Vice President Quantitative Analytics Group (Model Risk Audit)

Region: Global

Location: New York NY (Hybrid 4x per week in office)

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking securities investment management and wealth management services. The Firms employees serve clients worldwide including corporations governments and individuals from more than 1200 offices in 43 countries.

We are seeking a highly skilled and experienced individual to join our team as a Vice President responsible for providing audit coverage for the Quantitative Analytics Group (Model Risk Audit).

The Internal Audit Division (IAD) drives attention and resources to vulnerabilities by providing an independent and well-informed view and impactful messages about the most important risks facing our Firm. This is accomplished by performing a range of assurance activities to independently assess the quality and effectiveness of Morgan Stanleys system of internal control including risk management and governance systems and processes. IAD serves as an objective and independent function within the Firms risk management framework to foster continual improvement of risk management processes. This is a Vice President level position within the Technical Specialist job family which is responsible for providing extensive subject matter expertise and reinforcing the ability of business and technology audit teams to appropriately assess model risk and model risk management and determine and execute coverage.

What youll do in the role:
- Formulate and lead a wide range of assurance activities to assess model risks within coverage area and the state of controls in place to mitigate them

- Audit the model development and validation processes (e.g. review of conceptual soundness diagnostic testing implementation and ongoing monitoring) of valuation risk capital and liquidity models used for management of Asset Liability Management and Interest Rate Risk in the Banking Book

- Review and challenge work performed by issue owners to remediate internal and external issues related to model risk - Proactively identify risk and emerging risk and factor into model risk assessment and assurance coverage
- Articulate actionable insights to model developers and Model Risk Management regarding criticality and impact of model risks to the business in order to provide sound oversight and guidance on appropriate model usage and limitations

- Document all work performed in a concise and repeatable manner
- Effectively partner with colleagues and stakeholders globally to drive effective working relationships
- Align projects and initiatives with department and coverage area priorities and oversee teams execution of deliverables in accordance with audit methodology and quality standards

What youll bring to the role:
- Advanced knowledge of Anti-Money Laundering and Asset Liability Management (ALM) and Interest Rate Risk in the Banking Book (IRRBB)

- Experience in model development and validation and/or audit across ALM and IRRBB models

- Strong knowledge of regulatory expectations model risk governance and financial risk management practices
- Strong understanding of audit principles methodology tools and processes (e.g. risk assessments planning testing reporting and continuous monitoring)
- Ability to articulate risk and impact clearly and succinctly to different audiences
- Effective change and project management techniques and ability to support teams in adapting new ways of working
- Ability to leverage and analyze data to inform focus and views on risk
- Ability to coach and mentor others and create an inclusive work environment for team
- Masters or PhD in Mathematics Financial Engineering Quantitative Finance or hard sciences (e.g. Physics)

- Excellent written and verbal communication skills and strong analytical and problem-solving skills

- Strong interpersonal skills to interact effectively with internal and external stakeholders
- At least 6 years relevant experience would generally be expected to find the skills required for this role

- Relevant certifications (e.g. CIA FRM CRMA etc.) 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).