Model Risk - FRTB Validation: Associate

Conduct Model Validation activities for market risk models (FRTB) by challenging model assumptions, mathematical formulation, and implementation. Conduct independent testing to assess model accuracy and robustness under different scenarios and market conditions, including, where appropriate the evaluation of developer documentation and testing. Assess and quantify model risks due to model limitations and develop compensating controls. Develop and apply high-quality validation standards by conducting independent testing to assess model accuracy and robustness under different market conditions. Collaborate with Global MRM teams, Global Risk Analytics teams, Model Control Officers and Risk Managers to manage model risk across the model lifecycle. Participate in developing effective relationships with the internal/external auditors by providing accurate and timely submissions. Masters or Ph.D. degree (or equivalent) in Finance, Economics, Mathematics, Physics, Engineering, or a related quantitative field In-depth knowledge of mathematical finance, derivative pricing, and numerical techniques Relevant working experience of 3+ years, ideally in VaR/ FRTB/Derivatives asset pricing or related quantitative fields Strong skills in communication both written and verbally, Critical Thinking, Problem Solving and Collaboration Proficiency in Python and database query languages An interest in working in a fast-paced environment, often balancing multiple high priority deliverables. 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. 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 will be between $100,000 and $140,000 per year at the commencement of employment. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees. It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.