Vice President, Risk / Policy Management

Vice President, Risk / Policy Management

Morgan Stanley Services Group, Inc. seeks a Vice President, Risk / Policy Management in New York, New York. Perform a broad range of quantitative analysis to support the enterprise-wide modeling needs. Oversee and expand various models used in the firm while ensuring compliance with various regulatory requirements (US, UK, EU) and internal standards. Research, develop, and deployment of Credit risk, Asset liability management, prepayment, econometric, Interest rate and Market risk models. Utilize advanced financial analysis techniques to evaluate loan, deposits, and market position under different economic scenarios. Use advanced statistical and econometrical techniques to manage the risks associated with specified sets of financial positions and day-to-day operations. Lead working groups with participants to develop statistical and econometric models. Collaborate with all stakeholders to ensure the model is appropriate for risk management purposes and meets business needs. Coordinate across different stakeholders in the model development or analytic project to understand the deliverables and timelines and explain the outputs to appropriate audiences. Prepare presentations and reports to explain statistical results in both non-technical and technical formats to stakeholders. Work with subject matter experts within the business segments to estimate the portfolio behavior, ratings, and capture actual transaction details to back-test the model results with actual historical results. Participate in regulatory exams and respond to regulatory inquiries on models. Develop new innovative methodologies to increase the efficiency of the modeling process, including data mining and machine learning techniques. Collaborate closely with the global team members on model developments, enhancements, and implementations. Provide support and guidance to junior team members on the projects assigned to them, including explaining the framework, programs, and documents. Telecommuting permitted up to 2 days per week.

Salary : Expected base pay rates for the role will be between $190,000 and $205,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Requirements : Requires a Master's in Business Administration, Quantitative Analysis, or a related field and three (3) years of experience in the position offered or three (3) years as a Model Risk Manager, Quantitative Model Development Director, Capital Markets Analyst, or a related role. Requires Three (3) years of experience with : programming using Python, SAS, and VBA; quantitative modeling experience using statistical, financial, and advanced mathematical techniques with empirical financial and regulatory applications; data management techniques such as creating data pipelines for supporting model development and implementation; exploratory data analysis using advanced statistical and data mining techniques such as ranking and clustering, tree, machine learning techniques, linear and non-linear regression methodologies; reporting tools such as SQL, Tableau; analysis reporting using advance analytics data function of MS Excel, MS Word, MS PowerPoint; Asset Liability management software including QRM; regulatory frameworks, including Comprehensive Capital Analysis and Review (CCAR), Current Expected Credit Losses (CECL); and experience in process improvement, automation, and data visualization.