Morgan Stanley's Firm Risk Management (FRM) Division is an exciting and rapidly growing space. We support Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, operational, model and other risks.

• Responsibilities -

• Conduct independent model reviews and validations according to Model Risk Management policies, regulatory requirements, and industry best practices

• Prepare clear validation documentation for each model

• Communicate validation findings to senior management and stakeholders Qualifications -

• 10 years of relevant risk management experience, including model risk and risk analytics.

• strong leadership abilities

• Previous experience on reserve models including CECL and IFRS9 preferred.

• Master's or Doctorate in a quantitative discipline (Economics, Statistics, Mathematics, Physics, Computer Science, or Engineering)

• Knowledgeable in macroeconomics and markets. Familiar with wholesale and retail lending business.

• Working knowledge of statistical techniques, quantitative finance, and programming is required; understanding of various complex financial instruments is beneficial.

• Written and verbal communication skills, along with critical thinking, problem solving, and the ability to collaborate within a team, are necessary.

• Familiarity with coding languages, particularly Python, is preferred.

• Previous experience on stress loss modeling, PD, LGD, EAD modeling is helpful.

• Knowledge of regulatory requirements (e.g., CCAR, ICAAP) and familiarity with regulators such as Fed, OCC, PRA, and EBA is preferred.

• Interest in a fast-paced, collaborative setting with challenging tasks that blend fundamental, quantitative, and market skills is desirable.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years.  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. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. 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. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. 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.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).