Job Information
Morgan Stanley Associate, Risk Process Validation Group in New York, New York
Firm Risk Management Morgan Stanley's Firm Risk Management (FRM) Division is an exciting and rapidly growing space. We support 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.
Responsibilities -
- Perform independent validations of select risk-owned processes, including those relating to regulatory and Basel requirements; Support execution of governance, risk assessment, process review and validation, and monitoring and reporting;
- Leverage testing observations to contribute to improving the team's validation methodology and execution capabilities;
- Interface with key stakeholders, governing bodies, and business partners to review status of validation work, results of test work, and quarterly reporting;
Partner with Model Validation and Regulatory Reporting teams to support a unified validation program end-to-end.
Strong technical / programming skills
- Understanding how model risks impact the business, and business changes impact models
- Strong communication skills with ability to articulate complex concepts appropriately to different audiences including senior management
- A prior role within consulting, risk management, or internal audit covering processes across risk stripes (e.g., Credit, Market, Liquidity, Capital and Data Risk);
- Strong understanding banking regulatory environment, including familiarity with Bank of International Settlements (BIS) principles (e.g., Basel III, BCBS 239, FRTB) and FRB Capital Planning requirements and practices (e.g., CCAR, DFAST);
- Experience with core banking, investment and trading products, and banking regulations (e.g., FRB SR 11-07, SR 12-17, SR 14-08, SR 15-18, PRA SS1/23);
- Understanding of data lineage and database schema; experience working with large data sets, data warehouse, or data lake; knowledge of IT general controls; business analyst experience;
- Knowledge and experience with data analytics and data visualization tools and systems (e.g., PowerBI, Alteryx, Dataiku, QlikView, Tableau); experience with writing or editing SQL, VBA, Python and/or other programming languages; advanced Excel knowledge;
- Knowledge and experience with robotic process automation (RPA);
- Relevant certifications or designations (e.g., CFA or FRM)
Expected base pay rates for the role will be between $85,000 and $140,000 per 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.
This role is hybrid and currently requires in office attendance 3 days/week. The in office requirement is subject to change at any time.
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 base 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 the law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
Job: *Risk Management
Title: *Associate, Risk Process Validation Group *
Location: New York-New York
Requisition ID: 3250861