Vice President, Model Risk Governance (Risk Management)

Firm Risk ManagementFirm 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, model and other risks.Model Risk Management Governance and Policy AssuranceMorgan Stanley's Model Risk Management (MRM) department resides within FRM. The MRM Governance and Policy Assurance Team sets model risk management standards for the Firm globally through policies, policy supplements, procedures, and documentation and review templates related to models, tools, and end user computing (EUCs). In addition, the team performs policy assurance to ensure standards are being applied consistently across model types and functional areas.This position offers the candidate a unique opportunity to drive enhancements to the existing Model Risk Management framework globally and across business and functional areas across the firm, with close interactions with Model Control Officers, model developers and independent model validators.Primary ResponsibilitiesIdentify and lead strategic Model Risk Management Framework enhancements, including Governance forumsDetermine and implement solutions to Model Risk Management Governance related issues that have been identifiedInfluence Model Risk Management Framework as well as related assurance across models, tools and end user computing (EUCs)Partner with a wide range of stakeholders across the Firm on model risk governance and framework initiativesLiaise with functional and business leaders to roll out key model risk management framework enhancementsInterface with global regulators and/or Internal Audit representing the Model Governance FrameworkRepresent MRM Governance in various governance forumsCoach and develop team membersSkillsAbility to influence and execute the vision for MRM Governance globallyPragmatic problem solver and forward thinkerAbility to prioritize and manage multiple competing objectivesExcellent verbal and written communication skillsStrong communicator with good interpersonal skillsAbility to develop partnerships across functions and geographiesDetail oriented with exceptional organizational skillsAdvance working knowledge of MS Word, PowerPoint, and TeamsSelf-motivator and team player who brings a can-do approachExperienceBachelor's or higher degree in Finance, Economics, Computer Science, Mathematics, Engineering or other business or risk management related areas10+ years of experience from financial institution, consulting firm or in risk management, preferably in an analytical, compliance or regulatory function.Experience in designing and implementing a model risk management framework through policy and procedure writingExperience with core model risk management regulation requirements (e.g., FRB SR 11-07, SR 15-18, PRA SS1/23)(Preferred) Previous experience in model development and/or independent model validation/review(Preferred) Relevant certifications or designations (e.g., CFA or FRM)

Created: 2025-01-28