Model Risk Control Lead — Financial Crime Surveillance

Morgan Stanley; Dallas (TX); On-site; USD 77,000 - 117,000; Full time

Benefits offered by this job

Medical

Dental

Vision

401(k)

Job summary

Morgan Stanley is seeking a Model Risk Control Specialist within the Non-Financial Risk Data & Analytics team in Dallas to strengthen governance, monitoring, and documentation of Financial Crime Compliance models. You will work with model owners and stakeholders to enhance model performance and meet regulatory expectations.

The role involves drafting model documentation, executing ongoing monitoring controls, and overseeing testing and remediation across Trade Surveillance, Transaction

Qualifications

• Ability to build and maintain audit-ready model documentation across the model lifecycle.
• Understanding of Financial Crime Compliance concepts and model use cases (e.g., AML/transaction monitoring, sanctions screening, trade surveillance).
• Experience in ongoing model monitoring, performance analysis, and issue investigation (including root-cause analysis).
• Experience partnering with quantitative/analytics teams to support testing, tuning, and optimization of models (including vendor-developed solutions).
• Knowledge of model risk governance expectations and standards (e.g., SR 11-7 / OCC 2011-12) and experience supporting validation and exam requests.

Responsibilities

• Draft and maintain comprehensive model documentation across the model lifecycle for Financial Crime Compliance models.
• Establish and execute ongoing model monitoring controls, partnering with quantitative analysts and subject matter experts.
• Support model tuning and optimization for Trade Surveillance, Transaction Monitoring, and Sanctions screening models, including ML/AI-enabled approaches where applicable.
• Oversee and challenge model testing performed by developers and vendors, including design of challenger models or compensating controls as needed.
• Perform and/or manage periodic assessments and above-/below-the-line testing to evaluate model performance and sustainability.
• Conduct research on emerging modeling approaches and regulatory expectations, performing gap analyses and recommending enhancements to existing controls.
• Lead root-cause analysis for model performance anomalies and drive remediation planning with stakeholders.
• Manage model governance processes, including model inventory updates, change tracking, and reporting to senior management, Model Risk Management, and Internal Audit D.

Skills

Audit-ready docs

Financial Crime concepts

Model monitoring

Testing & tuning

Root-cause analysis

Governance & reporting

Tools

SQL

Python

Excel

Power BI

Tableau

Job description

Morgan Stanley is seeking a Model Risk Control Specialist within the Non-Financial Risk Data & Analytics team in Dallas to strengthen governance, monitoring, and documentation of Financial Crime Compliance models. You will work with model owners and stakeholders to enhance model performance and meet regulatory expectations.

The role involves drafting model documentation, executing ongoing monitoring controls, and overseeing testing and remediation across Trade Surveillance, Transaction