Model Risk (Risk Management) : Job Level - Vice ...

OverviewMorgan 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 43 countries. The Talent and Passion of Our People is Critical To Our Continued Success As a Firm. Together, We Share Four Core Values Rooted In Integrity, Excellence And Strong Team Ethic.Putting Clients FirstDoing the Right ThingLeading with Exceptional IdeasGiving BackCommitting to Diversity and InclusionMorgan Stanley is committed to helping its employees build meaningful careers and we strive to be a place for people to learn, achieve and grow. Background On The PositionThis role will reside within Firm Risk Management’s Model Risk Management team responsible for the Firm’s management of model risks related to the implementation and use of Financial Crimes models and tools. This position requires strong risk management mindset, proven subject matter expertise in financial crime regulatory requirements and model validation, and excellent technical, leadership, and organizational skills. Primary ResponsibilitiesLead and perform independent model reviews compliant with Model Risk Management policies and procedures, regulatory guidance and industry leading practices, including evaluating conceptual soundness, quality of modeling methodology, model limitations, data quality, and on-going monitoring for Firm’s financial crimes models including customer risk ranking, transactions monitoring and sanctions screening models.Understand the use and effectiveness of financial crimes models within the context of relevant Firm municate model and tool validation conclusions to relevant stakeholders and work with relevant 1LOD and 2LOD functions to develop appropriate remedial actions to effectively resolve identified model issues. Track progress against model issue remediation actions and take appropriate review actions to resolve.Write comprehensive and high-quality review reports for models and tools validated, and oversee and train the model validation team in writing such reports.Proactively identify and escalate thematic and idiosyncratic risk themes related to the models and tools under the coverage area. Engage with relevant stakeholders in identifying effective approaches to managing such risks.Support high-profile, time-sensitive deliverables with limited supervisionEstablish and sustain productive relationships with model stakeholders in 1LOD, 2LOD and 3LODRepresent the Model Risk Management team in interactions with Internal Audit department and with regulatory agencies as required Experience Required10 or more years in validating Financial Crimes modelsDeep understanding of AML regulations and compliance requirements, and AML model risks.Experience working with financial crimes models and tools including vendors solutions.Knowledge of financial crimes monitoring processes for digital banking or trading is a plus.Regulatory experience is a plusExperience with below the line threshold tuning, and data analysis including data quality assessmentProficiency in statistical software packages, data mining and machine learning techniquesKnowledge of database management systemsExperience engaging with regulators and internal audit on topics related to financial crimes models Skills RequiredMasters degree in IT, Computer Science, Math, or Statistics. The following degrees or certifications, or experience are a plus:Financial crimes prevention, Criminal Justice, Forensic AccountingCertified Anti Money Laundering Specialist (CAMS) certificationCertified Transactions Monitoring Associate (CTMA) certificationExperience building or using financial crimes models, and conducting financial crimes investigationsRisk-oriented mindset including effective risk prioritization, critical and analytical questioning, and ability and willingness to speak up.Strong written and verbal communication skills.Ability work in a dynamic, fast-paced, high-pressure environmentExperience with team leadership What You Can Expect From Morgan StanleyWe are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - 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. 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 perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.Equal Employment Opportunity statement: It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law. Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet). Seniority levelExecutive Employment typeFull-time Job functionGeneral Business, Management, and Business Development Referrals increase your chances of interviewing at Morgan Stanley. #J-18808-Ljbffr

Created: 2025-09-17