Model Risk (Risk Management) : Job Level - Associate

Model Risk Management - Associate, Capital and Risk Weighted Assets As a member of Morgan Stanley’s Firm Risk Management team, you will protect the firm’s capital base and franchise by collaborating with business units to assess and manage model risk for capital and risk‑weighted asset (RWA) calculations. Your work will involve model validation, testing, and reporting that support regulatory initiatives such as CCAR, FRTB, and Basel III. Primary Responsibilities Conduct model validation for market risk and credit risk RWA models used in CCAR and other stress testing guidelines by questioning model assumptions, mathematical formulation, and implementation. Develop and implement independent testing ideas and frameworks to assess model accuracy and robustness under different scenarios and market conditions. Contribute to the development and independent review of monitoring tools, and quantify model risks arising from model limitations, including the development of compensating controls. Prepare high‑quality validation reports that highlight risks and limitations of models and communicate findings to stakeholders, senior management, and governance committees. Collaborate with Global MRM teams, Model Control Officers, Regulatory Capital Controllers, Finance and Risk Managers to manage model risk throughout the model lifecycle. Assist in cultivating and managing effective relationships with regulators by providing accurate and timely submissions. Qualifications Master’s degree (or equivalent) in Finance, Economics, Mathematics, or a related quantitative field. Experience with credit risk or market risk in a financial institution. Minimum of 2 years of relevant experience in model validation, development, finance, or change management. Knowledge of financial products and regulatory capital frameworks (SA‑CCR, FRTB, Basel III) is a plus. Experience with regulatory capital, CCAR, and other supervisory stress testing is a plus. Strong written and verbal communication skills. Ability to partner effectively with team members and broader organization stakeholders. Interest in a fast‑paced environment with multiple high‑priority deliverables. Experience developing model testing, with IT implementation using Python, R, Alteryx, and Excel VBA is a plus. Expected base pay rates for this role will be between $100,000 and $140,000 per year at the commencement of employment. Total compensation may also include commission earnings, incentive compensation, discretionary bonuses, and other benefits. Morgan Stanley is an equal opportunity employer committed to building and maintaining a diverse workforce. Our recruiting efforts reflect a strong commitment to inclusion; individuals are hired, developed, and advanced based on their skills and talents. For more information, please visit #J-18808-Ljbffr Morgan Stanley