Model Risk - Risk Process Validation Group (RPVG), Director, Firm Risk Management

Morgan Stanley

Risk Process Validation Group - Director

Profile Description

We're seeking someone to join our team as a Director in Model Risk - Risk Process Validation Group.

Firm Risk Management

In the Firm Risk Management division, we advise businesses across the Firm on risk mitigation strategies, develop tools to analyze and monitor risks and lead key regulatory initiatives.

Company Profile

Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions, and individuals around the world achieve their financial goals.

Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.

What you'll do in the role:

Primary Responsibilities

• Perform independent validations of select FRM processes and controls, including those relating to regulatory and Basel requirements
• Contribute to improving the team's validation methodology and execution capabilities
• Manage and supervise the execution of validation (e.g., planning, documenting, reporting) and continuous monitoring activities (e.g., risk assessments;
• Provide review and challenge to all phases of the individual validations; own issue assessment and socialization, finalize validation memo, and review and sign off the validation documentation
• Present validation plans, issues and observations to senior management and relevant management committees
• Manage the interface with key stakeholders, governing bodies, and business partners to review status of validation work, results of test work, and quarterly reporting;
• Partner with other independent validation teams, e.g., Model Risk Management, Regulatory Reporting Quality Assurance (RRQA), to support a unified validation program end-to-end

What you'll bring to the role:

Experience
• Bachelor's or higher degree in Finance, Economics, Computer Science, Mathematics, Engineering or other business or risk management related areas
• Experience from consulting, risk management, or internal audit covering processes and controls across risk stripes (e.g., Credit, Market, Liquidity, Capital and Data Risk);
• Experience in data analytics, data visualization, or process automation;
• Strong risk, process, and control validation/testing, and assessment skills;
• Strong communication and analytical skills
• A commitment to teamwork;
• Ability to prioritize and manage multiple competing objectives.