Model Risk Management, Model Risk Analyst/Associate, Credit Valuation Adjustment Models

Conduct model validation for Credit Valuation Adjustment (XVA) space by challenging model assumptions, mathematical formulation and implementation Conduct independent testing and build benchmark models to assess model accuracy and robustness under different scenarios and market conditions, including, where appropriate the evaluation of developer documentation and testing Continuously challenge models with a forward looking, "what could go wrong" mindset Assess and quantify model risks due to model limitations and develop compensating controls Develop high-quality written validation reports highlighting risks and limitations of models and communicate findings to stakeholders and senior management Collaborate with Global MRM teams, Developers, Model Control Officers, Valuation Control and Risk Managers to manage model risk across the model lifecycle Master's or Ph.D. degree in Mathematics, Mathematical Finance, Physics, Engineering, Finance, Economics or a related quantitative field 0-5 years of experience with quantitative models, preferably in financial derivative pricing models. Genuine and broad interest in financial markets and derivatives; 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 Interest or 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.