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Model Risk – Risk Management – Executive Director

Model Risk – Risk Management – Executive Director

CompanyMorgan Stanley
LocationNew York, NY, USA
Salary$165000 – $275000
TypeFull-Time
DegreesBachelor’s, Master’s, MBA
Experience LevelExpert 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)