Associate - RPVG, Model Risk (Firm Risk Management)

Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.'

What you'll do in the role:

The Risk Process Validation Group (RPVG) is an independent validation function within Model Risk Management under 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. 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 in data analytics, data visualization, or process automation
• Strong risk, process, and control validation/testing, and assessment skills
• Strong communication and analytical skills
• A commitment to teamwork
• Ability to prioritize and manage multiple competing objectives.

What you'll bring to the role:

Skills
• Strong understanding 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)
• 3+ years of relevant industry 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)
• 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
• 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
• Relevant certifications or designations (e.g., CFA or FRM) (preferred).

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 85 years. At our foundation are five core values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry.

We're committed to bringing passion and customer focus to the business.

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.