• Morgan Stanley - Model Risk Management Role - Financial Crime Models Jobs in Mumbai,India

  • Morgan Stanley
  • Save Job
  • 5 - 9 Years
  • Posted : above 1 month

Job Description:

Mumbai Model Risk Management - Financial Crimes Models

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 Our 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 We 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

- The cornerstone of Morgan Stanleys risk management philosophy is the execution of risk-adjusted returns through prudent risk-taking that protects our capital base and franchise Risk Management protects us from exposure to losses resulting from market volatilities and defaults by our lending and trading counterparties

Background on the Position

- We, at Morgan Stanley, are establishing a new Model Risk Management (MRM) team within our Mumbai office Our Global MRM team is broadly responsible for the risk management of all of our models involving model validation, risk assessment, and governance

- We are seeking you to help manage a new team responsible for the review, validation, and risk assessment of models used both in risk management, and capital planning This position focuses on identifying and mitigating model risk involving financial crime or fraud detection

Primary Responsibilities

You would

- Engage in quantitative model review and risk assessment of risk and capital models

- Follow regulatory trends and the evolution of AML and fraud trends, taxonomies, and schemes

- Write model risk management findings in technical documents that will be presented both internally (model developers, business unit managers) as well as to regulators

- Verbally communicate results and debate issues, concerns and methodologies with internal audiences including senior management

- Coordinate teams tasks and escalate issues in a timely manner

Qualifications

Skills required (essential)

You must

- Possess Bachelors, Masters or Doctorate degree in a technical or quantitative finance-related area

- Establish and manage a team of quantitative professionals providing independent review and risk management of financial crimes models

- 5+ years experience with banking compliance/AML/fraud prevention or testing

- Experience covering (preferably at a financial institution)

- Transaction monitoring systems

- Customer due diligence and/or risk scoring

- Have exposure to and experience in financial markets, products and businesses

- Have 5+ years of work experience in a bank or financial institution

- Be familiar with popular machine learning techniques

- Have strong written and verbal communication skills; be comfortable debating issues and making formal presentations

- Have desire to work in a dynamic, team-oriented environment focusing on concerning tasks mixing fundamental, quantitative and market-oriented knowledge and skills

Skills preferred

- ACAMS certification (or achieve certification within first year with MRM)

- Demonstrated knowledge of anti-money laundering (- AML- ) rules, regulations, best practices and typologies

- Data science, machine learning/artificial intelligence, Python

- Experience working with data visualization packages (Tableau, QlikView)

Profile Summary:

Employment Type : Full Time
Salary : Not Mentioned
Deadline : 16th Jan 2020

Key Skills:

Company Profile:

Not Mentioned

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