We're seeking someone to join our team as a Model Risk Control Specialist in Non-Financial Risk to strengthen the governance, monitoring, and documentation of Financial Crime Compliance models, partnering with model owners and stakeholders to enhance model performance and meet internal policy and regulatory expectations.

In the Legal & Compliance division, we assist the Firm in achieving its business objectives by facilitating and overseeing the Firm's management of legal, regulatory and franchise risk. This is a Director level position within the NFR Data & Analytics team, which is responsible for designing and optimizing surveillance models, approaches, and tools using advanced analytical techniques, and ensuring these models support the detection of suspicious and/or illegal behaviors (e.g., money laundering, market manipulation, insider trading, unfair sales or trading practices, sanctions-related risks, and other financial crimes).

What you'll do:
> Draft and maintain comprehensive model documentation across the model lifecycle for Financial Crime Compliance models
> Establish and execute ongoing model monitoring controls, partnering with quantitative analysts and subject matter experts
> Support model tuning and optimization for Trade Surveillance, Transaction Monitoring, and Sanctions screening models, including ML/AI-enabled approaches where applicable
> Oversee and challenge model testing performed by developers and vendors, including design of challenger models or compensating controls as needed
> Perform and/or manage periodic assessments and above-/below-the-line testing to evaluate model performance and sustainability
> Conduct research on emerging modeling approaches and regulatory expectations, performing gap analyses and recommending enhancements to existing controls
> Lead root-cause analysis for model performance anomalies and drive remediation planning with stakeholders
> Manage model governance processes, including model inventory updates, change tracking, and reporting to senior management, Model Risk Management, and Internal Audit D. Part 2: Scope of Role -

What you'll bring:
> Ability to build and maintain clear, audit-ready model documentation across the model lifecycle
> Understanding of Financial Crime Compliance concepts and model use cases (e.g., AML/transaction monitoring, sanctions screening, trade surveillance)
> Experience in ongoing model monitoring, performance analysis, and issue investigation (including root-cause analysis)
> Experience partnering with quantitative/analytics teams to support testing, tuning, and optimization of models (including vendor-developed solutions)
> Knowledge of model risk governance expectations and standards (e.g., SR 11-7 / OCC 2011-12) and experience supporting validation and exam requests
> Ability to translate complex technical concepts into clear materials for non-technical stakeholders and senior management
> Experience in producing metrics, management reporting, and tracking model changes through governance forums
> Proficiency in data and analytical tools (e.g., SQL, Python, Excel); familiarity with visualization tools (e.g., Power BI, Tableau) is a plus

Typically, 5+ years' relevant experience would generally be expected to find the skills required for this role

Salary range for the position: $70,000 and $125,000 per year. The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit's incentive compensation plan, which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings.