Model Risk Management Framework : Job Level - Vice President

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, model and other risks.

Model Risk Management Governance

Morgan Stanley's Model Risk Management (MRM) department resides within FRM. The MRM Governance Team sets model risk management standards for the Firm globally through policies, policy supplements, procedures, and templates related to models and Tools.

This position offers the candidate a unique opportunity to drive enhancements to the existing Model Risk Management framework across the model lifecycle globally across the firm, with close interactions with Model Control Officers, model developers and model validators.

Primary Responsibilities

• Maintain and update Model Risk Management Framework through policy, policy supplements, procedures and templates enhancements for models and Tools
• Partner with a wide range of stakeholders across the Firm on model risk governance and framework initiatives including training
• Liaise with functional and business leaders to roll out model risk management framework enhancements
• Work on requirements for the model inventory or system enhancements to align with the framework enhancements
• Manage Model Risk Governance Committee and other forums
• Interface with global regulators and Internal Audit
• Manage, coach and develop team members

Experience

• Bachelor's or higher degree in Finance, Economics, Computer Science, Mathematics, Engineering or other business or risk management related areas
• 10+ years of experience from financial institution, consulting firm or in risk management, preferably in model governance, model development and/or independent model validation, analytics, compliance or regulatory/internal audit function.
• Experience in designing and implementing a model risk management framework through policy and procedure writing
• Experience with core model risk management regulation requirements (i.e., FRB SR 11-07, SR 15-18, PRA SS1/23)
• (Preferred) Relevant certifications or designations (e.g., CFA or FRM)

Skills

• Ability to influence and execute the vision for MRM Governance globally
• Pragmatic problem solver and forward thinker
• Ability to prioritize and manage multiple competing objectives with tight deadlines
• Strong communicator (verbal and written communication) with good interpersonal skills and the ability to influence various stakeholders on topics
• Ability to develop partnerships across functions and geographies
• Detail oriented with exceptional organizational skills
• Advance working knowledge of MS Word, PowerPoint, and Teams
• Self-motivated and team player who brings a "can-do" approach

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.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.

Expected base pay rates for the role will be between $120,000 and $205,000 year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. 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.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).