Model Risk – Risk Management – Executive Director
Company | Morgan Stanley |
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Location | New York, NY, USA |
Salary | $165000 – $275000 |
Type | Full-Time |
Degrees | Bachelor’s, Master’s, MBA |
Experience Level | Expert or higher |
Requirements
- 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
- Excellent verbal and written communication skills
- Strong communicator with good interpersonal skills
- Ability to develop partnerships across functions and geographies
- Detail oriented with exceptional organizational skills
- Advance working knowledge of MS Word, PowerPoint, and Teams
- Self-motivator and team player who brings a can-do approach
- Bachelor’s or higher degree in Finance, Economics, Computer Science, Mathematics, Engineering or other business or risk management related areas
- 15+ years of experience from financial institution, consulting firm or in risk management, preferably in an analytical, compliance or regulatory function
- Experience in designing and implementing a model risk management framework through policy and procedure writing
- Experience with core model risk management regulation requirements (e.g., FRB SR 11-07, SR 15-18, PRA SS1/23)
Responsibilities
- Identify and lead strategic Model Risk Management Framework enhancements, including Governance forums
- Determine and implement solutions to Model Risk Management Governance related issues that have been identified
- Influence Model Risk Management Framework as well as related assurance across models, tools and end user computing (EUCs)
- Partner with a wide range of stakeholders across the Firm on model risk governance and framework initiatives
- Liaise with functional and business leaders to roll out key model risk management framework enhancements
- Interface with global regulators and/or Internal Audit representing the Model Governance Framework
- Represent MRM Governance in various governance forums
- Coach and develop team members
Preferred Qualifications
- (Preferred) Previous experience in model development and/or independent model validation/review
- (Preferred) Relevant certifications or designations (e.g., CFA or FRM)