Director - Market Risk, Model Risk (Firm Risk Management)

Morgan Stanley; Garden City Beach (SC); On-site; USD 90,000 - 150,000; Full time

Job summary

An established industry leader seeks a Director in Market Risk and Model Risk to enhance financial services excellence. This pivotal role involves independent review and validation of models, ensuring compliance with regulatory standards while communicating findings to senior management. The ideal candidate will possess a Master's or Doctorate in a quantitative discipline, coupled with extensive experience in model validation. Join a dynamic team that values continuous learning and offers an inclusive environment where your expertise can shine. This is a unique opportunity to contribute to a firm renowned for its commitment to excellence and innovation in financial services.

Qualifications

• 8+ years in Model/Tool Validation in a bank or financial institution.
• Strong programming skills in Python; knowledge of R, Scala, MATLAB preferred.

Responsibilities

• Provide independent review and validation compliant with MRM policies.
• Communicate results and debate methodologies with senior management.

Skills

Python Programming

Statistical Techniques

Quantitative Finance

Communication Skills

Machine Learning Techniques

Continuous Learning

Education

Masters or Doctorate in Quantitative Discipline

Tools

R

Scala

MATLAB

Job description

Director - Market Risk, Model Risk (Firm Risk Management)

Apply locations: COMMERZ III, OBEROI GARDEN CITY
Time type: Full time
Posted on: Posted 2 Days Ago
Job requisition id: PT-JR001030

Company Profile

Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions, and individuals around the world achieve their financial goals.

What you’ll do in the role:

1. Provide independent review and validation compliant with MRM policies and procedures, regulatory guidance and industry leading practices, including evaluating conceptual soundness, quality of tool methodology, tool limitations, data quality, and on-going monitoring of tool performance.
2. Take initiatives and responsibility of end-to-end delivery of a stream of Tool Validation and related Risk Management deliverables.
3. Write Tool Review findings in validation documents for presentations both internally and externally.
4. Verbally communicate results and debate issues, challenges and methodologies with internal audiences including senior management.
5. Represent MRM team in interactions with regulatory and audit agencies as required.
6. Follow financial markets & business trends to enhance the quality of Tool Validation and related Risk Management deliverables.

What you’ll bring to the role:

1. Masters or Doctorate degree in a quantitative discipline such as Statistics, Mathematics, Physics, Computer Science or Engineering.
2. Experience in a Quant role in validation of Models / Tools, in developments of Models / Tools or in a technical role in Financial institutions.
3. Strong written & verbal communication skills including debating different viewpoints and making formal presentations.
4. 8+ years of relevant work experience in a Model / Tool Validation role in a bank or financial institution.
5. Proficient programmer in Python; knowledge of other programming languages like R, Scala, MATLAB etc. is preferred.
6. Willingness to learn new and complex topics and adapt oneself (continuous learning).
7. Working knowledge of statistical techniques, quantitative finance and programming.
8. Knowledge of popular machine learning techniques is preferred.
9. Relevant professional certifications like CQF, CFA or progress made towards it are preferred.
10. Desire to work in a dynamic, team-oriented, fast-paced environment focusing on challenging tasks.

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 85 years. At our foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back.

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential.