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Morgan Stanley Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management 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.
The talent and passion of our people is critical to our continued success as a firm. Together, we share five core values rooted in integrity, excellence and strong team ethic: 1. Doing the Right Thing 2. Putting Clients First 3. Leading with Exceptional Ideas 4. Committing to Diversity and Inclusion 5. Giving Back
Morgan Stanley is committed to helping its employees build meaningful careers and we strive to be a place for people to learn, achieve and grow.
Firm Risk Management Firm Risk Management (FRM) enables Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, operational, model and other risks.
Our mission is to serve as the follow roles: â€¢ Independent agent to set consistent principles and disciplines for risk management â€¢ Strategic advisor to Firm management for setting risk appetite and allocating capital â€¢ Industry leader to influence and meet regulatory standards
You will collaborate with colleagues across FRM and the Firm to protect the Firm's capital base and franchise, advise businesses and clients on risk mitigating strategies, develop tools and methodologies to analyze and monitor risk, contribute to key regulatory initiatives and report on risk exposures and metrics to enable informed and strategic decision-making. Through thoughtful analysis and clear communication we are best able to bring our ideas to the table and improve the Firm.
Firm Risk Management values diversity and is committed to providing a supportive and inclusive workplace for all employees.
Firm Risk Management's unique franchise promotes: â€¢ Flat, flexible and integrated global organization â€¢ Collaboration and teamwork â€¢ Credible, independent decision-making â€¢ Organizational influence â€¢ Creative and practical solutions â€¢ Meritocratic and diverse culture
Background on the Position This role will reside within Firm Risk Management's Model Risk Management team responsible for the Firm's management of risks related to the implementation and use of models, covering all aspects of the Firm's businesses and implementing key regulatory requirements. This position requires strong technical, leadership, and organizational skills.
Primary Responsibilities â€¢ Oversee the independent review and model validation of securitization and retail lending pricing and risk models, compliant with Model Risk Management policies and procedures, regulatory guidance, and industry leading practices â€¢ Managing global team within Model Risk Management, organizing schedules of deliverables and meeting deliverable due dates, and escalating issues â€¢ Communicate model validation conclusions to senior management and relevant stakeholders â€¢ Write high-quality validation documentation that satisfies the firm's internal model approval functions, audit requirements, and regulatory standards â€¢ Represent Model Risk Management team in interactions with regulatory agencies
Skills Required â€¢ Degree in a quantitative discipline (such as Financial Engineering, Computational Finance, Mathematical Finance, Math/Statistics, Computer Science, Physics or related fields)
â€¢ Familiarity with essential quantitative techniques used in financial models
â€¢ Strong written and verbal communication skills. Must be comfortable leading meetings and making formal presentations.
Skills Desired â€¢ Prior experience with developing or validating securitization and lending models. Examples include CMBS, ABS, and warehouse lending models
â€¢ Desire to work in a dynamic, team-oriented environment focusing on challenging tasks mixing fundamental, quantitative and market-oriented knowledge and skills