Morgan Stanley Morgan 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. The talent and passion of our people is critical to our continued success as a firm. Together, we share four core values rooted in integrity, excellence and strong team ethic: 1. Putting Clients First 2. Doing the Right Thing 3. Leading with Exceptional Ideas 4. Giving Back Morgan Stanley is committed to helping its employees build meaningful careers and we strive to be a place for people to learn, achieve and grow. Firm Risk Management Firm Risk Management (FRM) enables 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 as a result of credit, market, liquidity, operational, model and other risks. Our mission is to serve as the follow roles: · Independent agent to set consistent principles and disciplines for risk management · Strategic advisor to Firm management for setting risk appetite and allocating capital · Industry leader to influence and meet regulatory standards You will collaborate with colleagues across FRM and the Firm to protect the Firm's capital base and franchise, advise businesses and clients on risk mitigating strategies, develop tools and methodologies to analyze and monitor risk, contribute to key regulatory initiatives and report on risk exposures and metrics to enable informed and strategic decision-making. Through thoughtful analysis and clear communication we are best able to bring our ideas to the table and improve the Firm. Firm Risk Management values diversity and is committed to providing a supportive and inclusive workplace for all employees. Firm Risk Management's unique franchise promotes: ü Flat, flexible and integrated global organization ü Collaboration and teamwork ü Credible, independent decision-making ü Organizational influence ü Creative and practical solutions ü Meritocratic and diverse culture
Department Profile Credit Risk Management (CRM) provides independent oversight of the Firm's credit risks and acts as the guardian of the Firm's capital. CRM evaluates credit risk transactions and approves, rejects, or modifies them based on their overall risk profile and the availability and appropriateness of arrangements for reducing or mitigating credit risk. CRM assigns Internal Credit Ratings which quantify the level of risk; establishes and manages credit risk limits in accordance with the risk tolerance established by the Board; and monitors and reports on credit risk exposures on a regular basis to the Chief Risk Officer and senior management. CRM also interacts with business units to ensure that credit risk assessments are factored into business decisions. Duties & Responsibilities · Morgan Stanley is in the process of enhancing its global framework for Credit Data Quality Management. There are several initiatives underway that need to be included in the framework. Also, several new processes need to be developed to ensure the program meets the Firm's and global regulatory expectations. · T he manager will need to provide global leadership to enhance the CRM data quality program as well as interface with Credit professionals, Firm Risk Management Data Quality team, the model development team, model validation team, and internal audit. · The manager will build a small team to assist in testing and documentation. Also, credit data colleagues will be available to support the effort via a matrix structure. · Core development needs are: o Further develop the global data quality framework to ensure that it meets all of the business and regulatory requirements. § Enhance documentation for framework, procedures, and processes. o Develop and implement the control and testing program. o Determine the appropriate metrics to measure the quality of the data in terms of fit for use. o Develop and implement data lineage process. o Maintain issue tracker and undertake remediation. o Track and report on data quality compliance throughout the data's lifespan. · Participate in data council meetings. · Facilitate governance to ensure compliance with the Global Risk Data Policy. · Act as the subject matter expert for CRM data quality. · T he position will report into the Managing Director, Head of Global Credit Policy, Regulatory Relations and Governance.
Qualifications & Skills Required · Undergraduate degree and minimum of 7 - 10 years of financial services experience. Knowledge of credit risk management is a plus. · Experience in leading a data quality management program · Strong technical and analytical skills to lead a data quality team in Credit Risk Management, including developing and undertaking, but not limited to, the (1) technical controls and testing process and (2) data lineage process. · Familiarity with BCBS 239, ECB Guide to Internal Models, and BaFin/ECB/PRA Risk Data Aggregation requirements. · Self-motivated, adaptable, good attention to detail, and willing to assume extended responsibility. Needs to be a hands-on manager who is willing to produce as well as manage. · Excellent communication skills and a high level of professionalism as this position requires interaction with senior members of the organization. · Ability to work independently and as part of a global team. · Ability to manage complex or multiple projects.
Internal Number: 5207580
About Morgan Stanley USA
eFinancialCareers is a career site specializing in financial services.