We're seeking someone to join our team as a Governance, Advisory & Reporting Specialist in Finance Model Control Office (MCO) by acting as a key liaison between Finance/ Business stakeholders and Model Risk Management (MRM). The role focuses on policy interpretation and enhancements, compliance oversight, quality assurance, training, and delivery of clear, actionable reporting to management and governance committees.
In the Finance division, we act as a partner to business units around the globe by providing management, review, analysis and advisory services around Models, Tools and EUCs (End User Computing). This is a Vice President level position within our Risk, Assurance, Governance & Control Job Family which provides advisory, and assurance services around Finance wide models, tools and EUCs.
What you'll do in the role: - Serve as the primary intermediary between Finance/ Business functional areas and Model Risk Management (MRM).
- Assess the impact of regulatory changes and internal guidance updates on the policies and procedures. Update the documents and advise stakeholders on required actions.
- Develop, update, and deliver training materials and support change management efforts related to governance, policy, and standards.
- Ensure Finance models, tools, and EUCs comply with Model Risk Management standards.
- Perform quality assurance (QA) reviews of Finance models, tools and EUC.
- Track model performance monitoring metrics and generate reports for reporting forums.
- Partner with project managers and functional teams to enhance the quality, consistency, and completeness of models, Tools and EUC documentation.
- Produce dashboards and tracking metrics to support monthly functional area governance and oversight meetings.
- Coordinate and prepare materials for Finance Model Oversight Committee (MOC) meetings.
What you'll bring to the role: - Advanced understanding of Finance functional area, product and/or client segment and technical skills, as well as of industry and competitive environment
- Ability to provide positive and constructive -feedback and acknowledge efforts of team members
- Ability to articulate risk and impact to various audiences, and create plans to mitigate those risks
- Deep understanding of Finance processes, model governance, EUC controls, and MRM standards.
- Proven experience interpreting regulatory requirements and internal policy guidance and translating them into practical, executable actions for Finance/ Business stakeholders.
- Strong experience partnering with senior stakeholders across Finance, Risk, and Control functions, with the credibility to provide effective advisory support.
- Demonstrated ability to lead training and change management initiatives related to governance, policy, and standards adoption.
- Experience performing or overseeing quality assurance (QA) reviews of Finance tools, models, and EUC processes.
- Strong analytical skills with experience developing dashboards, tracking metrics, and management reporting for governance and oversight forums.
- Excellent written and verbal communication skills, including experience preparing and presenting materials for senior management and governance committees.
- Ability to manage multiple priorities, drive execution across complex initiatives, and operate effectively in a highly regulated environment.
- At least 6 years of relevant experience in Finance, Risk, Controls, Model Governance, or a related governance function
Expected base pay rates for the role will be between $120 000 and $205 000 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.
