Risk Management, Model Risk Management, Vice President

Risk Management, Model Risk Management, Vice President London JR011119The role will reside within the Firm Risk Management's Model Risk Management Department which is a team dedicated to providing the independent model risk control, review and validation of models used by Morgan Stanley. These include derivative pricing models in all product areas (i.e. interest rates, currencies, commodities, equities, credit, and securitized products), as well as models used for counterparty credit risk (CVA/IMM), credit risk (IRB), market risk (IMA), operational risk, capital and liquidity stress tests.Model Risk Management professionals in New York, London, Budapest, Frankfurt, Mumbai and Tokyo work closely with business quantitative strategists, risk analytics, risk managers and financial controllers. The London team works collaboratively with members of Model Risk Management across all model areas globally.Firm Risk Management (FRM) supports Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, operational, model and other risks.About Morgan Stanley Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. 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. We 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.What will you be doing? • Lead and coordinate the review of projects. Make sure the timely delivery of solid review work according to regulatory requirements and model risk management policy and procedure • Identify, measure, communicate and decide on significant model risk issues in the coverage area. This includes model usage in the Firm's books & records, risk management, downstream capital model input, PnL attribution and stress loss calculations • Lead Model reviewers to work on emerging concerns from model validation work in flight and escalate to senior management • Review and identify the model usage gaps on new products, new business initiatives and new material exposures • Drive changes together with risk managers through rational and collaborative decision making to enhance model risk • Provide accurate information according to regulatory requirements on both existing model inventory and the incremental changes on model inventoryWhat we're looking for: • Masters or Ph.D. degree (or equivalent) in Finance, Economics, Mathematics, Physics, Engineering, or a related quantitative field • The ideal candidate should have strong previous experience (for at least 8-10 years) on derivative pricing models gained in a development or validation role at an investment banking institution, preferably in rates FX, Hybrid or Inflation • Experience in taking ideas forward and challenging others, where appropriate, with experience in management by influence, facilitating and gaining consensus • Strong stakeholder management skills and team management experienceSkills that will help you in the role: • The ability to effectively communicate with a wide range of stakeholders, both written and verbally • An interest in working in a fast-paced environment, often balancing multiple high priority deliverablesWhere will you be working? This role is based in 20 Bank Street, London.WHAT YOU CAN EXPECT FROM MORGAN STANLEY:We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. 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. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. 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.Certified Persons Regulatory Requirements: 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? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more. Morgan Stanley is an equal opportunities employer. 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.