FRM Model Control Office - Governance and Controls Specialist

Background on the Position

The role will reside within Firm Risk Management's (FRM) Risk COO function, in the Model Control Office (MCO) team. The FRM MCO team oversees the FRM model and tool risk governance, to align with model risk management principles instituted by regulatory authorities and adopted by the Firm.

The MCO team works closely with global teams across multiple risk and capital areas, and focuses on relevant policy, procedures, governance implementation and controls. MCO team is responsible for Model, Tool and EUC population identification, inventory management, development and review oversight, appropriate model and tool usage, attestations and risk assessments, and ensuring end-user computing (EUC) controls. The team monitors key risks during model and tool lifecycle, issues with EUC management, and conducts related reporting and escalation to key stakeholders across risk stripes. The team is also responsible for training developers & users, and influences inventory infrastructure.

The ideal candidate possesses banking/financial services/consulting experience. Familiarity with financial products, risk management, governance, and controls and any previous experience with project management and reporting is preferred.

Primary Responsibilities will include:

Credit Risk Model and Tool Governance
• Working closely with global Credit Risk and Analytics teams
• Credit Risk Model/Tool Identification, Pipeline Management, Inventorying
• Credit Risk Model/Tool Submissions, Review, Change Management
• Regulatory Approval tracking
• Model/Tool Issue Management and Usage
• Assisting with Regulatory & IAD requests
• Credit Risk Committees membership, oversight and reporting
• Developer and Owner action oversight, communication and troubleshooting

General Model and Tool Infrastructure, Controls, Training
• Infrastructure Management for Model and Tool inventory design
• Developing training material on Model/Tool lifecycle, and Inventory features for Developers and Users
• Policy Controls such as Semi-Annual Attestations, Annual Model & Tool Risk Assessments
• Assisting with strategic project management due to policy, regulatory or industry changes

Skills Required (essential):
• Experience in risk, data, governance, project management or consulting in financial services
• Ability to work independently and problem solve
• Detail oriented with exceptional organizational skills
• Ability to work effectively on multiple projects under tight deadlines
• Good working knowledge of MS Excel, PowerPoint, Word, and SharePoint
• Excellent verbal and written communication skills, with the ability to communicate with senior stakeholders
• Strong relationship building skills
• Self-motivator and team player who brings a "can-do" approach

#LI-EG1 #BPGC #LI-hybrid

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.

Certified Persons Regulatory Requirements:
If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.

Flexible work statement
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.

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.