Job Description

Associate


Job Number: 3222542
POSTING DATE: Aug 26, 2022
PRIMARY LOCATION: Non-Japan Asia-India-India-Mumbai (MSA)
EDUCATION LEVEL: Bachelor's Degree
JOB: Model Risk
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Associate

DESCRIPTION
Background on the Position Morgan Stanley has established a new Model Risk Management (MRM) team within Morgan Stanley's Mumbai offices. Morgan Stanley's Global MRM team is broadly responsible for the risk management of all of the Firm's models involving model validation, risk assessment, and governance. Morgan Stanley is seeking a strong candidate to be a member of the MRM team in Mumbai, focused on the review, validation and risk assessment of Scenario Design models. These models will cover Scenario Design and related capital planning models using statistical techniques including machine learning. Primary Responsibilities
1) 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 market risk models
2)Take initiatives and responsibility of end-to-end delivery of a stream of Model Risk Management related deliverables for Scenario Design models
3)Follow financial markets & business trends on a frequent basis to enhance the quality of Model Risk Management.
4) 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).
5) Verbally communicate results and debate issues, challenges and methodologies with internal audiences including senior management
6) Represent Model Risk Management Scenario Design team in interactions with regulatory and audit agencies as required

QUALIFICATIONS
Qualifications Skills required (essential / preferred)
1) Masters or Doctorate degree in a technical area such as Statistics, Mathematics, Physics or Engineering
2) Experience in Validation of Scenario Design Models or Risk Models
3) 2 -6 years of work experience in a Quant role in a bank or financial institution
4) Familiarity with ML / AI is desirable
5) Programming skills in Python or similar programming languages
6) Relevant professional certifications like FRM, CFA, CQF are preferred
7) Strong written & verbal communication skills including debating issues and making formal presentations
8) Desire to work in a dynamic, team-oriented, fast-paced environment focusing on challenging tasks mixing fundamental, quantitative and market-oriented knowledge and skills.