Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, and individuals from more than 1,200 offices in 42 countries. Morgan Stanley Wealth Management provides a range of wealth management products and services for individuals, businesses, and institutions. These services include brokerage and investment advisory, financial and wealth planning, credit and lending, cash management, annuities and insurance, retirement, and trust.

Description
Morgan Stanley Wealth Management Risk group is responsible for overseeing the risk and control framework within the Wealth Management business unit. The group teams with WM business units as well as the Firm Risk Management group to implement control processes and procedures and protect the firm from exposure to various risks including operational, credit, investment, trading, reputational and model risk. The position will reside within WM Model Risk. The Model Control team oversees the model inventory for all WM models. The inventory is comprised of Position Valuation and Risk Measurement models (PVRM) and advisory models (Decision Support Models), including Machine Learning and Generative AI (GenAI) models. The team is responsible for creating relevant policy, procedures and governance structures and participating in the certification and roll-out of models. In addition, the team is responsible for tracking and reporting progress on model specific issues identified by regulators, internal audit and through independent model review. The team works in close collaboration with model developers/owners and the Firm model review and governance teams.

The applicant should be interested in risk and controls, as well as process oversight and management. The applicant should possess a basic understanding of Artificial Intelligence (AI) and Machine Learning concepts, especially those relevant to GenAI technologies used for business applications. Work history should demonstrate strong attention to details, execution and project management skills, and the ability to influence and coordinate within cross-functional teams.

Responsibilities

• Contribute to the organization and maintenance of inventory of all models developed and used within WM Risk

• Participate in interviews with WM Risk Officers, Financial Analysts, and business stakeholders to identify new models

• Lead training and create training materials for the Model Control System

• Support the execution of the model control process which includes the periodical update of policy and procedures, model certification and exception process

• Prepare presentation materials for model related committees and senior management

• Present group findings to Senior Management and Model Risk Committees

• Maintain various reporting dashboards as needed

Qualifications

• Strong organization and time-management skills, with the ability to swiftly transition between projects and tasks

• Ability to work independently, be self-motivated, and have accountability/ownership of projects

• Excellent communication (verbal and written) and interpersonal skills

• Advanced MS Office skills (Excel, PowerPoint, Word)

• Knowledge of Python, SQL or Microsoft Macro/VBA is a plus

• Prior relevant risk management or regulatory experience

• Education: BA or BS

#LI-NB1 #BPDBA #LI-hybrid

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 85 years. At our foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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.

We're committed to bringing passion and customer focus to the business.

Certified Persons Regulatory Requirements:
If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.

Flexible work statement
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.

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.