Morgan Stanley

We’re seeking someone to join our team as an AI Enablement Associate.

Wealth Management (WM) Platforms manages industry-leading platforms, across all WM channels and client segments, to provide a unified digital experience, unlock growth, and deliver efficiencies for Advisors, Clients, and Institutions. WM Platforms consists of ten sub-teams including: Field Experience & Platforms, Digital Client Experience & Platforms, Workplace Platforms, Automation & Workflow, Digital Trading & Investing, Generative AI, UX Design & Research, Strategy & Execution, WM Platforms Risk, and the Chief Operating Office.

The Wealth Management GenAI Team is a dynamic and innovative department that serves as a center of AI enablement across Wealth Management. The team is responsible for deploying advanced tools, platforms, and solutions that utilize generative artificial intelligence to optimize business processes. We oversee content creation, management, and governance to ensure the highest content quality for our AI system to utilize. The team is committed to fostering a culture of continuous learning and evolution in this rapidly changing space.

Position Summary

Provide high-impact administrative and governance support to the WM GenAI team, ensuring efficient meeting operations, accurate documentation, and consistent stakeholder communication. Your role coordinates complex calendars and meeting logistics, prepares agendas and materials, captures and distributes minutes and action items, and maintains committee artifacts (templates, charters, version control) to support ample governance and compliance. The WMAI Governance Associate will work with minimal supervision in a fast-paced environment, the position supports attestations and documentation completeness for low-risk use cases while partnering across internal teams to keep processes running smoothly.

What you'll do in the role:

• Provide administrative support to the WM GenAI LCR team and the WM GenAI PRC, including ad hoc tasks such as preparing agendas, compiling reports and coordinating with internal teams, ensuring smooth operations and effective communication.

• Scheduling: Assist with scheduling meetings and coordinating calendars for the WM GenAI team and the WM GenAI PRC as well as sending calendar invites and ensuring all required participants are informed.

• Documentation: Ensure and organize meeting documentation including documenting meeting minutes, ensuring accurate record-keeping, and distributing summaries to stakeholders and appropriate committees. Organize and maintain committee documentation, including templates, charters, and version control logs.

• Attendance Tracking: Monitor and record committee member attendance for governance and compliance purposes.

• Presentation Support: Update and maintain PowerPoint decks for committee meetings and related presentations.

• Site Management: Update, maintain, and manage WM GenAI sites including maintaining the Jive site with current information and resources for team members.

• Compliance Support: Ensure adherence to governance processes and assist in collecting attestations and ensuring documentation completeness for low-risk use cases.

• Guidance and Direction: Work under minimal guidance and direction to ensure tasks are completed efficiently and effectively.

What you'll bring to the role:

• 2-4 years experience in risk or related function, preferably dealing with AI and emerging technologies.

• Experience at a financial services institution preferred.

• Bachelor’s degree in a relevant field.

• Considerable organizational, time-management, and administrative skills.

• Excellent communication and interpersonal skills.

• Proficiency in MS Office suite, including PowerPoint, Excel, and Word.

• Ability to work in a fast-paced environment and manage multiple tasks effectively.

• Awareness/commercial experience with AI technologies.

• Familiarity with SharePoint and/or Jive site administration.

• Understanding of governance processes.

• Experience with common Morgan Stanley project management tools (i.e. MCS, TAI, iShield) and software.

#LI-NB1 #BPDBA #LI-hybrid

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.

Certified Persons Regulatory Requirements:
If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.

Flexible work statement
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.

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.

We're seeking someone to join our team as a Vice President, Artificial Intelligence Compliance Officer in Wealth Management Compliance to provide second-line oversight, advisory support, and governance for Artificial Intelligence initiatives, including Generative AI, partnering closely with senior business, legal, risk, and technology stakeholders to enable responsible innovation while meeting regulatory and firm requirements.

In the Legal & Compliance division, we assist the Firm in achieving its business objectives by facilitating and overseeing the Firm's management of legal, regulatory and franchise risk. This is a Vice President level position within the Innovation, Platforms and Communications Compliance team, which is responsible for providing compliance advice, governance, and oversight for analytics, data, artificial intelligence, generative AI, and platforms activities within Wealth Management.

Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.

What you'll do in the role:

> Advise Wealth Management Generative AI and Platforms teams on AI governance, strategy, data usage, and oversight requirements.
> Review Artificial Intelligence and Machine Learning models and Generative AI, to assess compliance with regulatory rules related to Artificial Intelligence, Consumer Protection, Standards of Care, and Communications with the Public.
> Assess AI against heightened risk considerations, including conflicts of interest, and recommend appropriate controls and mitigations.
> Establish and support ongoing monitoring and testing controls in coordination with Compliance Monitoring and Testing teams.
> Collaborate with Policy and Training teams to draft, implement, and maintain compliance policies and training governing the use of AI technologies.
> Participate in Wealth Management, Firmwide, and Compliance governance committees and forums.
> Prepare management reporting, metrics, and dashboards to inform senior management of key initiatives, risks, and control effectiveness.
> Support regulatory inquiries, internal audits, and examinations (e.g., SEC, FINRA, Internal Audit), including remediation and post-exam action plans.

What you'll bring to the role:?

> Ability to provide compliance advisory support in a second line of defense role for platforms artificial intelligence, and Generative AI initiatives.
> Understanding of regulatory requirements, industry standards, and firm policies related to Artificial Intelligence, predictive analytics, and communications with the public.
> Experience reviewing and assessing traditional Artificial Intelligence, Generative AI and Large Language Models.
> Experience collaborating with business, legal, risk, technology, and model risk management stakeholders.
> Strong analytical, organizational, and attention-to-detail skills, with the ability to manage multiple priorities in a fast-paced environment.
> Demonstrate capacity to work independently and make informed decisions.
> Bachelor's degree in Business, Computer Science, Engineering, Statistics, Mathematics, Risk Management, or a related field.

Typically, 8+ years' relevant experience would generally be expected to find the skills required for this role
 

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.

TEXAS
Expected base pay rates for the role will be between $108,000.00 and $185,000.00 per 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.

MARYLAND

Salary range for the position: $95,000 and $165,000 per year The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings.

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).

Executive Opportunity: Budapest Head of Model Risk Management

Are you prepared to lead at the forefront of model risk management in a dynamic financial landscape? We are seeking a seasoned executive to assume the role of Budapest Head of Model Risk Management. This pivotal position involves steering the strategic direction and governance of our model risk frameworks, ensuring robust risk management practices that align with our organizational goals and regulatory standards.

We operate in international markets, giving you the chance to work alongside respected professionals in major cities such as New York, London, and Hong Kong. In this role, you will become part of the senior leadership team and help coordinate efforts with peers and top leaders at core locations.

Key Responsibilities:

1. Strategic Leadership & Framework Execution

• Executive Vision: Craft and communicate a strategic vision for model risk management that aligns with our corporate objectives and regulatory mandates.

• Framework Oversight: Direct implementation of comprehensive model risk management frameworks, policies, and procedures to effectively identify, assess, and mitigate risks.

• Regulatory Alignment: Ensure proactive compliance with evolving regulatory standards, maintaining a forward-looking approach to regulatory changes.

• Stakeholder Collaboration: Engage with key stakeholders, including business leaders, risk management teams, and regulators, to ensure alignment and transparency in model risk practices.

2. Team Leadership & Development

• Leadership Excellence: Lead and mentor a team of model risk professionals, fostering a culture of excellence, collaboration, and continuous development.

• Talent Strategy: Develop and execute a talent strategy to attract, develop, and retain top-tier model risk management expertise.

• Organizational Learning: Promote a culture of knowledge sharing and best practices to enhance model risk awareness and capabilities across the organization.

3. Model Validation & Risk Assessment

• Validation Leadership: Oversee the validation and review of models across the enterprise, ensuring their accuracy, reliability, and robustness.

• Risk Mitigation: Lead comprehensive risk assessments to identify potential model risks and implement strategic controls and mitigation measures.

• Process Enhancement: Champion continuous improvement initiatives to refine model validation processes and methodologies.

4. Governance & Reporting

• Governance Leadership: Establish and maintain robust governance structures for model risk management, ensuring accountability and effective decision-making.

• Executive Reporting: Deliver insightful reports and updates to senior leadership and relevant committees on model risk exposures, trends, and mitigation strategies.

Skills & Competencies:

• Experience: Over 15 years of experience in model risk management, quantitative analysis, or related fields, with a proven track record in executive leadership.

• Leadership Prowess: Exceptional leadership and team management skills, with the ability to inspire and drive a high-performing team.

• Communication Mastery: Superior communication and interpersonal skills, with the ability to engage and influence stakeholders at the highest levels.

• Technical Acumen: Deep expertise in model development, validation, and risk assessment methodologies.

• Regulatory Insight: Comprehensive knowledge of regulatory requirements and industry best practices in model risk management.

#LI-HYBRID

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.

Certified Persons Regulatory Requirements:
If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.

Flexible work statement
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.

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.

We are seeking professionals to join the Equities Derivative Pricing Model Validation team in the Budapest office, either at junior or at experienced level.

Morgan Stanley’s Model Risk Management group is part of the Global Firm Risk Management (FRM) department of Morgan Stanley and it has global responsibility for the independent risk control, review and validation of models used by Morgan Stanley. These include pricing models for derivatives in all asset classes, as well as models used for counterparty credit risk (CVA), market risk, credit risk, operational risk, wealth management products, and capital and liquidity stress tests. In addition to traditional methodologies, MRM also reviews AI and ML models, and GenAI solutions. MRM professionals in New York, London, Budapest, Frankfurt, Mumbai and Tokyo work closely with business, capital, risk analytics, risk managers and financial controllers. The Budapest team works closely with other members of the Model Risk Management group across all asset classes globally.

Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.

What you'll do in the role:

• Perform model validation of complex and state-of-the-art pricing models used by the Equities Trading Business used for daily valuation and risk management of trading positions

• Assess if the models are conceptually sound, fit for purpose, whether the model assumptions and limitations are identified and adequately controlled

• Ensure that model testing performed by model developers is appropriate and sufficient and the model documentation is adequate

• Perform independent model testing and ensure that adequate model performance monitoring is performed

• Identify potential model-related risks and escalate to management

• Work closely with model developers, market risk managers and valuation controllers to understand the models and the business context in which the models need to perform appropriately, and provide effective challenges to make sure models are fit for purpose

• Summarize the model validation process and outcome in writing in the model validation report

• Conduct on-demand analyses of model performance and model risks

• Work as part of a global team with colleagues based in London and New York

What you'll bring to the role:

• MSc or PhD in a STEM area or Finance

• Strong quantitative background, familiarity with stochastic calculus

• 2-4 years of experience in a relevant area relating to derivative pricing models

• Experience in Equities pricing models is a plus

• Genuine and broad interest in financial markets

• Internal drive to effectively challenge and improve models with a quantitative and practical mindset

• Clear thinking, good business sense and judgment

• Strong interpersonal and communication skills, proactive and collaborative attitude

• Experience in coding in a high-level language such as Python is a plus

#LI-JL1 #LI-hybrid #BPMM

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.

Certified Persons Regulatory Requirements:
If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.

Flexible work statement
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.

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.

Model Risk Management, Software & Infrastructure Lead, Vice President
London
JR030733

The role will reside within the Firm Risk Management's Model Risk Management (MRM) Department which is a team responsible for the Firm's management of risks related to the implementation and use of models and tools, covering all aspects of the Firm's businesses and implementing key regulatory requirements. This position is with the Efficiency Evolution Team, which is responsible for coordinating various Fleet activities related to infrastructure and adoption of AI solutions to generate efficiencies.

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, operational, model and other risks.

About Morgan Stanley 
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. 

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. We 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.

What will you be doing?
•    Prototype, evaluate, and iterate on new tools, workflows, and process improvements to optimize the end-to-end model validation lifecycle, with a focus on efficiency, reproducibility, and control readiness.
•    Design, develop, automatically test, and maintain production quality Python applications that support validation execution, evidence capture, reporting, and independent testing activities.
•    Build and distribute well documented internal Python packages (e.g., reusable libraries, CLI tools, and developer tooling), including versioning, release notes, and backward compatibility practices to support department wide adoption.
•    Partner closely with stakeholders (e.g., model reviewers/validators and related risk partners) to gather requirements, translate pain points into scalable solutions, and deliver tools that improve day-to-day effectiveness and turnaround times.
•    Establish and maintain automated quality controls (e.g., unit and integration tests, CI checks, static analysis) to improve reliability and reduce operational risk across the codebase.
•    Contribute to and uphold engineering standards for the team, including coding conventions, documentation expectations, testing strategies, and packaging/release patterns, to improve consistency and maintainability across tools.

What we’re looking for:
•    Bachelor's or higher degree in Computer Science or a related field.
•    5+ years of software development experience.
•    Extensive experience with Python, Git, and Linux.
•    Extensive experience with data management, analytics, and visualization.
•    Proven track record of developing Python packages with appropriate documentation and test suites.
•    Proven track record of developing robust Continuous Integration and Continuous Development pipelines.
•    Strong background in Machine Learning and Statistics, ideally in the Banking/Finance industry.
•    Experience with RDBMS and other types of database management systems.
•    The ability to effectively communicate with a wide range of stakeholders, both written and verbally.
•    Strong attention to detail and ability to provide information in usable formats (proficiency in Microsoft office, including Excel, PowerPoint and Word).

Skills that will help you in the role:
•    Ability to work independently in a self-directed way in a collaborative environment.
•    An interest in working in a fast-paced environment, often balancing multiple high priority deliverables.

Where will you be working?
This role is based at 20 Bank Street, London.

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.

Certified Persons Regulatory Requirements:
If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.

Flexible work statement
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.

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.

We’re seeking strong candidate to be a member of the MRM team in Mumbai, focused on the review, validation and risk assessment of Risk & Capital Models primarily focussed on regulatory stress testing Scenario Design models.

In the Firm Risk Management division, we advise businesses across the Firm on risk mitigation strategies, develop tools to analyse and monitor risks and lead key regulatory initiatives.

Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.

What you’ll do in the role:

• Provide independent review and validation compliant with MRM policies and procedures, regulatory guidance and industry leading practices, including evaluating conceptual soundness, quality of model / tool methodology, model / tool limitations, data quality, and on-going monitoring of model/ tool performance

• Take initiatives and responsibility of end-to-end delivery of a stream of Model / Tool Validation and related Risk Management deliverables

• Write Model / Tool Review findings in validation documents that could be used for presentations both internally (tool developers, business unit managers, Audit, various global Committees) as well as externally (Regulators)

• Verbally communicate results and debate issues, challenges and methodologies with internal audiences including senior management

• Represent MRM team in interactions with regulatory and audit agencies as and when required

• Follow financial markets & business trends on a frequent basis to enhance the quality of Model / Tool Validation and related Risk Management deliverables.

What you’ll bring to the role:

• Masters or Doctorate degree in a quantitative discipline such as Statistics, Mathematics, Physics, Computer Science or Engineering is essential

• Experience in a Quant role in validation or development of regulatory stress testing Scenario Design models or Econometric models or in a technical role in Financial institutions e.g. Developer, is preferred

• Strong written & verbal communication skills including debating different viewpoints and making formal presentations of complex topics to a wider audience is preferred

• 6-9 years of relevant work experience in a Model / Tool Validation role in a bank or financial institution

• Proficient programmer in Python ; knowledge of other programming languages like R, Scala, MATLAB etc. is preferred

• Willingness to learn new and complex topics and adapt oneself (continuous learning) is preferred

• Working knowledge of statistical techniques, quantitative finance and programming is essential; good understanding of various complex financial instruments is preferred

• Knowledge of Basel Regulations and various Regulatory Exams (CCAR, ICAAP etc) is preferred

• Relevant professional certifications like CQF, CFA or progress made towards it are preferred

• Desire to work in a dynamic, team-oriented, fast-paced environment focusing on challenging tasks mixing fundamental, quantitative, and market-oriented knowledge and skills is essential

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.

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.

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.

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).

Model Risk Management (IRB), Vice President
London
JR025999

This role resides within Firm Risk Management's Model Risk Management Department which provides independent model risk control, review and validation of models used by Morgan Stanley. These include derivative pricing models utilized across product areas, including interest rates, currencies, commodities, equities, credit, and securitized products. This is in addition to oversight of models used to monitor counterparty credit risk (CVA/IMM), credit risk (IRB), market risk (IMA), operational risk, capital and liquidity stress tests.

Model Risk Management (MRM) professionals in New York, London, Budapest, Frankfurt, Mumbai and Tokyo work closely with business quantitative strategists, risk analytics, risk managers and financial controllers. The London team works collaboratively with members of Model Risk Management across all model areas globally.

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, operational, model and other risks.

About Morgan Stanley 
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. 

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. We 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.

What will you be doing?
•    Conduct model validation for Internal-Risk-Based (IRB) models, predominantly wholesale IRB, by challenging model assumptions, mathematical formulation, and implementation
•    Conduct independent testing to assess model accuracy and robustness under different scenarios and market conditions
•    Assess and quantify model risks due to model limitations and develop compensating controls
•    Develop high-quality validation reports highlighting risks and limitations of models and communicate findings to stakeholders, senior management.
•    Collaborate with Global MRM teams, Developers, Model Control Officers, Credit and Capital Teams and Risk Managers to manage model risk across the model lifecycle
•    Cultivate and manage effective relationships with regulators by providing accurate and timely submissions
•    Manage a team of reviewers and/or IRB-specific projects

What we’re looking for:
•    Master's or Ph.D. degree (or equivalent) in Finance, Economics, Mathematics, Physics, Engineering, or a related quantitative field
•    In-depth knowledge of mathematical finance or Statistics and numerical techniques
•    Minimum of 5 years of relevant model risk management and/or quantitative modelling experience
•    Experience with IRB models wholesale, retail and securitization gained at a financial institution (preferred)
•    Understanding and ideally working knowledge on Internal-Based Rating (IRB) models such as PD, LGD, EAD, Stress testing, IFRS9
•    Experience of developing risk models using Python and R

Skills that will help you in the role:
•    An interest in working in a fast-paced environment, often balancing multiple high priority deliverables
•    The ability to communicate effectively with a wide range of stakeholders, both written and verbally

Where will you be working?
This role is based in 20 Bank Street, London.

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.

Certified Persons Regulatory Requirements:
If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.

Flexible work statement
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.

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.

We’re seeking a strong candidate to be a member of the MRM team in Mumbai, focused on the review, validation and risk assessment of Non-Financial Risk Models with a focus on financial crime models.

In the Firm Risk Management division, we advise businesses across the Firm on risk mitigation strategies, develop tools to analyse and monitor risks and lead key regulatory initiatives.

Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.

What you’ll do in the role:

• Provide independent review and validation compliant with MRM policies and procedures, regulatory guidance and industry leading practices, including evaluating conceptual soundness, quality of model methodology, model limitations, data quality, and on-going monitoring of model performance

• Take initiatives and responsibility of end-to-end delivery of a stream of Model Validation and related Model Risk Management deliverables

• Write Model findings in validation documents that could be used for presentations both internally (model developers, business unit managers, Audit, various global Committees) as well as externally (Regulators)

• Verbally communicate results and debate issues, challenges and methodologies with internal audiences including senior management

• Represent MRM team in interactions with regulatory and audit agencies as and when required

• Follow financial markets & business trends on a frequent basis to enhance the quality of Model Validation and related Risk Management deliverables.

What you’ll bring to the role:

• Masters or Doctorate degree in a quantitative discipline such as Statistics, Mathematics, Physics, Computer Science or Engineering is essential

• Experience in a Quant role in validation of Models, in developments of Models or in a technical role in Financial institutions is essential

• Rich experience with the Financial Crime Models – including models for Fraud detection, Anti-money laundering, etc.

• 3+ years of relevant work experience in a Model Validation role in a bank or financial institution.

• Proficient programmer in Python ; knowledge of other programming languages like R, Sql, MATLAB etc. is good to have

• Willingness to learn new and complex topics and adapt oneself (continuous learning) is preferred

• Working knowledge of statistical techniques, quantitative finance and programming is essential; good

• understanding of various complex financial instruments is preferred

• Knowledge of popular machine learning techniques is preferred

• Desire to work in a dynamic, team-oriented, fast-paced environment focusing on challenging tasks mixing fundamental, quantitative, and market-oriented knowledge and skills is essential

• Strong written & verbal communication skills including debating different viewpoints and making formal presentations of complex topics to a wider audience is preferred

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.

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.

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.

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).