Model Risk Control Specialist

We are seeking a Model Risk Control Specialist in Non‑Financial Risk to strengthen the governance, monitoring, and documentation of Financial Crime Compliance models. The role partners with model owners and stakeholders to enhance model performance and meet internal policy and regulatory expectations.

• Draft and maintain comprehensive model documentation across the model lifecycle for Financial Crime Compliance models.
• Establish and execute ongoing model monitoring controls, partnering with quantitative analysts and subject‑matter experts.
• Support model tuning and optimization for Trade Surveillance, Transaction Monitoring, and Sanctions screening models, including ML/AI‑enabled approaches where applicable.
• Oversee and challenge model testing performed by developers and vendors, including design of challenger models or compensating controls as needed.
• Perform and/or manage periodic assessments and above‑/below‑the‑line testing to evaluate model performance and sustainability.
• Conduct research on emerging modeling approaches and regulatory expectations, performing gap analyses and recommending enhancements to existing controls.
• Lead root‑cause analysis for model performance anomalies and drive remediation planning with stakeholders.
• Manage model governance processes, including model inventory updates, change tracking, and reporting to senior management, Model Risk Management, and Internal Audit.

• Ability to build and maintain clear, audit‑ready model documentation across the model lifecycle.
• Understanding of Financial Crime Compliance concepts and model use cases (e.g., AML/transaction monitoring, sanctions screening, trade surveillance).
• Experience in ongoing model monitoring, performance analysis, and issue investigation (including root‑cause analysis).
• Experience partnering with quantitative or analytics teams to support testing, tuning, and optimization of models (including vendor‑developed solutions).
• Knowledge of model risk governance expectations and standards (e.g., SR 11‑7 / OCC 2011‑12) and experience supporting validation and exam requests.
• Ability to translate complex technical concepts into clear materials for non‑technical stakeholders and senior management.
• Experience in producing metrics, management reporting, and tracking model changes through governance forums.
• Proficiency in data and analytical tools (e.g., SQL, Python, Excel); familiarity with visualization tools (e.g., Power BI, Tableau) is a plus.

Typically, 5 + years of relevant experience is expected for this role.

Morgan Stanley offers a comprehensive benefits package that includes medical, dental, vision, health‑savings account, dependent day‑care savings account, life and disability insurance, paid time off (including sick leave, parental leave, and 20 vacation days), 10 paid holidays, a 401(k) plan, and discretionary incentive compensation.

Salary range for this position: $70,000 – $125,000 per year, with potential discretionary incentive compensation and eligibility for the unit’s incentive compensation plan.

Morgan Stanley is an equal‑opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents. Our workforce reflects a broad cross‑section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

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