Model Risk Quantitative Auditor
Are you a detail-oriented and analytical individual with a strong background in quantitative analysis? Do you have a passion for mitigating risk and ensuring compliance in the financial services industry? Morgan Stanley is seeking a highly skilled Model Risk Quantitative Auditor to join our dynamic team. As a member of our audit team, you will play a crucial role in identifying and assessing potential risks related to our models and quantitative processes. We are looking for someone who is highly organized, has excellent communication skills, and is able to work independently and collaboratively with a diverse group of stakeholders. If you are ready to take on a challenging and rewarding role in the world of finance, we encourage you to apply for this position.
- Conduct thorough and comprehensive audits of models and quantitative processes within the financial services industry in accordance with regulatory requirements and company standards.
- Identify potential risks and vulnerabilities in models and quantitative processes, and provide recommendations for improvement.
- Analyze and interpret complex data and financial information to assess the accuracy, reliability, and validity of models and processes.
- Develop and maintain strong working relationships with stakeholders, including model owners, developers, and senior management.
- Communicate audit findings and recommendations clearly and effectively to all levels of the organization.
- Create detailed audit reports and documentation to summarize findings and provide actionable insights.
- Stay informed on industry trends, regulations, and best practices related to model risk and quantitative analysis.
- Collaborate with cross-functional teams to develop and implement strategies for mitigating risk and ensuring compliance.
- Monitor and track progress on recommended actions and provide ongoing support to ensure timely and effective implementation.
- Continuously review and improve audit processes and procedures to enhance efficiency and effectiveness.
Strong Understanding Of Risk Management Principles And Experience In Quantitative Modeling: A Candidate For This Role Should Possess A Deep Understanding Of Risk Management Concepts And Techniques, As Well As Experience In Building And Validating Quantitative Models.
Expertise In Financial Mathematics And Statistical Analysis: The Ideal Candidate Should Have A Strong Background In Financial Mathematics And Statistics, With Experience In Developing And Implementing Complex Models For Risk Measurement And Management.
Knowledge Of Regulatory Requirements And Industry Best Practices: The Role Of A Model Risk Quantitative Auditor Requires A Thorough Understanding Of Regulatory Requirements And Industry Best Practices For Model Risk Management, Including Basel Ii/Iii, Ccar, And Sr11-7.
Strong Analytical And Problem-Solving Skills: As A Model Risk Quantitative Auditor, The Candidate Should Be Able To Critically Analyze Complex Models, Identify Potential Risks And Limitations, And Propose Appropriate Solutions To Mitigate These Risks.
Excellent Communication And Interpersonal Skills: This Role Involves Working Closely With Various Stakeholders, Including Model Developers, Risk Managers, And Regulators. Therefore, Strong Communication And Interpersonal Skills Are Essential For Effectively Conveying Complex Technical Concepts And Building Relationships With Others.
Risk Management
Data Analysis
statistical analysis
Financial Modeling
Quantitative Analysis
Risk assessment
Regulatory compliance
Fraud
Model validation
Audit planning
Audit reporting
Financial Markets
Communication
Conflict Resolution
Emotional Intelligence
Leadership
Time management
Interpersonal Skills
creativity
Teamwork
Adaptability
Problem-Solving
According to JobzMall, the average salary range for a Model Risk Quantitative Auditor in Newport Beach, CA, USA is $130,000 to $160,000 per year. However, this can vary depending on the specific company, years of experience, and level of education of the individual. Some companies may offer higher salaries for candidates with advanced degrees or specialized skills. Additionally, bonuses and benefits may also be included in the overall compensation package.
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Morgan Stanley provides investment banking products and services to its clients and customers including corporations, governments, financial institutions, and individuals. It operates through the following business segments: Institutional Securities, Wealth Management, and Investment Management. The Institutional Services segment provides financial advisory, capital-raising services, and related financing services on behalf of institutional investors.
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