Model Risk - Risk Process Validation Group, Analyst, Firm Risk Management

We’re seeking someone to join our team as an Analyst in Risk Process Validation Group (RPVG) team

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:

• 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

• Bachelors 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 in data analytics, data visualization, or process automation;

• Strong risk, process, and control validation/testing, and assessment skills;

• Strong communication and analytical skills

• A commitment to teamwork;

• Ability to prioritize and manage multiple competing objectives.

What you’ll bring to the role:

• 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);

• Minimum of 6 months of relevant industry 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);

• 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;

• 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, VBA, Python and/or other programming languages; advanced Excel knowledge;

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