Description

We're seeking someone to join our team as a Vice President within the Internal Audit's Quantitative Analytics Group(QAG) in Mumbai

The Internal Audit Division (IAD) drives attention and resources to vulnerabilities by providing an independent and well-informed view and impactful messages about the most important risks facing our Firm. This is accomplished by performing a range of assurance activities to independently assess the quality and effectiveness of Morgan Stanley's system of internal control, including risk management and governance systems and processes. IAD serves as an objective and independent function within the Firm's risk management framework to foster continual improvement of risk management processes. This is a VP level position position within our Technical Specialist function, which is responsible for providing extensive subject matter expertise and reinforcing the ability of business and technology audit teams to appropriately assess risk and determine and execute coverage

Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.

What you'll do in the role:

• Carrying out detailed quantitative audit of CCAR, Capital Planning, PPNR, Stress loss, scenario design model development and validation processes.
• Documenting all work performed in a clear, concise, and re-performable manner.
• Tracking and closing model-related findings.
• Providing subject matter expertise on models and model risk to internal audit teams globally.
• Conducting continuous monitoring activities to identify and assess emerging and existing model risks.
• Collaborating with global audit peers to identify risk themes and assess broader implications across business segments.
• Managing resource deployment and quality control across audit engagements to ensure timely and effective delivery.
• Mentoring and developing team members by identifying stretch opportunities and supporting technical growth
• Secondary Reviews of Quantitative Models and Validations: Audit the model development, validation methods and procedures of CCAR / time series models. The tasks include review of conceptual soundness, diagnostic testing, implementation and ongoing monitoring of complex pricing models, engines, and reserve methodologies
• Liaisons with Capital Planning, Model Risk Management and Finance functions to provide oversight and guidance on model risk and appropriate usage, controls around model restrictions & limitations, and findings for ongoing performance assessment & testing
• Keep up with the latest developments in coverage area in terms of products, markets, models, risk management practices and industry standards, and emerging trends in the industry.
• Closure Verification of Findings: Review and challenge work performed by issue owners to remediate internal and external findings

Primary Responsibilities

• Masters or PhD in Mathematics, Financial Engineering, Quantitative Finance etc. preferably with a first degree in Math, Engineering etc.
• At least 8 years' relevant experience would generally be expected to find the skills required for this role
• Experience in model development, validation, or audit across CCAR / Capital Planning models
• Strong knowledge of regulatory expectations, model risk governance, and financial risk management practices
• Ability to lead complex audits, communicate effectively with regulators, and influence senior stakeholders
• Demonstrated critical and analytical thinking, sound judgement, and a collaborative, inclusive approach to problem-solving
• Strong Knowledge of capital planning and financial products
• Firm grasp of models used in Capital Planning processes like regression models etc.
• Excellent written and verbal communication skills and very strong analytical and problem-solving abilities
• Strong interpersonal skills in order to interact confidently within Internal Audit and with internal clients

Coverage

• Monday to Friday from 12:00PM to 9:00PM India time with flexibility on standard working hours for time sensitive matters.
• Periodic evening calls with US and EMEA Internal Auditors and auditees

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients - helping them reach their goals. We do it in a way that's differentiated - and we've done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.