E*TRADE from Morgan Stanley · 13 hours ago
Vice President - Quantitative Analytics Group (Model Risk Audit)
New York, New York, United States of America
Full-time
Hybrid
Mid, Senior Level
$135K/yr - $202K/yr
6+ years expMorgan Stanley is a leading global financial services firm providing a wide range of investment banking and wealth management services. They are seeking a Vice President for the Quantitative Analytics Group to provide audit coverage, assess model risks, and ensure effective risk management processes. The role involves leading assurance activities and collaborating with stakeholders to enhance model risk governance.
BankingFinanceFinancial Services
Responsibilities
Formulate and lead a wide range of assurance activities to assess model risks within coverage area and the state of controls in place to mitigate them
Audit the model development and validation processes (e.g., review of conceptual soundness, diagnostic testing, implementation and ongoing monitoring) of valuation, risk, capital and liquidity models used for management of Asset Liability Management and Interest Rate Risk in the Banking Book
Review and challenge work performed by issue owners to remediate internal and external issues related to model risk
Proactively identify risk and emerging risk, and factor into model risk assessment and assurance coverage
Articulate actionable insights to model developers and Model Risk Management regarding criticality and impact of model risks to the business in order to provide sound oversight and guidance on appropriate model usage and limitations
Document all work performed in a concise and repeatable manner
Effectively partner with colleagues and stakeholders globally to drive effective working relationships
Align projects and initiatives with department and coverage area priorities, and oversee team's execution of deliverables in accordance with audit methodology and quality standards
Qualification
Required
Advanced knowledge of Anti-Money Laundering, and Asset Liability Management (ALM) and Interest Rate Risk in the Banking Book (IRRBB)
Experience in model development and validation and/or audit across ALM and IRRBB models
Strong knowledge of regulatory expectations, model risk governance, and financial risk management practices
Strong understanding of audit principles, methodology, tools and processes (e.g., risk assessments, planning, testing, reporting and continuous monitoring)
Ability to articulate risk and impact clearly and succinctly to different audiences
Effective change and project management techniques and ability to support teams in adapting new ways of working
Ability to leverage and analyze data to inform focus and views on risk
Ability to coach and mentor others and create an inclusive work environment for team
Masters or PhD in Mathematics, Financial Engineering, Quantitative Finance or hard sciences (e.g., Physics)
Excellent written and verbal communication skills and strong analytical and problem-solving skills
Strong interpersonal skills to interact effectively with internal and external stakeholders
At least 6 years' relevant experience would generally be expected to find the skills required for this role
Preferred
Relevant certifications (e.g., CIA, FRM, CRMA, etc.) preferred
Benefits
Commission earnings
Incentive compensation
Discretionary bonuses
Other short and long-term incentive packages
Other Morgan Stanley sponsored benefit programs
Company
E*TRADE from Morgan Stanley
E*TRADE from Morgan Stanley is a pioneer in the online brokerage industry.
1001-5000 employees
Funding
Current Stage
Public CompanyTotal Funding
unknown2020-02-20Acquired
1996-08-16IPO
Leadership Team
Julia Miller
Executive Director, Creative Services
Recent News
2025-11-07
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