Model Market Risk

Morgan Stanley

Model Validation - Vice President

Profile Description

We're seeking someone to join our team as a Vice President for Model validation in XVA pricing / IMM capital experience.

Firm Risk Management

In the Firm Risk Management division, we advise businesses across the Firm on risk mitigation strategies, develop tools to analyze and monitor risks and lead key regulatory initiatives.

Company Profile

Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions, and individuals around the world achieve their financial goals.

At Morgan Stanley India, we support the Firm's global businesses, with critical presence across Institutional Securities, Wealth Management, and Investment management, as well as in the Firm's infrastructure functions of Technology, Operations, Finance, Risk Management, Legal and Corporate & Enterprise Services. Morgan Stanley has been rooted in India since 1993, with campuses in both Mumbai and Bengaluru. We empower our multi-faceted and talented teams to advance their careers and make a global impact on the business. For those who show passion and grit in their work, there's ample opportunity to move across the businesses for those who show passion and grit in their work.

Interested in joining a team that's eager to create, innovate and make an impact on the world? Read on...

What you'll do in the role:

Primary Responsibilities :

• Provide independent review and validation for XVA pricing and/or IMM capital compliant with MRM policies and procedures, regulatory guidance and industry leading practices, including evaluating conceptual soundness, quality of model methodology, model limitations, data quality, and on-going monitoring of model performance

• Take initiatives and responsibility of end-to-end delivery of a stream of Model Validation and related Risk Management deliverables

• Write Model Review findings in validation documents that could be used for presentations both internally (model developers, business unit managers, Audit, various global Committees)

• Verbally communicate results and debate issues, challenges and methodologies with internal audiences including senior management

• Represent MRM team in interactions with regulatory and audit agencies as and when required

• Follow financial markets & business trends on a frequent basis to enhance the quality of Model Validation and related Risk Management deliverables

What you'll bring to the role:

Qualifications Skills required (essential / preferred)

• Masters or Doctorate degree in a quantitative discipline such as Statistics, Mathematics, Physics, Computer Science or Engineering is essential

• Experience in a Quant role in validation of Models, in developments of Models or in a technical role in Financial institutions e.g. Developer, is essential

• Strong written & verbal communication skills including debating different viewpoints and making formal presentations of complex topics to a wider audience is preferred

• 5 years of relevant work experience in a Model Validation role in a bank or financial institution

• Proficient programmer in Python ; knowledge of other programming languages like R, Scala, MATLAB etc. is preferred

• Willingness to learn new and complex topics and adapt oneself (continuous learning) is preferred

• Working knowledge of statistical techniques, quantitative finance and programming is essential; good understanding of various complex financial instruments is preferred

• Knowledge of popular machine learning techniques is preferred

• Relevant professional certifications like CQF, CFA or progress made towards it are preferred

• Desire to work in a dynamic, team-oriented, fast-paced environment focusing on challenging tasks mixing fundamental, quantitative, and market-oriented knowledge and skills is essential

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 89 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.

To learn more about our offices across the globe, please copy and paste into your browser.

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.

---