Vice President, Risk / Policy Management

Morgan Stanley; New York (NY); Hybrid; USD 180,000 - 250,000; Full time

Job summary

Morgan Stanley is seeking a Vice President in New York, NY to lead risk/model validation and policy management. The role focuses on validating ILST and Net Interest Income models for the Firm’s global activities, with cross-functional collaboration across treasury, risk, and regulatory teams.

The candidate will document validation reports, challenge model assumptions, and communicate issues to governance committees.

Qualifications

• Master’s degree in Financial Engineering, Mathematics, or related field.
• Two years of experience in model risk management roles.

Responsibilities

• Review and challenge model assumptions; validate ILST and NII models across regions.
• Communicate findings to global treasury and risk teams; respond to regulatory/audit requests.
• Develop validation reports highlighting risks and model limitations; collaborate with regional and global teams.

Skills

Model development

Model validation

Regulatory knowledge

Python

R

Advanced Excel

Data visualization

Data analytics

Capital planning (FRB CCAR DFAST OCC)

Banking knowledge

FRB regulations

Education

Master’s degree in Financial Engineering or related field

Tools

Python

R

Excel

Job description

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.

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.