Associate - ISG Model Governance (1st line)

Associate - ISG Model Governance (1st line)

Company Profile:

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.

As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

Position Description:

ISG Model Control within ISG Non-Financial Risk is part of a 1st central risk team responsible for governing the Global Model Control, Algo Trading Governance, Trader Mandate, Booking Model, and Trading Risk Limit Governance functions within Morgan Stanley.

These in-business risk management teams partner with internal and external control groups to understand business needs and their associated risks, execute on practical solutions, and maintain a global governance, communication, and awareness strategy that underscores a culture of control excellence.

Primary Responsibilities:

This specific role is part of the Algo Trading team focused on governance and oversight. The candidate would be expected to undertake a wide range of duties, often having to manage multiple tasks with frequent changes to priorities.

The primary responsibilities include supporting the daily activities and initiatives of the group, such as:

• Enhancing the framework to monitor compliance with established policies and procedures
• Managing the governance of the Trading Algorithm lifecycle
• Partnering with developers and reviewers in assessing candidate models/tools
• Identifying key metrics and assisting in the design and implementation of reports
• Monitoring compliance with Policy through investigation of alerts, escalation of exceptions to policies and assisting with their resolution
• Engaging and assisting key stakeholders in the implementation of procedures ensuring consistency of framework across all business units
• Identifying opportunities for improvements of existing governance framework and participate in projects to enhance processes
• Perform ad-hoc analyses to support continuous improvement of the governance processes

• Understanding of financial markets with cross asset experience,
• Experience of managing and delivering both commercial and regulatory driven change
• Experience of non-financial risk and controls
• Excellent communication and interpersonal skills with confidence to present to senior management
• Able to balance various initiatives and deadlines simultaneously.
• Familiarity with regulatory guidance on model risk management and Trading Algorithms is preferrable
• Initiative and ability to facilitate communication across functional areas
• Excellent analytical and critical thinking skills
• Sensitivity to detail and accuracy in everyday work