What are the responsibilities and job description for the ISG, Model Risk Governance - Associate position at Morgan Stanley?
The ISG Cross-Divisional Governance group within ISG Management is a 1st line team responsible for governing the Global Model Control, Trader Mandate, Booking Model, and Trading Risk Limit Governance functions within Morgan Stanley.
These in-business risk management teams partner with internal and external control groups to understand business needs and their associated risks, execute on practical solutions, and maintain a global governance, communication, and awareness strategy that underscores a culture of control excellence.
Our team has a global presence with members located in New York, London, Budapest, Montreal, and Hong Kong.
Primary Responsibilities:
This specific role is part of the Decision Support Model Team focused on governance and oversight. The candidate will be expected to undertake a wide range of duties, often having to manage multiple tasks with frequent changes to priorities.
The primary responsibilities include supporting the daily activities and initiatives of the group, such as:
- Monitoring compliance with established policies and procedures, investigating and escalating issues and assisting with their resolution
- Producing and developing key metrics and reports for internal and external stakeholders
- Monitoring the progress of the model remediation program
- Working closely with key stakeholders in the implementation of procedures ensuring consistency of framework across all business units
- Assisting the team with ad-hoc projects to meet expanding requirements and in validating applicability of proposed solutions
- Identifying opportunities for improvements of existing governance framework and participate in projects to enhance processes
- 4 years of relevant industry experience (includes consulting)
- Excellent communication and interpersonal skills, confidence to present to senior management, ability to balance various initiatives and deadlines simultaneously
- Ability to communicate effectively, verbally and in writing, with business and technology stakeholders
- Sound analytical and critical thinking skills to solve problems independently
- Sensitivity to detail and accuracy in everyday work
- Initiative and ability to facilitate communication within and across different functions
- A proven track record with delivering solutions in a timely and accurate manner
- Proficiency with desktop applications (Microsoft PowerPoint, Excel, Word)
- Minimum education requirement is a bachelor's degree
Expected base pay rate for the role will be between $85,000 and $140,000, 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).
