Vice President, Risk/Policy Management

Morgan Stanley • New York, NY

1d • Hybrid

About The Position

Morgan Stanley Services Group Inc. seeks a Vice President, Risk / Policy Management in New York, NY to perform independent validations of selected firm risk management processes and controls, including those relating to regulatory and Basel requirements. Maintain the Risk Process Validation Group Validation Inventory; design the validation program, annual plan and reassess the risk-based prioritization approach. Plan, document, and report the validations and continuous monitoring activities (e.g., risk assessments). Provide review and challenge to all phases of the individual validations; own issue assessment and socialization, finalize validation memo, review and sign off the validation documentation. Present validation plans, issues and observations to senior management and relevant management committees. Evolve and enhance the team’s validation methodology and execution capabilities. Engage with key stakeholders, governing bodies, and business partners to review status of validation work, results of test work, and quarterly reporting. Partner with other independent validation teams within Model Risk Management as well as with Regulatory Reporting Quality Assurance (RRQA) to support a unified end-to-end validation program. Drive the process automation and advanced data analytics initiatives to enhance validation efficiency. Telecommuting permitted up to 2 day per week.

Requirements

• Requires a Bachelor’s in Economics, Finance, or a related field
• Requires five (5) years of experience in the position offered or five (5) years as a/an Associate, Analyst, Internal Auditor, Risk Manager, Control Officer, or a related occupation in risk management internal or external audit
• Requires five (5) years of experience with the following skills: process and data validation; data visualization and data analytics; the banking regulatory environment, including with Bank of International Settlements (BIS) principles in Basel III, BCBS 239, FRTB; capital planning requirements and practices from FRB including CCAR, DFAST, OCC, ECB, PRA; core banking, investment and trading products; banking regulations: FRB SR 11-07, SR 12-17, SR 14-08, SR 15-18, PRA SS1/23, EBA CRD/CRR, ECB Guide to ICAAP; data lineage and database schema; working with large data sets, data warehouse, and data lake; IT general controls and business analysis.

Responsibilities

• Perform independent validations of selected firm risk management processes and controls, including those relating to regulatory and Basel requirements.
• Maintain the Risk Process Validation Group Validation Inventory; design the validation program, annual plan and reassess the risk-based prioritization approach.
• Plan, document, and report the validations and continuous monitoring activities (e.g., risk assessments).
• Provide review and challenge to all phases of the individual validations; own issue assessment and socialization, finalize validation memo, review and sign off the validation documentation.
• Present validation plans, issues and observations to senior management and relevant management committees.
• Evolve and enhance the team’s validation methodology and execution capabilities.
• Engage with key stakeholders, governing bodies, and business partners to review status of validation work, results of test work, and quarterly reporting.
• Partner with other independent validation teams within Model Risk Management as well as with Regulatory Reporting Quality Assurance (RRQA) to support a unified end-to-end validation program.
• Drive the process automation and advanced data analytics initiatives to enhance validation efficiency.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level