Model Risk; Risk Management : Level - Associate

Model Risk (Risk Management) — Associate

Morgan Stanley's Firm Risk Management Division supports business units to achieve risk‑adjusted returns and protect the firm from loss exposure due to credit, market, liquidity, operational, model, and other risks.

• Perform independent review and validation of the firm's stress testing models for CCAR, BAU stress testing, and CECL/IFRS9 reserve models.
• Challenge model conceptual soundness, conduct independent tests, and produce comprehensive validation documentation.
• Develop challenger model methodologies for official production models.
• Communicate model validation conclusions to management.

• 3+ years of experience in model risk management or risk analytics.
• Advanced degree (Master’s or Doctorate) in Statistics, Mathematics, Physics, Computer Science, or Engineering preferred.
• Strong quantitative and programming skills; proficiency in Python preferred.
• Experience with model development or validation is a plus.
• Excellent written and verbal communication, critical thinking, problem‑solving, and teamwork skills.

We are committed to maintaining first‑class service and high standards of excellence. Our inclusive culture values clients first, ethics, diversity, and continuous learning. You’ll work in a dynamic, collaborative environment with opportunities for professional growth and competitive compensation, including base salary, bonuses, and benefits.

Emmačina is an equal‑opportunity employer: we celebrate diversity and encourage applications from all backgrounds.