Job Description

Analyst - Risk Process Validation Group - Model Risk (Firm Risk Management)

Job Number:

3256084


POSTING DATE: Jul 20, 2024
PRIMARY LOCATION: Non-Japan Asia-India-India-Mumbai (MSA)
EDUCATION LEVEL: Bachelor's Degree
JOB: Model Risk
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Analyst

DESCRIPTION


Company Profile

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.

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.

Background on the Position

The Risk Process Validation Group (RPVG) is an independent validation function within FRM. RPVG is responsible for independently assessing select controls and processes related to Market, Credit, Liquidity, Capital and Data Risk that support selected:

Risk owned regulatory capital and stress testing calculations;

Risk owned regulatory schedules;

Risk owned internal reports;

Risk framework processes (e.g., Credit, Market, Liquidity Risks).

Primary Responsibilities

• Perform independent validations of select FRM processes and controls, including those relating to regulatory and Basel requirements;
• Support execution of reviews (e.g., planning, documenting, reporting) and continuous monitoring activities (e.g., risk assessments);
• Contribute to improving the team's validation methodology and execution capabilities;
• Interface with key stakeholders, governing bodies, and business partners to review status of validation work, results of test work, and quarterly reporting;
• Partner with other independent validation teams, e.g., Model Risk Management, Regulatory Reporting Quality Assurance (RRQA), to support a unified validation program end-to-end.



QUALIFICATIONS


Experience


• Bachelor's or higher degree in Finance, Economics, Computer Science, Mathematics, Engineering or other business or risk management related areas;


• Experience from consulting, risk management, or internal audit covering processes and controls across risk stripes (e.g., Credit, Market, Liquidity, Capital and Data Risk);


• Experience with core banking, investment and trading products, and banking regulations (e.g., FRB SR 11-07, SR 12-17, SR 14-08, SR 15-18, PRA SS1/23);


• Experience in risk assessment and process and control validation/testing;


• A commitment to teamwork;


• Ability to prioritize and manage multiple competing objectives.





Skills


• Strong understanding of banking regulatory environment, including familiarity with Bank of International Settlements (BIS) principles (e.g., Basel III, BCBS 239, FRTB) and FRB Capital


• Planning requirements and practices (e.g., CCAR, DFAST);


• Knowledge and experience with data analytics and data visualization tools and systems (e.g., PowerBI, Alteryx, Dataiku, QlikView, Tableau); experience with writing or editing SQL, Python and/or other programming languages; advanced Excel knowledge;


• Understanding of data lineage and database schema; experience working with large data sets, data warehouse, or data lake; knowledge of IT general controls; business analyst experience;


• Strong communication and analytical skills;


• Robotic process automation (RPA) skills (preferred);


• Relevant certifications or designations (e.g., CFA or FRM) (preferred).





FRM is committed to creating and providing opportunities that enable our workforce to reflect diverse backgrounds and views.





Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing and advancing individuals based on their skills and talents.