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Need- Vice President - Model Risk

9.00 to 15.00 Years   Mumbai City   18 Oct, 2022
Morgan Stanley Advantage Services Pvt Ltd
Job LocationMumbai City
EducationNot Mentioned
SalaryNot Disclosed
IndustryBanking / Financial Services
Functional AreaSales / BD
EmploymentTypeFull-time

Job Description

    *Background on the Position Morgan Stanley Model Risk Management (MRM) department resides within Morgan Stanleys Firm Risk Management Division. Morgan Stanleys global MRM team, spread across New York, London, Mumbai and Budapest, is broadly responsible for the risk management of all of the Firms models involving model validation, risk assessment, and governance and act as an effective second line of defence within the Firm. Morgan Stanley is seeking a strong Quant candidate to be a member of the MRM Mumbai team, focused on the review, validation and risk assessment of quantitative models used in both risk management and capital planning. These models will cover areas of Credit Risk (e.g. CECL) and Capital Planning including Quantitative techniques used in CCAR for forecasting and predictive analytics. This role also involves working on the impact of Climate Change on Credit Risk Models. Primary Responsibilities include, but are not limited to the following1 Engage in quantitative model review and risk assessment of Credit Risk models2 Take initiatives and responsibility of end-to-end delivery of a stream of Model Risk Management related deliverables for model reviews3 Follow financial markets and business trends on a frequent basis to enhance the quality of Model Risk Management.4 Write Model Risk Management findings in validation documents that could be used for presentations both internally (model developers, business unit managers) as well as externally (regulators).5 Verbally communicate results and debate issues, challenges and methodologies with internal audiences including senior management 6 Manage a team of Quants who provide independent review of Credit Risk Models 7 Work on Climate Change related impact on Models & Model Risk as a part of cross-functional group 8 Have End-to-end ownership of Model Validation and Model Risk for a subset of Credit Risk Models 9 Represent Model Risk Management team in interactions with regulatory and audit agencies as required, *Qualifications & Skills (essential / preferred)1 Masters or Doctorate degree in a technical or quantitative finance-related area such as Statistics, Mathematics, Physics, Engineering, Quantitative Finance or Economics2 9+ years of work experience in a Quant (Front Office, Risk or Model Developer / Validator) role3 Good programming skills in Python and / or R or similar programming languages4 Familiarity with essential quantitative techniques used in financial and econometric models5 Familiarity with popular machine learning techniques6 Exposure to and experience in financial markets, products and businesses is preferred7 Experience in Validation of Credit Risk models in peer Banks is preferred8 Relevant professional certifications like CQF, FRM, CFA are preferred9 Strong written and verbal communication skills, including being comfortable debating issues and making formal presentations10 Attention to details and ability to work under pressure and cope with a fast moving environment11 Desire to work in a dynamic, team-oriented, fast-paced environment focusing on challenging tasks mixing fundamental, quantitative and market-oriented knowledge and skills

Keyskills :
project managementautomationcost controldeliveryltdcredit riskrisk modelsclimate changerisk managementrisk assessment

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