interpersonal skills 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

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.