Vice President, Model Risk (Risk Management)

Are you a highly experienced risk management professional with a passion for leading and implementing effective model risk management strategies? Do you have a strong background in financial services and a deep understanding of regulatory expectations? Morgan Stanley is seeking a driven and dynamic individual to join our team as Vice President, Model Risk in our Risk Management department. As VP, you will play a critical role in identifying, assessing, and mitigating model risks across the firm. This is a unique opportunity to make a meaningful impact and further develop your career in a fast-paced and challenging environment. If you possess the necessary qualifications and have a strong commitment to excellence, we want to hear from you.

1. Develop and implement model risk management strategies in alignment with regulatory expectations and industry best practices.
2. Lead and oversee the identification, assessment, and mitigation of model risks across the organization.
3. Collaborate with various departments and stakeholders to ensure effective communication and coordination of model risk management efforts.
4. Conduct thorough reviews and evaluations of existing models and propose enhancements or modifications as needed.
5. Stay updated on industry developments and regulatory requirements related to model risk management and incorporate them into the organization's practices.
6. Provide guidance and support to junior team members, including training and mentoring.
7. Prepare and present reports and presentations to senior management and regulatory agencies.
8. Develop and maintain strong relationships with internal and external stakeholders, including regulators and auditors.
9. Continuously monitor and assess the effectiveness of model risk management processes and make recommendations for improvement.
10. Respond to and address any identified model risk issues or concerns in a timely and effective manner.
11. Support the development and maintenance of policies, procedures, and controls related to model risk management.
12. Collaborate with other risk management teams to ensure a holistic and integrated approach to risk management within the organization.
13. Proactively identify and escalate emerging model risks to senior management and provide recommendations for mitigation.
14. Drive a culture of risk awareness and accountability throughout the organization.
15. Represent Morgan Stanley in industry conferences and events related to model risk management.

According to JobzMall, the average salary range for a Vice President, Model Risk (Risk Management) in New York, NY, USA is between $160,000-$250,000 per year. Factors that can impact the salary range include the candidate's experience, education, and the specific company and industry they are working for. Additionally, location and cost of living can also affect the salary range for this position.

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.