Associate - Model Risk Management - Quality Assurance Specialist Department Profile : The cornerstone of Morgan Stanley's risk management philosophy is the execution of risk-adjusted returns through prudent risk-taking that protects Morgan Stanley's capital base and franchise. Risk Management protects the firm from exposure to a variety risks including market, operational, credit, liquidity and model risks. Model Risk Management is responsible for the Firm's management of risks related to the implementation and use of models, covering all aspects of the Firm's businesses and implementing key regulatory requirements. MRM QA Team: The MRM Quality Assurance team has primary responsibility for the oversight and execution of the quality assurance function within Model Risk Management. The QA team works closely with Model Developers and Reviewers to ensure that MRM's model development and validation standards are applied consistently across all models. MRM QA : The QA specialist reports into the regional QA VP team lead and will support all aspects of the MRM Quality Assurance function. Primary Responsibilities : - Perform targeted Quality Assurance review across all model categories to ensure consistent application of standards - Monitor and track progress towards remediation of identified inconsistencies - Provide feedback in terms of improvements to current policies and procedures and identify and promote best practices to strengthen quality of validation review and prevent inconsistencies Skills Required : - 3 to 7 years of experience in complex financial services. - Knowledge of quality assurance testing processes and concepts - Strong organizational, analytical and problem solving, as well as communication skills - Ability to manage processes from end to end, ensuring successful and timely execution - Product and business knowledge across different asset classes - Proactively takes initiative and demonstrates a high level of accountability - Understanding of relevant regulatory requirements (e.g. SR 11-7 and/or SR 15-18) Skills Desired : - Prior work experience in model risk management or internal audit - Knowledge and experience of CCAR/DFAST processes

Mumbai

Morgan Stanley - Associate - Model Risk - Quality Assurance Specialist 

Morgan Stanley - Associate - Model Risk - Quality Assurance Specialist  ,Job Description for Morgan Stanley - Associate - Model Risk - Quality Assurance Specialist  in Morgan Stanley in  Mumbai for (3-7) years of experience. Apply Now!

Job Description for Morgan Stanley - Associate - Model Risk - Quality Assurance Specialist  in Morgan Stanley in  Mumbai for (3-7) years of experience. Apply Now!