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

Are you ready to make a significant impact in the world of finance? Look no further than Morgan Stanley's Model Risk team. We are seeking a highly experienced and dynamic Vice President to join our Risk Management division. As a leader in this role, you will have the opportunity to shape and execute our model risk strategy, ensuring the accuracy and effectiveness of the models used to drive critical business decisions. If you have a strong background in risk management and a passion for driving change and innovation, we want you on our team. Join us and be a part of a dynamic and collaborative environment where your skills and expertise will be valued and rewarded.\n\nDevelop and implement the model risk strategy for Morgan Stanley's Risk Management division.
Oversee and manage all aspects of model risk management, including model validation, monitoring, and governance.
Collaborate with cross-functional teams to ensure the accuracy and effectiveness of models used for critical business decisions.
Identify potential risks and issues with existing models and propose solutions to mitigate them.
Stay updated on industry best practices and regulatory requirements related to model risk management.
Lead and mentor a team of risk professionals, providing guidance and support for their development.
Drive innovation and continuous improvement in the model risk management process.
Communicate effectively with senior management and other stakeholders to provide updates on model risk management activities.
Work closely with business units to understand their needs and provide guidance on model selection and usage.
Monitor and report on model performance and effectiveness, identifying areas for improvement.
Ensure compliance with internal policies and external regulations related to model risk management.
Conduct training and awareness sessions for employees on model risk management best practices.
Act as a subject matter expert on model risk management, providing guidance and support to other teams within the organization.
Collaborate with external auditors and regulators to ensure compliance with model risk management standards.
Participate in strategic planning and decision-making processes for the company's overall risk management approach.
Morgan Stanley is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.