Model Risk (Risk Management) - Associate

Location: Greater London

Model Risk Specialist
- Traded Risk, IMM Focus We’re seeking someone to join our team as a Model Risk Specialist
- Traded Risk, IMM Focus to the Model Risk Management team.

Firm Risk Management In the Firm Risk Management division, we advise businesses across the Firm on risk mitigation strategies, develop tools to analyse and monitor risks and lead key regulatory initiatives.

Background on the Position This role resides within FRM's Model Risk Management (MRM) Department which provides independent model risk control, review and validation of models used by Morgan Stanley. These include models used to monitor market risk (IMA), counter party credit risk (XVA/IMM), credit risk (IRB), operational risk, capital and liquidity stress tests as well as valuation models. This specific role is providing coverage for the IMM modelling area.

MRM professionals in New York, London, Budapest, Frankfurt, Mumbai and Tokyo work closely with business quantitative strategists, risk analytics, risk managers and financial controllers. The members of the IMM coverage team work collaboratively with members of Model Risk Management across all model areas globally.

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:

Conduct model validation for IMM models by challenging model assumptions, mathematical formulation, and implementation

Develop GenAI and Agentic AI solutions to automate model testing, streamline validation workflows, and enhance efficiency within Model Risk Management, with a strong interest in adapting to emerging AI technologies

Conduct independent testing to assess model accuracy and robustness under different scenarios and market conditions

Assess and quantify model risks due to model limitations and develop compensating controls

Highlight risks and limitations of models and communicate findings to stakeholders, senior management, and governance committees

Collaborate with Global MRM teams, Model Control Officers, Valuation Control and Risk Managers to manage model risk across the model lifecycle

Assist in cultivating and managing effective relationships with regulators by providing accurate and timely submissions

What you'll bring to the role:

Masters or Ph.D. degree (or equivalent) in Finance, Economics, Mathematics, Physics, Engineering, or a related quantitative field

In-depth knowledge of mathematical finance, derivative pricing, and numerical techniques

The ideal candidate has strong experience with valuation models or Counter party Credit Risk models gained at a financial institution

Working experience of 5+ years, including relevant experience of 3+ years’Experience developing pricing and risk models using Python, R or C++ is a plus

The ability to effectively communicate with a wide range of stakeholders, both written and verbally

An interest in working in a fast-paced environment, often balancing multiple high priority deliverablesFRM is committed to creating and providing opportunities that enable our workforce to reflect diverse backgrounds and views.#LI-CM1

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 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…