What will you be doing?
> Lead a team of quantitative model reviewers to conduct initial and periodic reviews of exotic equity derivatives valuation models. Ensure the timely delivery of thorough review work in accordance with regulatory requirements and model risk management policies and procedures.
> Identify, measure, communicate and decide on significant model risk issues in the coverage area. This includes model usage in the firm's books & records, risk management, downstream capital model inputs, P&L attribution, and stress loss calculations.
> Partner with model owners and developers to better understand and address model limitations.
> Review and identify any model usage gaps on new products, new business initiatives and new material exposures.
> Drive changes together with risk managers through clear and collaborative decision making to enhance model risk governance.
> Provide accurate information in compliance with regulatory requirements on both the existing model inventory and any changes to it. What we're looking for:
> Masters or Ph.D. degree (or equivalent) in Finance, Economics, Mathematics, Physics, Engineering, or a related quantitative field.
> The ideal candidate should have at least 10 years of strong experience in derivatives pricing models, gained in a quantitative development or validation role at a financial institution (and preferably, in an equity derivatives business).
> Experience in advancing ideas and challenging complex mathematical models, where appropriate. The ideal candidate should be able to manage through influence, facilitating and gaining consensus.
> Strong stakeholder management skills and team management experience. Experience managing quant teams and stakeholders in a global setting is a plus.
> The ability to effectively communicate with a wide range of stakeholders, both in writing and verbally.
> An interest in working in a fast-paced environment, often balancing multiple high priority deliverables.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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.

Expected base pay rates for the role will be between $165,000 and $275,000 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).