Morgan Stanley · 1 week ago
Credit Model Risk (Risk Management) : Job Level - Associate/Analyst
New York, NY
Full-time
Onsite
Entry Level
$75K/yr - $95K/yr
3+ years expMorgan Stanley's Firm Risk Management Division is an exciting and rapidly growing space. This role involves performing independent review and model validation for the firm's stress testing models and providing effective challenge to model conceptual soundness.
Asset ManagementFinanceFinancial ServicesLending
Responsibilities
Perform independent review and model validation for the firm's stress testing models for CCAR and BAU stress testing, CECL/IFRS9 models for reserve
Provide effective challenge to the model conceptual soundness, perform independent tests, write comprehensive validation documentation for models validated
Develop challenger model methodologies for the official production models
Effectively communicate model validation conclusions to management - 3+ years' in relevant risk management experience including model risk management and risks analytics preferred
Working knowledge of statistical techniques, quantitative finance and programming is essential; good understanding wholesale lending and retail lending business is preferred
Prior experience with developing or validating models is a plus
Strong written and verbal communication, critical thinking, problem solving and team collaboration skills
Familiarity with coding languages (Python preferred)
Desire to work in a dynamic, team-oriented environment focusing on challenging tasks mixing fundamental, quantitative, and market-oriented knowledge and skills preferred
Qualification
Required
3+ years' in relevant risk management experience including model risk management and risks analytics
Working knowledge of statistical techniques, quantitative finance and programming
Strong written and verbal communication, critical thinking, problem solving and team collaboration skills
Preferred
Masters or Doctorate degree in a quantitative discipline such as Statistics, Mathematics, Physics, Computer Science or Engineering
Good understanding wholesale lending and retail lending business
Prior experience with developing or validating models
Familiarity with coding languages (Python)
Desire to work in a dynamic, team-oriented environment focusing on challenging tasks mixing fundamental, quantitative, and market-oriented knowledge and skills
Benefits
Commission earnings
Incentive compensation
Discretionary bonuses
Other short and long-term incentive packages
Other Morgan Stanley sponsored benefit programs
Company
Morgan Stanley
Morgan Stanley is a financial services company that offers securities, asset management, and credit services.
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
unknown1997-02-05IPO
Leadership Team
James Gorman
Chairman and CEO
Ted Pick
Chief Executive Officer (CEO)
Recent News
South China Morning Post
2026-01-25
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