Quantitative Model Auditor Company Profile: - Morgan 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. As a market leader, the talent and passion of our people is critical to our success. - Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture. Department Profile : - Internal Audit is responsible for validating whether the firm operates in a controlled environment with appropriate risk-management processes. - Auditors evaluate the adequacy and effectiveness of the firm's internal controls using a risk-based methodology developed from professional auditing standards. Internal Audit assists in monitoring the firm's compliance with internal guidelines set for risk management and risk monitoring, as well as external rules and regulations governing the industry. - The team reports directly to the Board Audit Committee and helps verify whether the firm meets all of its fiduciary responsibilities to shareholders, while adhering to corporate-governance standards and legal and regulatory requirements. Internal Audit is comprised of Business, Risk and Technology auditors. Business and Risk auditors focus on understanding the risks that the businesses face and the controls to mitigate those risks. - Technology auditors focus on the application controls supporting the business processes, including systems development, application security and entitlements, production management, and technology governance. Both groups are responsible for understanding, analyzing and testing the controls to protect the franchise. The QAG team within Internal Audit is responsible for: - Secondary Reviews of Quantitative Models and Validations: audit the model development and validation methods and procedures of the Market Risk Analytics Group, Operational Risk Analytics Group, Credit Capital and Rating Analytics, Institutional Securities Group and Model Risk Management on an annual basis. - These audits cover the firm's key capital, risk and pricing models, including: Comprehensive Capital Analysis and Review (CCAR), Value at Risk (VaR), Stressed VaR, Stress-VaR, Incremental Risk Charge, Comprehensive Risk Measure, Advanced&nbsp;Measurement Approach (AMA Operational Risk), Retail, Wholesale and Securitization Credit models and the full range of front office pricing models. - Closure Verification of Regulatory Findings: verify work performed by the above mentioned clients to remediate regulatory findings in the form of Matters Requiring Immediate Attention (MRIA), Matters Requiring Attention (MRA), Market Risk Rules (MRR) and Observations. This involves a review of methodology and testing performed, and, as necessary, additional testing by QAG. Primary Responsibilities:&nbsp; - Carrying out detailed quantitative audit of Market Risk, Credit Risk and Operational Risk models and validations. - Carrying out detailed quantitative audit of pricing models and validations. - Provide support on financial derivatives, risk analytics in other Internal Audit engagements. - Documenting all work performed in a clear, concise, and re-performable manner; uploading all work papers and reports into the Internal Audit work paper system - Tracking and closing technical findings identified by US Federal - Regulators or UK regulators (PRA), or resulting from model audits. - Periodic reporting to senior management. Skills required : - Good understanding of quantitative finance and model development Knowledge of financial markets, financial mathematics and a basic fluency in stochastic calculus, statistics and Monte Carlo methods. - Strong interpersonal skills in order to interact confidently within Internal Audit and with internal clients. Skills desired: - Knowledge of derivative pricing models across multiple asset classes. - Knowledge of industry practice in risk modeling methodologies. - Knowledge of a wide range of financial products (Equities, Fixed Income, Commodities) and their derivatives pricing models.

Mumbai

Morgan Stanley - Quantitative Model Auditor - Internal Audit 

Morgan Stanley - Quantitative Model Auditor - Internal Audit  ,Job Description for Morgan Stanley - Quantitative Model Auditor - Internal Audit  in Morgan Stanley in  Mumbai for (3-10) years of experience. Apply Now!

Job Description for Morgan Stanley - Quantitative Model Auditor - Internal Audit  in Morgan Stanley in  Mumbai for (3-10) years of experience. Apply Now!