Senior Model Risk VP — Rates, FX & Commodities

474 MS Services Group, Inc.; New York (NY); On-site; USD 120,000 - 210,000; Full time

Job summary

Morgan Stanley is seeking a qualified professional for Model Risk Management to validate complex pricing models across Rates, FX, and Commodities. You will lead independent testing, ensure adherence to standards, and communicate risk insights to governance bodies.

The role requires a strong quantitative background, leadership across a global team, and the ability to collaborate with 1LOD/2LOD stakeholders in a fast-paced environment.

Qualifications

• Masters degree or PhD in quantitative discipline or Finance, with a strong foundation in numerical methods, probability theory, stochastic calculus, and the practical application of quantitative models in finance.
• Strong internal drive to critically challenge, improve, and enhance models using a rigorous, quantitative, and practical mindset.
• Risk-oriented mindset including effective risk prioritization, critical questioning, and ability to speak up.
• Clear analytical and critical thinking, proactive, collaborative approach to problem solving.
• Strong interpersonal and communication skills to explain complex concepts to stakeholders.
• Comfort leading meetings and engaging with senior leaders in the Firm.
• Ability to work in a dynamic, high-pressure environment and manage multiple deliverables.
• Experience managing and leading a global team.

Responsibilities

• Understand the use and effectiveness of models and tools within the context of relevant Firm businesses and processes.
• Perform independent model and tool validation of complex pricing models used by Morgan Stanley's Fixed Income businesses, particularly Rates, FX and Commodities Trading.
• Evaluate whether model testing and documentation meet firmwide standards and policy requirements.
• Assess conceptual soundness and fitness for purpose of models and tools, identifying assumptions and limitations.
• Conduct independent quantitative testing and verify ongoing monitoring frameworks are adequate.
• Identify and upscale model risk themes, engaging with 1LOD and 2LOD stakeholders to develop solutions.
• Collaborate with developers, desk strategists, Market Risk, and Valuation Control to ensure high standards of quality and governance.
• Produce high quality model and tool review reports for senior management and governance forums.
• Perform ad hoc analyses of model behavior, performance, and risk characteristics.
• Manage book of work, prioritization, and drive efficiency and value-addition for stakeholders.
• Identify, quantify, and report on model risk issues including emerging risks and escalation.

Skills

Masters degree or PhD in quantitative

Strong quantitative foundation

Risk management mindset

Leadership and team management

Excellent communication skills

Ability to engage with senior leaders

Analytical and critical thinking

Global team experience

Education

Masters degree or PhD in quantitative discipline or Finance

Job description

Morgan Stanley is seeking a qualified professional for Model Risk Management to validate complex pricing models across Rates, FX, and Commodities. You will lead independent testing, ensure adherence to standards, and communicate risk insights to governance bodies.

The role requires a strong quantitative background, leadership across a global team, and the ability to collaborate with 1LOD/2LOD stakeholders in a fast-paced environment.