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

London, England, United Kingdom -

Full Time

Start Date

Immediate

Expiry Date

17 Mar, 26

Salary

0.0

Posted On

17 Dec, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Model Validation, Risk Management, Mathematical Finance, Statistics, Quantitative Modelling, IRB Models, Python, R, Communication, Team Management, Regulatory Compliance, Stress Testing, Financial Analysis, Data Analysis, Model Risk Assessment, Compensating Controls

Industry

Financial Services

Description

> Conduct model validation for Internal-Risk-Based (IRB) models, predominantly wholesale IRB, by challenging model assumptions, mathematical formulation, and implementation > Conduct independent testing to assess model accuracy and robustness under different scenarios and market conditions > Assess and quantify model risks due to model limitations and develop compensating controls > Develop high-quality validation reports highlighting risks and limitations of models and communicate findings to stakeholders, senior management. > Collaborate with Global MRM teams, Developers, Model Control Officers, Credit and Capital Teams and Risk Managers to manage model risk across the model lifecycle > Cultivate and manage effective relationships with regulators by providing accurate and timely submissions > Manage a team of reviewers and/or IRB-specific projects FRM is committed to creating and providing opportunities that enable our workforce to reflect diverse backgrounds and views. > Master's or Ph.D. degree (or equivalent) in Finance, Economics, Mathematics, Physics, Engineering, or a related quantitative field > In-depth knowledge of mathematical finance or Statistics and numerical techniques > Minimum of 5 years of relevant model risk management and/or quantitative modelling experience > Experience with IRB models wholesale, retail and securitization gained at a financial institution (preferred) > Understanding and ideally working knowledge on Internal-Based Rating (IRB) models such as PD, LGD, EAD, Stress testing, IFRS9 > Experience of developing risk models using Python and R > Ability to communicate effectively with a wide range of stakeholders, both written and verbally > The ability to effectively communicate with a wide range of stakeholders, both written 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. If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks. Flexible work statement Interested in flexible working opportunities? Speak to our recruitment team to find out more. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.

Responsibilities

Conduct model validation for Internal-Risk-Based (IRB) models and assess model accuracy and robustness. Develop high-quality validation reports and collaborate with various teams to manage model risk across the model lifecycle.