• Wealth Managment Risk - Model Documentation - Associate Jobs in United States Of America

  • Morgan Stanley Pvt Ltd
  • United States Of America, Usa

Job Description:

Primary Location Americas-United States of America-New York-Purchase

Education Level Bachelors Degree

Job Wealth Management

Employment Type Full Time

Job Level Associate

Description

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services The Firms employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries

Morgan Stanleys Wealth Management (WM) provides a range of wealth management products and services for individuals, businesses and institutions through 16,000 advisors managing and advising more than $2 trillion of client assets The groups services include brokerage and investment advisory, financial and wealth planning, credit and lending, cash management, annuities and insurance, retirement, trust and estate planning, stock plan administration and institutional consulting

Morgan Stanley Wealth Management Risk group is responsible for overseeing the risk and control framework within the Wealth Management business unit The group teams up with the various business units as well as the Firm Risk Management group to implement control processes and procedures and protect the firm from exposure to various risks including operational, credit, investment, trading, reputational and model risk

The position will reside within WM Model Risk The Model Control Function team oversees the model inventory for all WM models (including Position Valuation models and Investment Decision Support models), builds relevant policies, procedures and governance structures and participates in the certification and roll-out of models that are part of the Wealth Management inventory

This role involves specifically the documentation and certification of WM models, mostly vendor models purchased by Morgan Stanley and tailored for its client advisory business In this new role, the applicant will be responsible for building the documentation of the given models by liaising with the model developers and obtaining certification from the Model Risk Management team (second line of defense)

Primary Responsibilities

Work with model developers and understand the model methodology, process and implementation
Write the model documentation as per the Morgan Stanley model documentation template
Submit documentation set to Model Risk Management team for certification
Liaise with Model Risk developers to perform additional tests or produce clarifications as requested by the certification process

Secondary Responsibilities

In addition to his/her primary role, the candidate is expected to spend 20 PERCENT of his/her time backing up the model governance team in managing daily signoff, administrating the Model and Market Risk Committee and other governance items as needed

Qualifications

The applicant should have at least a bachelor degree in a quantitative field and a minimum of five years of experience at a financial institution or consulting firm in an analytical function The applicant should also have some experience building and documenting financial models Investment or Portfolio Management experience is a plus The applicant should be interested in technical writing, process oversight and management, as well as possess the technical aptitude to perform in-depth quantitative analysis Work history should demonstrate strong attention to details, execution and project management skills, and the ability to influence and coordinate within cross-functional teams

Skills required
Excellent technical writing skills
Excellent verbal communication skills, with the ability to communicate with key stakeholders
Detail oriented with good organizational skills
Advanced working knowledge of MS Excel, PowerPoint, Word, and SharePoint
Superior analytical thinking and problem solving abilities
Leadership potential with strong relationship building skills
Self-starter, self-motivator and team player who brings a can-do approach

Profile Summary:

Employment Type : Full Time
Eligibility : Any Graduate
Industry : Financial Services/Stockbroking
Functional Area : Banks/Insurance/Financial Services
Role : Banking -General
Salary : As per Industry Standards
Deadline : 16th Feb 2020

Key Skills:

Company Profile:

Company
Morgan Stanley Pvt Ltdarfix

Salary trends based on over 1 crore profiles

View Salaries

All rights reserved © 2018 Wisdom IT Services India Pvt. Ltd DMCA.com Protection Status