Morgan Stanley

Director - Market Risk (Incremental Risk Charge), Model Risk (Firm Risk Management) : Job Level - Director

Posted On

Feb. 3, 2025

Location

Mumbai, Maharashtra

Experience Level

Freshers/Experienced

Job Type

Permanent

Apply By

April 23, 2025

Job Description

Morgan Stanley

Market Risk, Incremental Risk Charge - Director

Profile Description

We’re seeking someone to join our team as (Director - Market Risk) in (Model Risk) division.

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:

Background on the Position

Morgan Stanley's Model Risk Management (MRM) department resides within Morgan Stanley's Firm Risk Management Division. Morgan Stanley's global MRM team, spread across New York, London, Mumbai and Budapest is broadly responsible for the risk management of all of the Firm's 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 candidate to be a member of the MRM team in Mumbai, focused on the review, validation and risk assessment of Traded Risk models including, but not limited to Incremental Risk Charge (IRC).

Primary Responsibilities :
• Provide independent review and validation 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 and Tool Review findings in validation documents that could be used for presentations both internally (model and tool developers, business unit managers, Audit, various global Committees) as well as externally (Regulators)
• 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 and Tool 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 development or validation of incremental Risk Charge or other Traded Risk Models in Globally Systematically Important Banks (G-SIB) or large Financial institutions
• Strong written & verbal communication skills including debating different viewpoints and making formal presentations of complex topics to a wider audience is preferred
• 7-10 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, FRM, CFA or progress made towards it are preferred

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 85 years. At our foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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.

We're committed to bringing passion and customer focus to the business.

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.

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