What are the responsibilities and job description for the Vice President, Model Risk (Risk Management) position at Morgan Stanley?
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.
MRM professionals in New York, London, Budapest, Frankfurt, Mumbai and Tokyo work closely with business quantitative strategists, risk analytics, risk managers and financial controllers. The New York team works collaboratively with members of Model Risk Management across all model areas globally.
Responsibilities:
- Support Annual CCAR, Bank Capital Planning Process, and Quarterly stress testing
- Lead/support other regulatory related projects and ensure timely delivery
- Work with a global team within Model Risk Management, organizing schedules of deliverables and meeting deliverable due dates, and escalating issues on assigned projects
- Represent the Model Risk Management team in interactions with Internal Audit department and with regulatory agencies as required.
Qualifications:
- 5 years of experience managing projects required
- Experience on Regulatory Capital with CCAR and other supervisory stress testing is a plus
- Have an undergraduate degree in Business, Finance, or other related field
- Have working knowledge of MS Office (Microsoft Excel/PowerPoint/Word), SQL
- Ability to effectively communicate with a wide range of stakeholders, both written and verbally is required
- Anticipate bottlenecks, identify risk, provide escalation management, prioritization
- Ability to work independently, and to partner effectively with team members and with colleagues across the wider organization.
- An interest in working in a fast-paced environment, often balancing multiple high priority deliverables with attention to detail is required.
- Drive effective teamwork, prioritization, communication, collaboration, and commitment across multiple groups with competing priorities while maintaining strong business relationships.
- Ability to support multiple projects concurrently, react quickly to new information, and ensure projects remain updated and relevant to achieve the desired outcome.
- Demonstrated ability to compose and deliver persuasive presentations and project updates including deliverable timelines, and status to internal stakeholders, cross-departments and as necessary, senior leadership
- PMP or Project Management certification is a plus.
Salary : $120,000 - $200,000
