Morgan Stanley

Risk Process Validation Group - Model Risk, Vice President, Firm Risk Management

Posted On

May 16, 2025

Location

Mumbai, Maharashtra

Experience Level

Freshers/Experienced

Job Type

Permanent

Apply By

June 18, 2025

Job Description

Morgan Stanley

Model Risk – Risk Process Validation Group – Vice President

Profile Description

We’re seeking someone to join our team as a [Vice President] to [Risk Process Validation Group, Model Risk]

Firm 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, model and other risks.

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.

Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.

What you’ll do in the role:

Background on the Position

The Risk Process Validation Group (RPVG) is an independent validation function within Model Risk Management under FRM. RPVG is responsible for independently assessing select controls and processes related to Market, Credit, Liquidity, Capital and Data Risk that support selected:

Risk owned regulatory capital and stress testing calculations;
Risk owned regulatory schedules;
Risk owned internal reports;
Risk framework processes (e.g., Credit, Market, Liquidity Risks).

Primary Responsibilities

Perform independent validations of select FRM processes and controls, including those relating to regulatory and Basel requirements;
Contribute to improving the team’s validation methodology and execution capabilities;
Manage and supervise the execution of validation (e.g., planning, documenting, reporting) and continuous monitoring activities (e.g., risk assessments);
Provide review and challenge to all phases of the individual validations; own issue assessment and socialization, finalize validation memo, and review and sign off the validation documentation;
Present validation plans, issues and observations to senior management and relevant management committees
Manage the interface with key stakeholders, governing bodies, and business partners to review status of validation work, results of test work, and quarterly reporting;
Interface with key stakeholders, governing bodies, and business partners to review status of validation work, results of test work, and quarterly reporting;
Partner with other independent validation teams, e.g., Model Risk Management, Regulatory Reporting Quality Assurance (RRQA), to support a unified validation program end-to-end.

What you’ll bring to the role:

Experience

Bachelor’s or higher degree in Finance, Economics, Computer Science, Mathematics, Engineering or other business or risk management related areas
Experience from consulting, risk management, or internal audit covering processes and controls across risk stripes (e.g., Credit, Market, Liquidity, Capital and Data Risk);
Experience in data analytics, data visualization, or process automation;
Strong risk, process, and control validation/testing, and assessment skills;
Strong communication and analytical skills
A commitment to teamwork;
Ability to prioritize and manage multiple competing objectives.

Skills

Strong understanding banking regulatory environment, including familiarity with Bank of International Settlements (BIS) principles (e.g., Basel III, BCBS 239, FRTB) and FRB Capital Planning requirements and practices (e.g., CCAR, DFAST);
12 + years of relevant industry experience with core banking, investment and trading products, and banking regulations (e.g., FRB SR 11-07, SR 12-17, SR 14-08, SR 15-18, PRA SS1/23);
Understanding of data lineage and database schema; experience working with large data sets, data warehouse, or data lake; knowledge of IT general controls; business analyst experience;
Relevant certifications or designations (e.g., CFA or FRM) (preferred).

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

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.

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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