Associate, P2, Technical Specialist

Stack

Responsibilities

• ▹Execute audit coverage of valuation, market risk, credit risk, liquidity risk, capital, stress testing, financial crime and other quantitative models
• ▹Assess model governance, development, validation, implementation, monitoring and change management processes to identify control weaknesses and emerging risks
• ▹Perform risk-based testing of model governance frameworks, controls, policies and regulatory compliance
• ▹Review model documentation, validation reports, performance monitoring results, inventories and quantitative analyses
• ▹Develop audit observations, documentation and reports, providing effective challenge to model developers and validators
• ▹Partner with business, risk, model validation and technology teams globally to communicate audit conclusions

Requirements

• ▹Bachelor's or Master's degree in a quantitative discipline (Mathematics, Statistics, Financial Engineering, Quantitative Finance, Computer Science, Economics or Physics)
• ▹Knowledge of model risk management principles, quantitative modeling methodologies and regulatory expectations
• ▹Strong analytical and quantitative skills, including experience with Python, SQL, R, SAS or similar tools
• ▹Ability to evaluate risks, assess controls, analyze data and support audit execution
• ▹Excellent communication and stakeholder management skills, able to explain technical concepts to non-technical audiences
• ▹2-4 years of relevant experience in model risk management, quantitative analytics, model validation, internal audit or risk management

Nice to have

• ▹Relevant certifications such as CIA, FRM, CFA, CRMA or CISA

Soft skills

About the company

Since 1935, Morgan Stanley has been a global leader in financial services, operating in more than 40 countries.