Risk Management, Model Risk Management, Associate

Morgan Stanley; London; On-site; GBP 50,000 - 70,000; Full time

Job summary

Morgan Stanley is seeking a Risk Management, Model Risk Management, Associate in London. This role offers a chance to work on critical validation activities and governance with significant stakeholder engagement. Candidates with advanced degrees in quantitative fields and experience in model governance will thrive in this fast-paced environment.

Benefits

Flexible working opportunities

Comprehensive employee benefits

Professional development and training

Qualifications

• Master's or Ph.D. degree in relevant fields
• Experience from a financial institution or consulting firm in model validation or governance
• Understanding of core model risk management regulations

Responsibilities

• Assist the Global Head of Tool Oversight in validation work for tools
• Collaborate with Global MRM teams on policies and procedures
• Identify enhancements for model risk management framework

Skills

Communication

Detail-oriented

Organizational Skills

Education

Master's or Ph.D. in Finance, Economics, Computer Science, Mathematics, Engineering

Job description

Join to apply for the Risk Management, Model Risk Management, Associate role at Morgan Stanley

Join to apply for the Risk Management, Model Risk Management, Associate role at Morgan Stanley

Risk Management, Model Risk Management, Associate

London

JR014131

The role will reside within the Firm Risk Management's Model Risk Management Department. Model Risk is the risk of adverse consequences resulting from decisions based on incorrect or misused models & Tools (Tools are quantitative methods and calculations with outcomes that are generated by deterministic rules or algorithms). Model Risk Management is a second line function that is responsible for the independent review and challenge of models & Tools and ensures compliance with standards (e.g., SR 11-7, PRA SS 1/23)

Risk Management, Model Risk Management, Associate

London

JR014131

The role will reside within the Firm Risk Management's Model Risk Management Department. Model Risk is the risk of adverse consequences resulting from decisions based on incorrect or misused models & Tools (Tools are quantitative methods and calculations with outcomes that are generated by deterministic rules or algorithms). Model Risk Management is a second line function that is responsible for the independent review and challenge of models & Tools and ensures compliance with standards (e.g., SR 11-7, PRA SS 1/23)

This position offers the candidate a unique opportunity to engage in MRM related governance, reporting and validation activities for Tools, with close interactions across numerous stakeholders within Business and Control functions, reporting directly to the Global Head of Tool Oversight (located in London).

Firm Risk Management (FRM) supports 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.

About Morgan Stanley

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.

As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethic. We can provide a superior foundation for building a professional career – a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

What will you be doing?

• Assist the MRM Global Head of Tool Oversight in the review & challenge of inventory and risk rank consistency as well as the execution of validation work for Tools
• Collaborate with Global MRM teams & Model Control Officers to ensure consistent interpretation of relevant Policies & Procedures
• Pro-actively identify key model risk management framework enhancements related to Tools
• Partner with a wide range of stakeholders across the Firm on governance and framework initiatives related to Tools
• Support the preparation of materials for specific legal entities and committees.
  
  

What We’re Looking For

• Master's or Ph.D. degree in Finance, Economics, Computer Science, Mathematics, Engineering or other business or risk management related areas
• Experience from financial institution or consulting firm in model validation (or other analytical function) or model governance
• Experience with/understanding of core model risk management regulations (specifically FRB SR 11-7 and PRA SS1/23) and related governance requirements
• The ability to effectively communicate with a wide range of stakeholders, both written and verbally
  
  

Skills That Will Help You In The Role

• An interest in working in a fast-paced environment, often balancing multiple high priority deliverables
• Confidence and ability to take ideas forward and to challenge others, where appropriate
• Detail oriented with strong organizational skills
  
  

Where will you be working?

This role is based in 20 Bank Street, London.

What You Can Expect From Morgan Stanley

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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.

Certified Persons Regulatory Requirements

If t his 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? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.

Morgan Stanley is an equal opportunities employer. 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.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  General Business, Management, and Business Development

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