Model Risk (Risk Management) : Job Level – Analyst Full Time NEW

Firm Risk Management

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.

US Model Risk Management

Morgan Stanley’s Model Risk Management (MRM) function resides within Firm Risk Management. The US Model Risk Management team supports US Banks model risk governance by partnering with Model Control Officers, independent model validators, and governance and reporting teams. The team contributes to the development and application of policy supplements, prepares risk assessment and performance materials, analyzes model risk and performance data, and presents findings to senior management and risk committees. These activities directly inform risk oversight and decision making within the US Banks.

This role offers the opportunity to support the Model Risk Management framework across business and functional areas within the US Banks, with close interaction with MRM Governance, Model Control Officers, model developers, and independent model validators.

Primary Responsibilities

Support the coordination and compilation of monthly US Banks Model Risk Oversight Committee materials, including agenda coordination, charter maintenance, collection of stakeholder inputs, confirmation of quorum for voting members, and preparation of meeting minutes.

Contribute to the identification, assessment, and ongoing monitoring of model risk for the US Banks, including tracking model inventory changes, limitations, and remediation activities.

Support the identification of model risk issues across functional areas impacting the Banks, highlight US Banks related matters originating from the Firm Model Oversight Committee, and articulate key US Banks related model risks to be communicated to senior management and Risk Committees.

Support Model Risk Management contributions to governance forums, including the US Banks Risk Committee, US Banks Board Risk Committee, Wealth Management Risk Committee, and related working groups, by preparing certain presentation materials, maintaining trackers, and monitoring/submitting deliverables and follow up actions.

Support Model Performance Review Working Group meetings, including collection of periodic model performance monitoring results into MRM performance monitoring dashboard, supporting documentation, and ongoing performance monitoring of models.

Partner with US Banks Model Control Officers, MRM validation leads, and MRM Reporting teams on model inventory matters, emerging model risk issues, and committee reporting for senior management.

Engage with MRM Governance to support the maintenance of US Banks supplements to the Global Model Risk Management Policy.

Support the monthly submission of US Banks’ Key Risk Metrics (KRIs) to the Banks Enterprise Risk Management team by liaising with model developers, Model Control Officers, and MRM Reporting teams; support the development and ongoing maintenance of KRIs and related metrics.

Coordinate meeting materials for quarterly regulatory engagements, ensuring accuracy, completeness, and consistency.

Produce quarterly status reporting on issues within the Banks’ MRM framework, including escalation of significant issues as appropriate; engage with management to determine escalation timing and audience.

Coordinate the quarterly review and challenge of model risk assessments conducted by US Banks Business Units, in coordination with model reviewers.

Support the quarterly computation of concentration risk associated with model risk errors.

Support the compilation of model risk input and feedback to the Banks’ short form and long form strategic plans, ensuring alignment with risk appetite and regulatory expectations Experience

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

0 – 2 years of experience from financial institution, consulting firm or in risk management, preferably in an analytical, compliance or regulatory function.

(Preferred) Knowledge of model development or risk management through industry experience or academic background in related fields

(Preferred) Previous Experience In Model Governance Or Reporting

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

Skills

Strong analytical and problem-solving skills

Detail oriented with exceptional organizational skills

Ability to work effectively on multiple projects under tight deadlines

Advanced working knowledge of MS Word, PowerPoint, and Teams

Excellent verbal and written communication skills, with the ability to communicate with key stakeholders

Intellectual curiosity with a focus on information sharing

Self-motivated and team player who brings a can-do approach

What You Can Expect From Morgan Stanley

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 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 $75,000 and $95,000 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 is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.