We are searching a Model Risk Associate within Firm Risk Management's Model Risk Management Department which is dedicated to providing independent model risk control, review and validation of models used by Morgan Stanley. These include derivative pricing models utilized across product areas, including interest rates, currencies, commodities, equities, credit, and securitized products. This is in addition to oversight of models used to monitor counterparty credit risk (CVA/IMM), credit risk (IRB), market risk (IMA), operational risk, capital and liquidity stress tests.

• Conduct model validation for interest rate/FX/Hybrid pricing models by challenging model assumptions, mathematical formulation, and implementation • Conduct independent testing to assess model accuracy and robustness under different scenarios and market conditions • Assess and quantify model risks due to model limitations and develop compensating controls • Develop high-quality validation reports highlighting risks and limitations of models and communicate findings to stakeholders and senior management • Collaborate with Global MRM teams, Developers, Model Control Officers, Valuation Control and Risk Managers to manage model risk across the model lifecycle • Contribute to cultivating and managing effective relationships with regulators by providing accurate and timely submissions