Model Risk – Process Validation: Analyst
| Company | Morgan Stanley |
|---|---|
| Location | New York, NY, USA |
| Salary | $75000 – $95000 |
| Type | Full-Time |
| Degrees | Bachelor’s, Master’s, PhD |
| Experience Level | Entry Level/New Grad, Junior |
Requirements
- Bachelor’s or higher degree in Finance, Economics, Computer Science, Mathematics, Engineering or other business or risk management related areas
- Knowledge of risk management and processes and controls across risk stripes (e.g., Credit, Market, Liquidity, Capital and Data Risk)
- Basic understanding of banking regulatory environment, including familiarity with Bank of International Settlements (BIS) principles (e.g., Basel III, BCBS 239, FRTB), Capital Planning requirements and practices (e.g., CCAR, DFAST) and banking regulations (e.g., FRB SR 11-07, SR 12-17, SR 14-08, SR 15-18, PRA SS1/23)
- Knowledge of core banking, investment and trading products
Responsibilities
- Support the 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)
- Support the interaction with stakeholders and business partners to perform walkthroughs, discuss testing questions and potential findings
- Track remedial actions and perform issue closure verification
- 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
Preferred Qualifications
- Understanding of data lineage and database schema; experience working with large data sets; 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
- Knowledge of and experience in robotic process automation (RPA)
- Relevant certifications or designations (e.g., CFA or FRM)
- A commitment to teamwork
- Quick learner
- Strong analytical and problem solving skills
- Detail oriented with exceptional organizational skills
- Ability to work effectively on multiple projects under tight deadlines
- Advanced working knowledge of MS Word, PowerPoint, and Teams
- Strong verbal and written communication skills, with the ability to communicate with key stakeholders
- Intellectual curiosity with a focus on information sharing
- Self-motivator and team player who brings a can-do approach