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E*TRADE from Morgan Stanley · 8 hours ago

Model Risk - PPNR (Risk Management) : Job Level - Analyst

New York, New York, United States of America

Full-time

Onsite

New Grad, Entry Level

$75K/yr - $95K/yr

0+ years exp

E*TRADE from Morgan Stanley is a leading financial services firm focused on risk management. The Analyst role involves performing model validation and developing methodologies for PPNR models while ensuring compliance with regulatory standards.

BankingFinanceFinancial Services

Responsibilities

Perform independent review and model validation for the firm's Pre-Provision Net Revenue (PPNR) models, compliant with Model Risk Management policies and procedures, regulatory guidance, and industry leading practices

Develop challenger model methodologies for the official production models

Write comprehensive validation documentation for models validated

Effectively communicate model validation conclusions to senior management and relevant stakeholders

Represent Model Risk Management team in interactions with regulatory agencies

Qualification

Model Risk ManagementStatistical TechniquesQuantitative FinanceProgramming RProgramming PythonPPNR ModelsFixed Income ProductsTreasury Investment PortfolioRegulatory RequirementsCommunication SkillsCritical ThinkingProblem SolvingTeam Collaboration

Required

0-2 years in relevant risk management experience including model risk management and risks analytics preferred

Masters or Doctorate degree in a quantitative discipline such as Statistics, Mathematics, Physics, Computer Science or Engineering is preferred

Working knowledge of statistical techniques, quantitative finance and programming is essential; good understanding of various complex financial instruments is preferred

Prior experience with developing or validating models is a plus

Expertise in PPNR Models

Prior experience with fixed income products (for example, securitized products, rates and corporate credit) is a plus

Prior experience with the treasury investment portfolio is a plus

Strong written and verbal communication, critical thinking, problem solving and team collaboration skills

Familiarity with coding languages (R and Python preferred)

Familiarity with regulatory requirements e.g., Comprehensive Capital Analysis and review (CCAR), Internal capital adequacy assessment processes (ICAAP) and regulators such as Fed, Office of the Comptroller of the Currency (OCC), Property Reserve Analysis (PRA), European Banking Authority (EBA) is desired

Desire to work in a dynamic, team-oriented environment focusing on challenging tasks mixing fundamental, quantitative, and market-oriented knowledge and skills preferred