Model Risk PPNR (Risk Management) Job Level Analyst
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Job Location:
New York City, NY - USA
Yearly Salary:
$ 75000 - 95000
Posted on:
8 hours ago
Vacancies:
1 Vacancy
Job Summary
Morgan Stanleys Firm Risk Management (FRM) Division is an exciting and rapidly growing space. We support 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.
Responsibilities
- Perform independent review and model validation for the firms Pre-Provision Net Revenue (PPNR) models compliant with Model Risk Management policies and procedures regulatory guidance and industry leading practices.
- Develop challenger model methodologies for the official production models.
- Write comprehensive validation documentation for models validated.
- Effectively communicate model validation conclusions to senior management and relevant stakeholders.
- Represent Model Risk Management team in interactions with regulatory agencies.
Requirements
- 0-2 years in relevant risk management experience including model risk management and risks analytics preferred
- Masters or Doctorate degree in a quantitative discipline such as Statistics Mathematics Physics Computer Science or Engineering is preferred
- Working knowledge of statistical techniques quantitative finance and programming is essential; good understanding of various complex financial instruments is preferred.
- Prior experience with developing or validating models is a plus.
- Expertise in PPNR Models.
- Prior experience with fixed income products (for example securitized products rates and corporate credit) is a plus.
- Prior experience with the treasury investment portfolio is a plus.
- Strong written and verbal communication critical thinking problem solving and team collaboration skills.
- Familiarity with coding languages (R and Python preferred).
- Familiarity with regulatory requirements e.g. Comprehensive Capital Analysis and review (CCAR) Internal capital adequacy assessment processes (ICAAP) and regulators such as Fed Office of the Comptroller of the Currency (OCC) Property Reserve Analysis (PRA) European Banking Authority (EBA) is desired
- Desire to work in a dynamic team-oriented environment focusing on challenging tasks mixing fundamental quantitative and market-oriented knowledge and skills 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 thats differentiated and weve 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 - arent just beliefs they guide the decisions we make every day to do whats best for our clients communities and more than 80000 employees in 1200 offices across 42 countries. At Morgan Stanley youll 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. Theres also ample opportunity to move about the business for those who show passion and grit in their work.
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Morgan Stanleys 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).
Required Experience:
IC
Key Skills
- ISO 27001
- Microsoft Access
- Risk Management
- Financial Services
- PCI
- Risk Analysis
- Analysis Skills
- COBIT
- NIST Standards
- SOX
- Information Security
- Data Analysis Skills
About Company
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1, ... View more
