Risk Process Validation Group - Associate (Model 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 on the Position
The role will reside within the Firm Risk Management's Risk Process Validation Group (RPVG), which is a team dedicated to providing independent validations to assess the adequacy and operating effectiveness of processes owned and operated by the first line of defense, including teams across Credit, Market, Liquidity, and Operational Risk.

RPVG focuses on independently validating the integrity of processes and controls that support Basel regulatory risk-based capital calculations, Comprehensive Capital Analysis & Review (CCAR) submissions, and Advanced Measure Approach (AMA) measurements for Operational Risk.

Primary Responsibilities:
> Perform independent validations of select risk-owned processes, including those relating to regulatory and Basel requirements
> Support execution of governance, risk assessment, process review and validation, and monitoring and reporting
> Leverage testing observations to contribute to improving the team's validation methodology and execution capabilities
> Interface with key stakeholders, governing bodies, and business partners to review status of validation work, results of test work, and quarterly reporting
> Partner with Model Validation and Regulatory Reporting teams to support a unified validation program end-to-end#LI-JB3

Experience:
> Bachelor's or higher degree preferred; 3-5 years of experience
> Strong risk, process, and control validation/testing, and assessment skills is desired; banking background
> Strong communication, analytic, risk management, and computing skills is a pus
> A commitment to teamwork
> Ability to prioritize and manage multiple competing objectives

FRM is committed to creating and providing opportunities that enable our workforce to reflect diverse backgrounds and views.

Expected base pay rates for the role will be between 85,000 and 140,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley’s goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the base of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by the law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).#LI-JB3