Model Validation Lead - Executive Director - FRM

Firm Risk Management:

Firm Risk Management (FRM) supports Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, operational, model and other risks.

Background of the position:

This pivotal position involves steering the strategic direction and governance of our model risk frameworks, ensuring robust risk management practices that align with our organizational goals and regulatory standards.

We operate in international markets, giving you the chance to work alongside respected professionals in major cities such as New York, London, and Hong Kong.

Key Responsibilities:

1. Strategic Leadership & Framework Development

• Executive Vision:  Craft and communicate a strategic vision for model risk management that aligns with our corporate objectives and regulatory mandates.
• Framework Oversight:  Direct the development and implementation of comprehensive model risk management frameworks, policies, and procedures to effectively identify, assess, and mitigate risks.
• Regulatory Alignment:  Ensure proactive compliance with evolving regulatory standards, maintaining a forward-looking approach to regulatory changes.

2. Team Leadership & Development

• Leadership Excellence:  Lead and mentor a team of model risk professionals, fostering a culture of excellence, collaboration, and continuous development.
• Talent Strategy:  Develop and execute a talent strategy to attract, develop, and retain top-tier model risk management expertise.
• Organizational Learning:  Promote a culture of knowledge sharing and best practices to enhance model risk awareness and capabilities across the organization.

3. Model Validation & Risk Assessment

• Validation Leadership:  Oversee the validation and review of models across the enterprise, ensuring their accuracy, reliability, and robustness.
• Risk Mitigation:  Lead comprehensive risk assessments to identify potential model risks and implement strategic controls and mitigation measures.
• Process Enhancement:  Champion continuous improvement initiatives to refine model validation processes and methodologies.

4. Governance & Reporting

• Governance Leadership:  Establish and maintain robust governance structures for model risk management, ensuring accountability and effective decision-making.
• Executive Reporting:  Deliver insightful reports and updates to senior leadership and relevant committees on model risk exposures, trends, and mitigation strategies.
• Stakeholder Collaboration:  Engage with key stakeholders, including business leaders, risk management teams, and regulators, to ensure alignment and transparency in model risk practices.

Skills & Competencies:

• Experience:  Over 15 years of experience in model risk management, quantitative analysis, or related fields, with a proven track record in executive leadership.
• Leadership Prowess:  Exceptional leadership and team management skills, with the ability to inspire and drive a high-performing team.
• Communication Mastery:  Superior communication and interpersonal skills, with the ability to engage and influence stakeholders at the highest levels.
• Technical Acumen:  Deep expertise in model development, validation, and risk assessment methodologies.
• Regulatory Insight:  Comprehensive knowledge of regulatory requirements and industry best practices in model risk management.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. 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. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

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Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

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