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Vice President - Bank Model Risk
Morgan Stanley
New York, NY, United States
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Vice President - Bank Model Risk (Morgan Stanley Bank NA and Morgan Stanley Private Bank NA)
Description
Company Profile
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.
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. Morgan Stanley 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.
Department Profile
The cornerstone of Morgan Stanley’s risk management philosophy is the execution of risk-adjusted returns through prudent risk-taking that protects Morgan Stanley’s capital base and franchise. Risk Management protects the firm from exposure to losses resulting from market volatilities and defaults by our lending and trading counterparties.
Background on the Position
Morgan Stanley is seeking a strong candidate to join its Model Validation group within Model Risk Management (MRM). The Model Risk Management (MRM) plays a pivotal role in the development and maintenance of an effective model risk management framework across the firm which has received heightened focus from senior management and our regulators. Currently, the Model Validation group has an opening for a highly motivated individual to provide support for the Bank Model Risk Officer in a variety of highly visible projects. This individual will work closely with the various groups within the firm, including but not limited to model owners in front office, risk managers, etc.
Primary Responsibilities
• Contribute to the identification, assessment, and monitoring of Bank Model Risk
• Assist with MRM’s contributions to the Bank Risk Committee, the Bank Board Risk Committee, the Firm Model Oversight Committee, and other Working Groups and Committees by preparing presentations and tracking deliverables and follow up items
• Ensure that model validations account for bank-specific risks, where appropriate
• Work on ad hoc Bank Model Risk projects and analyses
Qualifications
Skills desired
• Experience with CCAR/DFAST and capital planning
• Experience drafting C-level presentations
• Experience writing and editing model documentation or model review documents
• Knowledge of statistics and data analysis
Skills required (essential)
• Experience working in model risk, model control, or similar function
• Experience with bank products such as: residential mortgages, CRE, wholesale lending, and deposits
• Good organizational skills
• Microsoft Office (Excel, Word, Powerpoint)
• Team player with strong interpersonal and communication skills
• Bachelor’s Degree