Senior Model Risk Controls Specialist (Non-Financial Risk)
$120k/y-$205k/y
Morgan Stanley9 months ago
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OnsiteFull-timeSenior
Summary
Morgan Stanley is seeking a Senior Model Risk Controls Specialist (Non-Financial Risk) to join their team in New York, NY. The role involves establishing strong model governance and promoting consistency within the Legal & Compliance division.
About the Role
As a Senior Model Risk Controls Specialist, you will draft documentation on model design, maintain existing models, assist with model changes, perform root-cause analyses, and prepare reports for senior management and regulators. You will also track model changes and update policies and procedures as needed.
About You
Required:
- At least 8 years of relevant experience.
- Bachelor's degree in a related field.
- Expertise in model risk management and model governance.
- Strong understanding of Fed SR 11-7/ OCC Bulletin 2011-12 on Model Risk Management.
- Understanding of model development, maintenance, and remediation, including AI and Machine Learning models.
- Strong written and interpersonal communication skills.
Preferred:
- Understanding of financial crimes and compliance models.
- Knowledge of financial markets and banking.
Benefits
- Competitive salary with a range of $120k–$205k.
- Comprehensive employee benefits and perks.
- Opportunities for career advancement within the company.
Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 42 countries, our firm's employees serve clients worldwide including corporations, governments, institutions and individuals. We are committed to maintaining the first-class service and high standard of excellence that have always defined the firm and everything we do is guided by our five core values: Do the right thing, put clients first, lead with exceptional ideas, commit to diversity and inclusion, and give back.
New York, NY