Model Risk Management - Interest Rates Pricing Model

Perform model validation on complex and state-of-the-art pricing models used by the Rates Trading Business for daily valuation and risk management of trading positions Ensure that documentation of the models is adequate, and model testing is sufficient. Assess if the models are conceptually sound, fit for purpose, assumptions and limitations are identified and adequately controlled. Perform independent testing and ensure adequate model performance monitoring. Identify model risk issues and escalate to management. Work closely with model developers, market risk managers and valuation controllers, to understand not only the models but also the business context in which they need to perform well. Summarize written assessment in model validation report. Conduct on-demand analyses of model performance. Work as part of a global team with colleagues based in the London and New York offices. MSc or PhD in a STEM area or Finance, strong quantitative background, stochastic calculus knowledge 0-5 years of experience with derivative pricing model validation or development; experience in Interest Rates area is a plus Genuine and broad interest in financial markets; internal drive to effectively challenge and improve models with a quantitative and practical mindset. Clear thinking, good business sense and judgment, proactive and collaborative attitude Strong interpersonal and communication skills Experience with programming in a high-level language such as Python is a plus. 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. If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks. Flexible work statement Interested in flexible working opportunities? Speak to our recruitment team to find out more. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.