Model Risk Quantitative Auditor
Welcome to Morgan Stanley, a global financial services firm with a rich history and a dynamic future. We are seeking a highly skilled and motivated individual to join our team as a Model Risk Quantitative Auditor. In this role, you will play a critical role in ensuring the accuracy and effectiveness of our risk models, a key component of our risk management framework. We are looking for someone who is passionate about quantitative analysis, has a strong understanding of financial markets, and is committed to upholding the highest standards of integrity and professionalism. If you are ready to take on a challenging and rewarding role in a fast-paced and collaborative environment, we encourage you to apply for this exciting opportunity.
- Conduct thorough and independent audits of risk models to ensure accuracy and effectiveness.
- Evaluate the design and implementation of risk models, identifying any potential weaknesses or areas for improvement.
- Utilize quantitative analysis techniques to assess the performance and validity of risk models.
- Collaborate with cross-functional teams to gather and analyze data from various sources.
- Develop and maintain documentation of audit findings, including recommendations for remediation.
- Stay up-to-date with industry best practices and regulatory requirements related to risk modeling.
- Communicate audit results and recommendations to stakeholders, including senior management.
- Participate in the development and enhancement of risk management policies and procedures.
- Identify and escalate any potential risks or issues related to risk models.
- Maintain a high level of integrity and professionalism in all interactions and work products.
- Demonstrate a strong understanding of financial markets and the role of risk management in the financial services industry.
- Actively contribute to a collaborative and fast-paced team environment.
- Continuously seek opportunities for process improvement and efficiency.
- Adhere to all company policies and procedures, as well as industry regulations and standards.
- Attend training and professional development opportunities to enhance skills and knowledge.
Strong Knowledge Of Financial Modeling: The Ideal Candidate Should Possess A Comprehensive Understanding Of Various Financial Modeling Techniques, Such As Monte Carlo Simulations, Stochastic Calculus, And Time Series Analysis. They Should Also Have Experience With Complex Financial Products And Their Associated Risks.
Extensive Audit Experience: Candidates Should Possess A Minimum Of 5 Years Of Experience In Risk Or Financial Auditing, Preferably In A Financial Institution. They Should Have A Strong Understanding Of Audit Methodologies And Regulatory Requirements And Be Able To Apply Them To The Model Risk Management Function.
Advanced Quantitative Skills: The Candidate Must Have Strong Quantitative Skills, Including Proficiency In Statistical Analysis And Programming Languages Such As R, Python, Or Sas. They Should Also Have Experience With Database Management And Data Mining Techniques.
Knowledge Of Regulatory Requirements: The Ideal Candidate Should Have A Deep Understanding Of Regulatory Requirements And Guidelines Related To Model Risk Management, Such As Sr 11-7, Ccar/Dfast, And Basel Iii. They Should Also Be Familiar With Industry Best Practices And Emerging Trends In Model Risk Management.
Communication And Collaboration Skills: The Candidate Must Have Excellent Communication Skills And Be Able To Effectively Communicate Complex Technical Concepts To Non-Technical Stakeholders. They Should Also Be Able To Work Collaboratively With Cross-Functional Teams, Including Model Developers, Risk Managers, And Business Stakeholders.
Risk Management
Communication Skills
Data Analysis
statistical analysis
Excel
Financial Modeling
Quantitative Analysis
Report Writing
Risk assessment
Compliance monitoring
Regulatory Knowledge
Audit Procedures
Communication
Conflict Resolution
Leadership
Time management
creativity
Attention to detail
Teamwork
Adaptability
Problem-Solving
Empathy
According to JobzMall, the average salary range for a Model Risk Quantitative Auditor in Chicago, IL, USA is approximately $85,000-$120,000 per year. This can vary depending on factors such as experience, education, and the specific company or organization hiring.
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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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