Model Risk (Risk Management) : Job Level - Associate
$100,000–$140,000 year
On-site · New York City, New York, United States
Job Summary
Validate commodities pricing models and tools within Morgan Stanley's Model Risk Management. Perform independent model testing, assess documentation for fitness and policy adherence, and clearly communicate conclusions to 1LOD/2LOD/3LOD. Develop remedial actions and contribute to governance through high-quality model and tool review reports. Collaborate with developers, desk strategists, Market Risk, and Valuation Control to ensure models meet high standards and support evolving business needs. Requires 5+ years in derivative pricing model development/validation with commodities focus, expertise in quantitative methods, and proficiency in statistical software and machine learning; strong leadership and communication skills are essential.
Required Qualifications
- At least 5 years of experience in derivative pricing model development and/or validation, with a focus on Commodities and related asset classes (Rates and FX)
- Proficiency in statistical software packages, data mining and machine learning techniques
- Masters degree or PhD in a quantitative discipline or Finance
- Strong analytical, leadership, and communication skills; ability to engage with senior leaders and stakeholders
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