What are the responsibilities and job description for the Model Risk (Risk Management) : Job Level - Associate position at Morgan Stanley?
Morgan Stanley
Financial Crime & Fraud Analytics, Model Risk - Associate
Profile Description
We're seeking someone to join our team as (Associate - Financial Crime & Fraud Analytics) in (Model Risk) division.
Firm Risk Management
In the Firm Risk Management division, we advise businesses across the Firm on risk mitigation strategies, develop tools to analyze and monitor risks and lead key regulatory initiatives.
Company Profile
Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions, and individuals around the world achieve their financial goals.
At Morgan Stanley India, we support the Firm's global businesses, with critical presence across Institutional Securities, Wealth Management, and Investment management, as well as in the Firm's infrastructure functions of Technology, Operations, Finance, Risk Management, Legal and Corporate & Enterprise Services. Morgan Stanley has been rooted in India since 1993, with campuses in both Mumbai and Bengaluru. We empower our multi-faceted and talented teams to advance their careers and make a global impact on the business. For those who show passion and grit in their work, there's ample opportunity to move across the businesses for those who show passion and grit in their work.
Interested in joining a team that's eager to create, innovate and make an impact on the world?
Primary Responsibilities
What you'll do in the role:
> Provide independent review and validation compliant with Model Risk Management policies and procedures, regulatory guidance and industry leading practices, including evaluating conceptual soundness, quality of modeling methodology, model limitations, data quality, and on-going monitoring for models
> Take initiatives and responsibility of end-to-end delivery of a stream of Model Risk Management related deliverables
> Follow financial markets & business trends on a frequent basis to enhance the quality of Model Risk Management.
> Write Model Risk Management findings in validation documents that could be used for presentations both internally (model developers, business unit managers) as well as externally (regulators).
> Verbally communicate results and debate issues, challenges and methodologies with internal audiences including senior management
Qualifications Skills Required (essential / Preferred)
> Represent Model Risk Management team in interactions with regulatory and audit agencies as required What you'll bring to the role:
> Masters or Doctorate degree in a quantitative discipline such as Statistics, Mathematics, Physics or Engineering
> Experience in a Quant role in Model Risk
> 6 years of relevant work experience in a Model Risk Quant role in a bank or financial institution
> Good understanding of financial instruments
> Knowledge of popular machine learning techniques
> Proficient programmer in Python
> Relevant professional certifications like CQF, CFA or progress made towards it are preferred
> Strong written & verbal communication skills including debating issues and making formal presentations
> Desire to work in a dynamic, team-oriented, fast-paced environment focusing on challenging tasks mixing fundamental, quantitative and market-oriented knowledge and skills.
Skills Preferred
> Data science, Machine Learning / Deep Learning
> Experience working with data visualization packages in Python
>Sound understanding of the key concepts of Deep Learning (DL) and experience of applying relevant DL techniques in large datasets
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 85 years. At our foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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.
We're committed to bringing passion and customer focus to the business.
Salary range for the position: $65,000 - $95,000 Yr. The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and X Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings.
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).
Financial Crime & Fraud Analytics, Model Risk - Associate
Profile Description
We're seeking someone to join our team as (Associate - Financial Crime & Fraud Analytics) in (Model Risk) division.
Firm Risk Management
In the Firm Risk Management division, we advise businesses across the Firm on risk mitigation strategies, develop tools to analyze and monitor risks and lead key regulatory initiatives.
Company Profile
Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions, and individuals around the world achieve their financial goals.
At Morgan Stanley India, we support the Firm's global businesses, with critical presence across Institutional Securities, Wealth Management, and Investment management, as well as in the Firm's infrastructure functions of Technology, Operations, Finance, Risk Management, Legal and Corporate & Enterprise Services. Morgan Stanley has been rooted in India since 1993, with campuses in both Mumbai and Bengaluru. We empower our multi-faceted and talented teams to advance their careers and make a global impact on the business. For those who show passion and grit in their work, there's ample opportunity to move across the businesses for those who show passion and grit in their work.
Interested in joining a team that's eager to create, innovate and make an impact on the world?
Primary Responsibilities
What you'll do in the role:
> Provide independent review and validation compliant with Model Risk Management policies and procedures, regulatory guidance and industry leading practices, including evaluating conceptual soundness, quality of modeling methodology, model limitations, data quality, and on-going monitoring for models
> Take initiatives and responsibility of end-to-end delivery of a stream of Model Risk Management related deliverables
> Follow financial markets & business trends on a frequent basis to enhance the quality of Model Risk Management.
> Write Model Risk Management findings in validation documents that could be used for presentations both internally (model developers, business unit managers) as well as externally (regulators).
> Verbally communicate results and debate issues, challenges and methodologies with internal audiences including senior management
Qualifications Skills Required (essential / Preferred)
> Represent Model Risk Management team in interactions with regulatory and audit agencies as required What you'll bring to the role:
> Masters or Doctorate degree in a quantitative discipline such as Statistics, Mathematics, Physics or Engineering
> Experience in a Quant role in Model Risk
> 6 years of relevant work experience in a Model Risk Quant role in a bank or financial institution
> Good understanding of financial instruments
> Knowledge of popular machine learning techniques
> Proficient programmer in Python
> Relevant professional certifications like CQF, CFA or progress made towards it are preferred
> Strong written & verbal communication skills including debating issues and making formal presentations
> Desire to work in a dynamic, team-oriented, fast-paced environment focusing on challenging tasks mixing fundamental, quantitative and market-oriented knowledge and skills.
Skills Preferred
> Data science, Machine Learning / Deep Learning
> Experience working with data visualization packages in Python
>Sound understanding of the key concepts of Deep Learning (DL) and experience of applying relevant DL techniques in large datasets
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 85 years. At our foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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.
We're committed to bringing passion and customer focus to the business.
Salary range for the position: $65,000 - $95,000 Yr. The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and X Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings.
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).
Salary : $65,000 - $95,000
