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- Tasks: Engage in model risk governance, reporting, and validation activities while collaborating with various stakeholders.
- Company: Morgan Stanley is a leading global financial services firm known for investment banking and wealth management.
- Benefits: Enjoy flexible working arrangements, comprehensive employee perks, and opportunities for career growth.
- Why this job: Join a dynamic team where your ideas matter and contribute to impactful risk management initiatives.
- Qualifications: Master's or Ph.D. in relevant fields with experience in model validation or governance required.
- Other info: This role is based in London and offers a supportive, inclusive work environment.
The predicted salary is between 28000 - 42000 £ per year.
Join to apply for the Risk Management, Model Risk Management, Associate role at Morgan Stanley
Join to apply for the Risk Management, Model Risk Management, Associate role at Morgan Stanley
Risk Management, Model Risk Management, Associate
London
JR014131
The role will reside within the Firm Risk Management\’s Model Risk Management Department. Model Risk is the risk of adverse consequences resulting from decisions based on incorrect or misused models & Tools (Tools are quantitative methods and calculations with outcomes that are generated by deterministic rules or algorithms). Model Risk Management is a second line function that is responsible for the independent review and challenge of models & Tools and ensures compliance with standards (e.g., SR 11-7, PRA SS 1/23)
Risk Management, Model Risk Management, Associate
London
JR014131
The role will reside within the Firm Risk Management\’s Model Risk Management Department. Model Risk is the risk of adverse consequences resulting from decisions based on incorrect or misused models & Tools (Tools are quantitative methods and calculations with outcomes that are generated by deterministic rules or algorithms). Model Risk Management is a second line function that is responsible for the independent review and challenge of models & Tools and ensures compliance with standards (e.g., SR 11-7, PRA SS 1/23)
This position offers the candidate a unique opportunity to engage in MRM related governance, reporting and validation activities for Tools, with close interactions across numerous stakeholders within Business and Control functions, reporting directly to the Global Head of Tool Oversight (located in London).
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?
- Assist the MRM Global Head of Tool Oversight in the review & challenge of inventory and risk rank consistency as well as the execution of validation work for Tools
- Collaborate with Global MRM teams & Model Control Officers to ensure consistent interpretation of relevant Policies & Procedures
- Pro-actively identify key model risk management framework enhancements related to Tools
- Partner with a wide range of stakeholders across the Firm on governance and framework initiatives related to Tools
- Support the preparation of materials for specific legal entities and committees.
What We’re Looking For
- Master\’s or Ph.D. degree in Finance, Economics, Computer Science, Mathematics, Engineering or other business or risk management related areas
- Experience from financial institution or consulting firm in model validation (or other analytical function) or model governance
- Experience with/understanding of core model risk management regulations (specifically FRB SR 11-7 and PRA SS1/23) and related governance requirements
- The ability to effectively communicate with a wide range of stakeholders, both written and verbally
Skills That Will Help You In The Role
- An interest in working in a fast-paced environment, often balancing multiple high priority deliverables
- Confidence and ability to take ideas forward and to challenge others, where appropriate
- Detail oriented with strong organizational skills
Where will you be working?
This role is based in 20 Bank Street, London.
What You Can Expect From Morgan Stanley
We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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.
Certified Persons Regulatory Requirements
If t his 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.
Seniority level
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Seniority level
Mid-Senior level
Employment type
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Employment type
Full-time
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Job function
General Business, Management, and Business Development
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Risk Management, Model Risk Management, Associate employer: Morgan Stanley
Contact Detail:
Morgan Stanley Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk Management, Model Risk Management, Associate
✨Tip Number 1
Familiarise yourself with the key regulations mentioned in the job description, such as FRB SR 11-7 and PRA SS1/23. Understanding these will not only help you in interviews but also demonstrate your commitment to compliance and governance in model risk management.
✨Tip Number 2
Network with professionals already working in model risk management or related fields. Attend industry events or webinars to connect with potential colleagues at Morgan Stanley, which could give you insights into the company culture and expectations.
✨Tip Number 3
Prepare to discuss specific examples of your experience in model validation or governance during the interview. Highlighting your analytical skills and how you've successfully navigated similar challenges will set you apart from other candidates.
✨Tip Number 4
Showcase your ability to communicate effectively with diverse stakeholders. Practice articulating complex concepts in a clear and concise manner, as this is crucial for collaborating with various teams within Morgan Stanley.
We think you need these skills to ace Risk Management, Model Risk Management, Associate
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Risk Management, Model Risk Management, Associate position. Tailor your application to highlight relevant experiences and skills that align with the job description.
Highlight Relevant Experience: In your CV and cover letter, emphasise any experience you have in model validation, risk management, or related analytical functions. Be specific about your contributions and the impact of your work in previous roles.
Showcase Your Skills: Morgan Stanley values strong communication and organisational skills. Provide examples in your application that demonstrate your ability to communicate effectively with stakeholders and manage multiple priorities in a fast-paced environment.
Tailor Your Cover Letter: Craft a compelling cover letter that not only reflects your enthusiasm for the role but also addresses how your background and skills make you a perfect fit for the Model Risk Management team. Mention specific regulations or frameworks you are familiar with, such as FRB SR 11-7 and PRA SS1/23.
How to prepare for a job interview at Morgan Stanley
✨Understand Model Risk Management
Make sure you have a solid grasp of what Model Risk Management entails, especially the regulations like FRB SR 11-7 and PRA SS1/23. Being able to discuss these frameworks confidently will show your understanding of the role's requirements.
✨Prepare for Technical Questions
Expect technical questions related to model validation and governance. Brush up on quantitative methods and be ready to explain how you've applied them in previous roles or projects.
✨Showcase Your Communication Skills
Since the role involves collaboration with various stakeholders, demonstrate your ability to communicate complex ideas clearly. Prepare examples of how you've effectively communicated in past experiences.
✨Highlight Your Detail Orientation
Attention to detail is crucial in risk management. Be prepared to discuss instances where your organisational skills and meticulousness have led to successful outcomes in your work.
