Model Risk Validation

  • Company:
    Morgan Stanley Pvt Ltd
  • Location:
  • Salary:
    negotiable / month
  • Job type:
    Full-Time
  • Posted:
    1 week ago
  • Category:
    Financial Services/Stockbroking

Skill: investment banking , financial services , model validation , wealth management , financial markets , risk management , lending , credit risk , market risk , risk , investment management , ccar; Exp: 2-5 years; 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. As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career – a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture. Department Profile The cornerstone of Morgan Stanleys risk management philosophy is the execution of risk-adjusted returns through prudent risk-taking that protects Morgan Stanleys capital base and franchise. Risk Management protects the firm from exposure to losses resulting from market volatilities and defaults by our lending and trading counterparties. Background on the Position Morgan Stanley is establishing a new Model Risk Management (MRM) team within Morgan Stanleys Mumbai offices. Morgan Stanleys Global MRM team is broadly responsible for the risk management of all of the Firms models involving model validation, risk assessment, and governance. Morgan Stanley is seeking a strong candidate to be a member of this new team, focused on the review, validation and risk assessment of models used both in risk management and capital planning. These models will cover market risk (e.g. VaR, FRTB), new areas of credit risk (e.g. CECL) and capital planning including machine learning techniques used in CCAR for forecasting and predictive analytics. Primary Responsibilities Engage in quantitative model review and risk assessment of risk and capital models. Follow financial markets and business trends on a frequent basis to enhance the quality of model risk management. Write model risk management findings in technical documents that will be presented both internally (model developers, business unit managers) as well as regulators. Verbally communicate results and debate issues, challenges and methodologies with internal audiences including senior management. Qualifications Qualifications Skills required (essential) Bachelors, Masters or Doctorate degree in a technical or quantitative finance-related area. Exposure to and experience in financial markets, products and businesses. 0-5 years of work experience in a bank or financial institution. Familiarity with essential quantitative techniques used in financial and econometric models. Familiarity with popular machine learning techniques. Programming skills in C, C , R, Python, or similar programming language. Strong written and verbal communication skills. Must be comfortable debating issues making formal presentations. Desire to work in a dynamic, team-oriented environment focusing on challenging tasks mixing fundamental, quantitative and market-oriented knowledge and skills.

Risk/Credit/Economic Analyst

Degree: 

Experience: 2-5

Function: Finance / Insurance Services