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Model Risk – Equities Validation: Executive Director
| Company | Morgan Stanley |
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| Location | New York, NY, USA |
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| Salary | $165000 – $275000 |
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| Type | Full-Time |
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| Degrees | Master’s, PhD |
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| Experience Level | Expert or higher |
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Requirements
- Masters or Ph.D. degree (or equivalent) in Finance, Economics, Mathematics, Physics, Engineering, or a related quantitative field.
- At least 10 years of strong experience in derivatives pricing models, gained in a quantitative development or validation role at a financial institution (and preferably, in an equity derivatives business).
- Experience in advancing ideas and challenging complex mathematical models, where appropriate.
- Strong stakeholder management skills and team management experience.
- The ability to effectively communicate with a wide range of stakeholders, both in writing and verbally.
- An interest in working in a fast-paced environment, often balancing multiple high priority deliverables.
Responsibilities
- Lead a team of quantitative model reviewers to conduct initial and periodic reviews of exotic equity derivatives valuation models.
- Ensure the timely delivery of thorough review work in accordance with regulatory requirements and model risk management policies and procedures.
- Identify, measure, communicate and decide on significant model risk issues in the coverage area.
- Partner with model owners and developers to better understand and address model limitations.
- Review and identify any model usage gaps on new products, new business initiatives and new material exposures.
- Drive changes together with risk managers through clear and collaborative decision making to enhance model risk governance.
- Provide accurate information in compliance with regulatory requirements on both the existing model inventory and any changes to it.
Preferred Qualifications
- Experience managing quant teams and stakeholders in a global setting is a plus.
