Investment Management & Wealth Management Model Validation, Executive Director

474 MS Services Group, Inc.; New York (NY); Sur place; USD 165 000 - 275 000; Plein temps

Résumé du poste

Morgan Stanley is seeking an Executive Director for Model Risk Management within the Wealth and Investment Management validation function. The role leads a global team responsible for independent reviews of portfolios, risk models, and analytics across Wealth and Investment platforms.

You will challenge model design, data quality, and governance while coordinating with model owners, technology, and controls to ensure robust risk management and credible validation conclusions.

Qualifications

• 8–10 years of experience in asset management or related quantitative roles.
• Second-line model validation experience preferred.
• Strong communication and stakeholder engagement skills.

Responsabilités

• Lead a small global team conducting independent reviews of Wealth and Investment Management models.
• Provide credible challenge on model design, testing, limitations, and governance.
• Engage with model owners, developers, product, and control functions.
• Oversee vendor methodologies and outputs, including risk models and scenario analytics.
• Synthesize model risk observations across the validation portfolio and drive remediation.

Connaissances

Team leadership

Communication

Quantitative analysis

Formation

Masters/PhD in a quantitative field

Outils

Python

R

SQL

MATLAB

Description du poste

Executive Director Background of the Position

Model Risk Management - Investment Management & Wealth Management Model Validation, Executive Director Background of the Position This role will reside within Firm Risk Management's Model Risk Management team and will focus on independent validation and oversight of models and tools used across the overlap of Wealth Management and Investment Management. The primary coverage areas include portfolio and fund construction models, portfolio risk management models, investment advisory and wealth platform tools, goal-based planning models, retirement and asset allocation models, capital market assumption frameworks, risk analytics, and related vendor or third-party platforms. The role requires a strong risk management mindset, practical understanding of market environment dynamics and asset management business risks, and the ability to provide credible challenge on model methodology, implementation, limitations, data quality, ongoing monitoring, and governance. The candidate will lead a small team across regions, guiding execution quality, prioritization, technical challenge, peer review, stakeholder engagement, and development of committee and management materials. The successful candidate should be able to engage effectively with model owners, investment teams, technology, product, controls, vendors, internal audit, and senior management, while coaching team members to translate complex quantitative issues into clear, business-relevant conclusions.

Primary Responsibilities

• Lead a small global team executing independent reviews of Wealth Management and Investment Management models and tools, with accountability for execution quality, prioritization, peer review, stakeholder engagement, and clear validation conclusions.
• Provide credible challenge on model design and business use across portfolio and fund construction, portfolio risk management, optimization, Monte Carlo simulation, factor-based analytics, asset allocation, retirement planning, and client outcome metrics.
• Engage with model owners, developers, product teams, investment teams, technology partners, control functions, and third-party vendors to understand model design, testing evidence, limitations, risk mitigants, performance information, and platform controls.
• Oversee review and challenge of vendor-provided methodologies and outputs, including factor risk models, optimization engines, scenario analytics, portfolio risk decomposition, stress testing, performance attribution tools, and related platform capabilities.
• Guide identification, communication, and resolution of model risk issues, ensuring validation reports clearly articulate key risks, conclusions, remediation expectations, compensating controls, and business implications.
• Synthesize thematic and idiosyncratic model risk observations across the validation portfolio, including recurring risks related to model limitations, data quality, monitoring, vendor dependencies, platform integration, scenario design, and business-use alignment.
• Support new products, new business initiatives, model changes, platform enhancements, expanded model use cases, and emerging model types, including AI/ML models, GenAI-enabled tools, and agentic workflows.

Experience Required

Approximately 8-10 years of relevant experience building, using, or validating models in asset management, investment management, wealth management, advisory platforms, portfolio analytics, or related quantitative roles; prior second-line model validation experience is preferred. Strong experience with portfolio and fund construction, portfolio risk management, asset allocation, capital market assumptions, goal-based or retirement planning, investment risk analytics, and advisory tools. Experience with portfolio optimization and Monte Carlo simulation frameworks, including applications to constrained optimization, tracking error, risk budgeting, wealth projections, scenario analysis, downside risk, and probability-of-success metrics. Experience with factor models, asset class assumptions, covariance estimation, expected return assumptions, benchmark construction, portfolio constraints, model performance monitoring, and key asset management business risks. Experience engaging with vendors or third-party model providers, including obtaining methodology documentation, challenging proprietary approaches, assessing limitations, evaluating model performance and controls, and working with platforms such as BlackRock Aladdin, MSCI Barra, or similar tools.

Skills Required

Master's or Doctorate degree, or equivalent experience, in Finance, Business Administration, Economics, Mathematics, Statistics, Computer Science, Engineering, Operations Research, Financial Engineering, or a related quantitative or technical business field. Ability to independently assess model conceptual soundness, implementation quality, data lineage, controls, monitoring, and use-case appropriateness, with a risk management-oriented mindset and willingness to speak up constructively. Strong written, verbal, and interpersonal communication skills, including comfort leading meetings, making formal presentations, producing committee materials, briefing senior stakeholders, and building credibility across investment, quantitative, technology, product, vendor, control, audit, and regional teams. Hands-on experience with quantitative programming and data analysis tools such as Python, R, MATLAB, SQL, or comparable languages is preferred; experience with GenAI agents or AI-enabled workflow tools is desirable; CFA, FRM, ML, or related quantitative or technology certifications are a plus.

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 is 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.

At Morgan Stanley, we raise, manage and allocate capital for our clients - helping them reach their goals. We do it in a way that is 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 $165,000 and $275,000 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). Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents. Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences. For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo. At Morgan Stanley, we advise, originate, trade, manage and distribute capital for people, governments and institutions, always with a standard of excellence and guided by our core values. Morgan Stanley is dedicated to providing first-class service to our clients, in a way that reflects our commitment to creating a more sustainable future and fostering stronger communities around the world. In each line of business, we strive to demonstrate our belief in the power of transformative thinking, innovative strategies and leading-edge solutions-and in the ability of capital to work for the benefit of all society.