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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.

*Firm Risk Management: *

Firm Risk Management (FRM) enables 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.
Our mission is to serve as the follow roles:

• Independent agent to set consistent principles and disciplines for risk management.
• Strategic advisor to Firm management for setting risk appetite and allocating capital.
• Industry leader to influence and meet regulatory standards.

You will collaborate with colleagues across FRM and the Firm to protect the Firm’s capital base and franchise, advise businesses and clients on risk mitigating strategies, develop tools and methodologies to analyze and monitor risk, contribute to key regulatory initiatives and report on risk exposures and metrics to enable informed and strategic decision-making. Through thoughtful analysis and clear communication, we are best able to bring our ideas to the table and improve the Firm. Firm Risk Management values diversity and is committed to providing a supportive and inclusive workplace for all employees, through its unique franchise which promotes:

• Flat, flexible and integrated global organization • Collaboration and teamwork • Credible, independent decision-making • Organizational influence • Creative and practical solutions • Meritocratic and diverse 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.

Morgan Stanley' s Model Risk Management (MRM) department resides within Morgan Stanley' s Firm Risk Management Division. Morgan Stanley' s global MRM team, spread across New York, London, Mumbai and Budapest is broadly responsible for the risk management of all of the Firm' s models involving model validation, risk assessment, and governance and act as an effective second line of defense within the Firm.

Background on the Position

The Risk Process Validation Group (RPVG) is an independent validation function within FRM. RPVG is responsible for independently assessing select controls and processes related to Market, Credit, Liquidity, Capital and Data Risk that support selected: - Risk owned regulatory capital and stress testing calculations; -> Risk owned regulatory schedules; - Risk owned internal reports; - Risk framework processes (e.g., Credit, Market, Liquidity Risks).

Primary Responsibilities

• Perform independent validations of select FRM processes and controls, including those relating to regulatory and Basel requirements;
• Support execution of reviews (e.g., planning, documenting, reporting) and continuous monitoring activities (e.g., risk assessments);
• 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 other independent validation teams, e.g., Model Risk Management, Regulatory Reporting Quality Assurance (RRQA), to support a unified validation program end-to-end.

Experience

• Bachelor's or higher degree in Finance, Economics, Computer Science, Mathematics, Engineering or other business or risk management related areas;

• Experience from consulting, risk management, or internal audit covering processes and controls across risk stripes (e.g., Credit, Market, Liquidity, Capital and Data Risk);

• 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);

• Experience in risk assessment and process and control validation/testing;

• 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 commitment to teamwork; ability to prioritize and manage multiple competing objectives.

Skills

• Strong understanding of 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);

• Knowledge and experience with data analytics and data visualization tools and systems (e.g., Power BI, Alteryx, Dataiku, QlikView, Tableau); experience with writing or editing SQL, Python and/or other programming languages; advanced Excel knowledge;

• 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;

• Strong communication and analytical skills;

• Robotic process automation (RPA) skills (preferred);

• Relevant certifications or designations (e.g., CFA or FRM) (preferred).

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.

Job: *Model Risk

Title: Director - Risk Process Validation Group - RPVG (Risk Management)

Location: Non-Japan Asia-India-India-Mumbai (MSA)

Requisition ID: 3248041