Vice President, Risk / Policy Management

474 MS Services Group, Inc.; New York (NY); Hybrid; USD 180,000 - 250,000; Full time

Benefits offered by this job

Telecommuting up to 2 days/week

Job summary

Morgan Stanley is seeking a Vice President, Risk / Policy Management in New York, NY to validate models, communicate risk findings, and support regulatory requests across US/Europe/Asia. This role emphasizes strong quantitative skills, regulatory knowledge, and cross-team collaboration.

Expected base pay ranges from $180,000 to $250,000 per year, with the total compensation package including bonuses and incentives based on individual performance. Telecommuting up to 2 days per week is available.

Qualifications

• Master’s degree in Financial Engineering, Mathematics, or related field.
• Two years of experience in model development/validation roles.
• Experience with regulatory requirements and model risk management.

Responsibilities

• Review, challenge model assumptions and validation of ILST and NII models.
• Communicate findings with treasury, liquidity risk teams and governance bodies.
• Respond to regulatory and internal audit requests related to MRM.
• Develop monitoring, quantify model risks, and document limitations.
• Collaborate with Global MRM teams, COOs, and Finance on model lifecycle.

Skills

Model validation

Python

R

Advanced Excel

Data visualization

Data analytics

Regulatory knowledge

Stakeholder comms

Education

Master's in Financial Engineering/Math or related

Tools

SQL

Data warehouse

Job description

Company Profile

Company Profile: Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment, and wealth management services. The Firm's employees serve clients worldwide, including corporations, governments, and individuals from more than 1,200 offices in 43 countries. In the Firm Risk Management division, we advise businesses across the Firm on risk mitigation strategies, develop tools to analyze and monitor risks and lead key regulatory initiatives.

What you’ll do in the role

Morgan Stanley Services Group Inc. is seeking a Vice President, Risk / Policy Management in New York, NY to perform the following duties: Reviewing, effectively challenging model assumptions, mathematical formulation, implementation of supervisory rules and if necessary, independently testing Internal Liquidity Stress Testing (ILST) and Net Interest Income Sensitivity models covering the Firm’s activities in US, Europe and Asia. Proactively communicating with the global and regional treasury and liquidity risk teams on ongoing validations and any model issues that may come up. Answer regulatory and internal audit requests related to MRM activities on ILST and Net interest Income, attending regulatory meetings. Develop and review existing monitoring and quantify model risks due to model limitations and thematic risks including developing compensating controls. Develop high-quality validation reports highlighting risks and limitations of models and communicate findings to stakeholders, senior management, and governance Committees. Collaborate with Global MRM teams, Model Control Officers, Regulatory Capital Controllers, Finance and Risk Managers to manage model risk across the model lifecycle. Telecommuting permitted up to 2 days per week.

What you’ll bring to the role

• Requires a Master’s degree in Financial Engineering, Mathematics, or related field of study.
• Requires two (2) years of experience in Model/Anlys/Valid Senior Manager, Quantitative Risk Modeler, Senior Vice President, Financial Quantitative Analyst, Analyst, or a related occupation.
• Requires 2 years of experience with each of the following skills: model development or validation in treasury or liquidity risk management functions with sound understanding of model lifecycle and validation report; the banking regulatory environment, including with Bank of International Settlements (BIS) PRINCIPLES IN Basel III, BCBS 239, FRTB; quantitative programming skills including Python, R, and advanced excel knowledge; data visualization and data analytics; model development or validation on capital planning requirements and practices from FRB including CCAR, DFAST, OCC, ECB, and PRA; core banking, investment and trading products; banking regulations: FRB SR 11-07, SR 12-17, SR 14-08, SR 15-18, PRA SS1/23, EBA CRD/CRR, ECB Guide to ICAAP; data lineage and database schema; working with large datasets, data warehouse.

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’s 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

Expected base pay rates for the role will be between $180,000 and $250,000 per 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.

Equal opportunity and diversity

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.