Vice President, Model Risk Governance (Risk Management)

Firm Risk Management

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, model and other risks.

Model Risk Management Governance and Policy Assurance

Morgan Stanley's Model Risk Management (MRM) department resides within FRM. The MRM Governance and Policy Assurance Team sets model risk management standards for the Firm globally through policies, policy supplements, procedures, and documentation and review templates related to models, tools, and end user computing (EUCs). In addition, the team performs policy assurance to ensure standards are being applied consistently across model types and functional areas.

This position offers the candidate a unique opportunity to drive enhancements to the existing Model Risk Management framework globally and across business and functional areas across the firm, with close interactions with Model Control Officers, model developers and independent model validators.

Primary Responsibilities

• Identify and lead strategic Model Risk Management Framework enhancements, including Governance forums
• Determine and implement solutions to Model Risk Management Governance related issues that have been identified
• Influence Model Risk Management Framework as well as related assurance across models, tools and end user computing (EUCs)
• Partner with a wide range of stakeholders across the Firm on model risk governance and framework initiatives
• Liaise with functional and business leaders to roll out key model risk management framework enhancements
• Interface with global regulators and/or Internal Audit representing the Model Governance Framework
• Represent MRM Governance in various governance forums
• Coach and develop team members

Skills

• Ability to influence and execute the vision for MRM Governance globally
• Pragmatic problem solver and forward thinker
• Ability to prioritize and manage multiple competing objectives
• Excellent verbal and written communication skills
• Strong communicator with good interpersonal skills
• Ability to develop partnerships across functions and geographies
• Detail oriented with exceptional organizational skills
• Advance working knowledge of MS Word, PowerPoint, and Teams
• > Self-motivator and team player who brings a can-do approach

Experience

• Bachelor's or higher degree in Finance, Economics, Computer Science, Mathematics, Engineering or other business or risk management related areas
• 10 years of experience from financial institution, consulting firm or in risk management, preferably in an analytical, compliance or regulatory function.
• Experience in designing and implementing a model risk management framework through policy and procedure writing
• Experience with core model risk management regulation requirements (e.g., FRB SR 11-07, SR 15-18, PRA SS1/23)
• (Preferred) Previous experience in model development and/or independent model validation/review
• (Preferred) Relevant certifications or designations (e.g., CFA or FRM)