New York, NY, 10176, USA
1 day ago
Vice President, Scenario and Credit Stress Analytics COO
Firm Risk Management Morgan Stanley's Firm Risk Management (FRM) Division is an exciting and rapidly growing space. We support Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses because of credit, market, liquidity, model and other risks. Background on the Position The role will reside within the Firm Risk Management's Risk Analytics area. Risk Analytics develops market risk, credit risk and scenario analytics models. These mathematical and statistical models provide an overall calculation of market risk across asset classes (e.g. equities, credit), the credit risk of borrowers and their expected losses, the calculation of risk in a time of increased economic stress (i.e. stress testing), and the generation of scenarios associated with increased economic stress. Morgan Stanley is seeking a VP to join the Scenario and Credit Stress Analytics (SCSA) department. SCSA is responsible for producing macroeconomic scenarios and forecasts used in Firm-wide capital planning, budgeting, and loss assessment. Additionally, SCSA is responsible for developing state-of-the-art credit stress testing models and ACL models to support capital planning and risk management. SCSA is seeking a senior individual to support the Head of the Department in driving forward key deliverables. The person will work with the global team to set the delivery agenda for and ensure timely execution of production stress testing activities across the Firm for a range of regulatory regimes. Primary Responsibilities - Liaise with stakeholders across the Firm to set and manage production timelines and deliverable of key initiatives. - Coordinate among team leads in the department to ensure effective communication. - Work across teams to explore synergies and increase effectiveness and efficiency of the department. - Lead engagements and remediation efforts to address findings and audits points from IAD, process review, MRM, and external regulators. - Think out-of-the box and showcase progress of Scenario and Credit Stress Analytics growing capabilities and automation efforts to forums across Risk Management, Finance, and Technology - Maintain strong presence at senior committees and working groups to communicate the team's progress across its project and data governance initiatives. Qualifications - Outstanding written and verbal communication skills; ability to articulate complex ideas and deliverables in a simple way with clear benefits - Strong business acumen with an analytical, results oriented mind-set - Highly adept in the art of management by influence, with strong organizational, change and project management skills - Intimate understanding of database and systems architecture and design - Master's degree in a quantitative field - 8 years of experience in process management/re-engineering, business analysis, or technology project management, preferably within the financial services industry - Culture leader who can empower the team and bring positive energy to a global, fast-paced, team-oriented environment Expected base pay rates for the role will be between $120,000 and $200,000 year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs. Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees. It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law. Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet). Firm Risk Management values diversity and is committed to providing a supportive and inclusive workplace for all employees.? This role is hybrid and currently requires in office attendance 3 days/week. The in office requirement is subject to change at any time. **Job:** **Risk Analytics* **Title:** *Vice President, Scenario and Credit Stress Analytics COO* **Location:** *New York-New York* **Requisition ID:** *3265145*
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