VP, Model Risk (Risk Management)

> Contribution to validation activities for Swap Dealer entities, including oversight of ongoing monitoring performance reviews and regulatory submissions. > Conduct Model Validation activities for the IMA (VaR/SVaR/RNIV) and Initial Margin models 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 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. FRM is committed to creating and providing opportunities that enable our workforce to reflect diverse backgrounds and views. > 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 > The ideal candidate has strong experience with valuation models gained at a financial institution. > Experience developing pricing and risk models using Python, R or C++ is a plus. > 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 deliverables. At our foundation are five core values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - that guide our more than 80,000 employees in 1,200 offices across 42 countries. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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. We're committed to bringing passion and customer focus to the business. Expected base pay rates for the role will be between $120,000 and $200,000 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. 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.