Job Type
Job Details
Firm Risk Management
Morgan Stanley's 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.
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Risk Process Validation Group
Morgan Stanley’s Model Risk Management (MRM) department resides within FRM. The Risk Process Validation Group (RPVG) is an independent validation function within MRM. RPVG is responsible for independently assessing selected controls and processes related to Market, Credit, Liquidity, Capital and Data Risk.
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Responsibilities
- Lead teams to perform independent validations of selected FRM processes and controlsÌý
- Design the annual validation plan using a risk-based prioritizationÌý
- Manage and supervise validation and continuous monitoring activities, provide review and challenge to all phases of the validations
- Engage with key stakeholders and governing bodies during the validation process, partner with other independent validation teams
- Present validation plans, issues and observations to senior management and relevant management committees
- Evolve and enhance the validation methodology and execution capabilities focusing on effectiveness and efficiency
- Manage, coach and develop local team members
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Qualifications
- Bachelor's or higher degree in Finance, Economics, Computer Science, or other business or risk management related areas
- 10+ years of experience from consulting, risk management, or internal auditÌý
- Experience in process, control and data validation; understanding of data lineage and database schema
- Strong understanding of the banking regulatory environment (e.g., CCAR, Basel III, BCBS 239)Ìý
- Experience with core banking, investment and trading products
- (Preferred) Knowledge and experience with data analytics and data visualization tools and systemsÌý
Skills
- Ability to successfully lead and manage teams and collaborate with global teams
- Ability to develop partnerships across functions and geographies
- Strong risk, process and control validation/testing and assessment mindset
- Strong communicator with good interpersonal skills
- Pragmatic problem solver and forward thinker
- Ability to prioritize and manage multiple competing objectives
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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).
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.
Expected base pay rates for the role will be between $120,000 and $205,000 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.
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).

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