Business Analyst-Model Risk

Non-Financial Risk Model Documentation / Monitoring & Oversight

Draft comprehensive documentation on the design of models within LCD. Establish ongoing monitoring controls, collaborating with quantitative analysts and subject matter experts to develop or enhance models. Assist in the tuning and optimization of various Financial Crime Compliance (FCC) models, including those used for Trade Surveillances, Transaction Monitoring, and Sanctions screening, potentially involving machine learning or artificial intelligence. Support model developers and vendors in performing thorough testing of the models, as well as designing challenger models or compensating controls to ensure optimal model performance. Maintain existing LCD models by executing or overseeing qualitative analyses related to ongoing monitoring, periodic assessments, above-the-line testing, below-the-line testing, and tuning. Conduct internal and external research on new trends in modeling approaches, perform gap analysis with existing model controls, provide proposals, and assist stakeholders in implementing proposed solutions. Perform root-cause analyses associated with potential anomalies detected in model performance. Document or oversee the documentation of analyses, recommendations, and rationales for each activity related to the models.

Manage and maintain the model risk governance framework for FCC models, ensuring adherence to internal Model Risk Management (MRM) policies and regulatory standards (e.g., OCC 2011-12, SR 11-7, PRA SS1 / 23). Assist in the preparation of periodic and ad hoc metrics reports for senior management, including through the evaluation and enhancement of existing metrics and supporting processes. Track and report model changes and results of model tuning and optimization activities to LCD advisory heads, the Model Risk Management, and the Internal Audit groups. Liaising with the MRM Group, the Internal Audit Department, Regulatory Bodies, and other stakeholders as needed during reviews, validations, and exams to fulfill

Required Skills : Bachelor's degree with strong academic credentials with a degree in business, economics, finance, management information systems, management, risk management, or related fields from a top tier university. At least 4 years' relevant experience would generally be expected to find the skills required for this role, preferably in Financial Crime Compliance, Model Risk Management, Risk Control, or related domains within Financial Services. Good understanding of AML, Sanctions, and / or Trade Surveillance models. Excellent communication and presentation skills, with ability to convey complex technical concepts to non-technical stakeholders. Strong analytical thinking and critical reasoning skills, with the ability to be self-motivated and work independently.

Desired Skills : An understanding of Fed SR 11-7 / OCC Bulletin 2011-12 on Model Risk Management or related domains in Financial Services. Curious and eager to stay informed of regulatory developments impacting model risk and financial crime compliance (e.g., AML, Sanctions, Market Abuse etc.). An understanding of models, financial markets, and banking. Proficiency in data analysis tools (e.g., SQL, Python, Excel) and visualization (e.g., Power BI, Tableau) is a plus. Experience in defining and owning product roadmaps and their delivery.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M / F / Disability / Vet). Expected base pay rates for the role will be between $90,000.00 and $155,000.00 per 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.