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Change Development Manager - Benchmarking
Project Manager
Swindon, UK
posted 1 day ago
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EMEA Credit Risk Methodology, IRB Models - Executive Director at Morgan Stanley
Job Reference: 3117124
Job type Job locationLondon, UK
Job description
Company ProfileMorgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.
As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Department Profile
The EMEA Risk Management Division is responsible for the independent identification, analysis, reporting and escalation of all market, credit and operational risk exposures arising from UK Group business activities, acting independently of the business and providing an effective challenge process. The Credit Risk Methodology Group is responsible for development of credit models for exposure calculations, credit capital calculations and credit risk rating models for risk managements.
Primary Responsibilities
Credit Risk Methodology Group (CRMG) is responsible for the development of credit risk rating models (IRB) for risk management purposes.
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Before you apply, we encourage you to learn more about Morgan Stanley
Be unique. Be authentic. However you prefer to say it, we really mean it. Our culture embraces people’s diverse perspectives and creates a positive environment where everyone belongs. We’re determined to build a better, more connected world for everyone.
Employer Focus
• Develop or enhance current IRB models for UK/US ensuring compliance with regulators
• Work closely with Global Head of IRB and other Senior Managers to formulate stratedgy
• Lead a team of 2/3 people
• Lead interaction with Model Validation team
• Oversee Quantitative/Benchmarking exercises
• Ensure all Pre/Post notifications for IRB models are up to standards expected by regulators
• Review Monitoring reports and liaise with monitoring team for any changes in reports
• Interact regularly with credit analysts, capital teams, model risk team, among others
• Provide support to regulatory gap assessments
• Prepare workshop materials for regulatory interactions
• Assess current implementation against Basel rules/CRR and address gaps
Qualifications
Skills required (essential)
• Master's degree or PhD degree or equivalent background in a quantitative discipline
• Hands-on experience and solid skills of credit risk modeling.
• Experience in developing IRB credit exposure methodologies is required.
• Knowledge of wholesale exposure modelling
• Strong understanding of credit products and associated risks
• Strong analytical and programming skills (Matlab and R).
• Experience in SAS, or SQL is desired.
• Experience in working with regulators would be an advantage.
• Excellent communication, written, presentation and relational skills.
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise 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.
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.
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