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Executive Director - Risk Process Validation Group
5-9 years
Mumbai
1 vacancy
Executive Director - Risk Process Validation Group
Morgan Stanley
posted 19d ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
- Lead the team to perform independent validations of select FRM processes and controls, including those relating to regulatory and Basel requirements;
- Maintain the RPVG Validation Inventory; design the validation program, annual plan and reassesses the risk-based prioritization approach;
- Manage and supervise the execution of reviews (e.g., planning, documenting, reporting) and continuous monitoring activities (e.g., risk assessments);
- Provide review and challenge to all phases of the individual validations; own issue assessment and socialization, finalize validation memo, and review and sign off the validation documentation;
- Present validation plans, issues and observations to senior management and relevant management committees
- Evolve and enhance the team s validation methodology and execution capabilities;
- Manage the interface with key stakeholders, governing bodies, and business partners to review status of validation work, results of test work, and quarterly reporting;
- Partner with other independent validation teams, e.g., Model Risk Management, Regulatory Reporting Quality Assurance (RRQA), to support a unified validation program end-to-end
- Drive the process automation and advanced data analytics initiatives to enhance validation efficiency
- Manage, coach and develop local teams.
Experience
- Bachelor s or higher degree in Finance, Economics, Computer Science, Mathematics, Engineering or other business or risk management related areas
- 12+ years of experience from internal audit, risk management or consultancy covering processes and control validation across risk stripes (e.g., Credit, Market, Liquidity, Capital and Data Risk);
- Experience in process and control validation, data visualization or process automation
- Proven ability to successfully lead and manage teams and collaborate with global teams
- Excellent ability to develop partnerships across functions and geographies
- Strong risk, process, and control validation/testing, and assessment skills
- Strong communicator with good interpersonal skills with ability to influence broadly across the organization
- Ability to influence and execute the vision for RPVG globally
- Pragmatic problem solver and forward thinker
- Ability to prioritize and manage multiple competing objectives.
Skills
- Strong understanding banking regulatory environment, including familiarity with Bank of International Settlements (BIS) principles (e.g., Basel III, BCBS 239, FRTB) and FRB Capital Planning requirements and practices (e.g., CCAR, DFAST);
- Experience with core banking, investment and trading products, and banking regulations (e.g., FRB SR 11-07, SR 12-17, SR 14-08, SR 15-18, PRA SS1/23);
- Understanding of data lineage and database schema; experience working with large data sets, data warehouse, or data lake; knowledge of IT general controls; business analyst experience;
- Knowledge and experience with data analytics and data visualization tools and systems (e.g., PowerBI, Alteryx, Dataiku, QlikView, Tableau); experience with writing or editing SQL, VBA , Python and/or other programming languages; advanced Excel knowledge;
- Knowledge and experience with robotic process automation (RPA) (preferred);
- Relevant certifications or designations (e.g., CFA or FRM) (preferred).
.
Employment Type: Full Time, Permanent
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What people at Morgan Stanley are saying
Rating based on 7 Executive Director
reviews
Anonymous · Banking Operations
in Bengaluru
Likes
Work culture, people oriented organization
Dislikes
Nothing
Read 7 reviewsExecutive Director salary at Morgan Stanley
reported by
131
employees
with 14-23
years exp.
₹37
L/yr - ₹130
L/yr
At
par with the average Executive Director Salary in India
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What Morgan Stanley employees are saying about work life
based on 1.5k employees
Flexible timing
Monday to Friday
No travel
Day Shift
Morgan Stanley Benefits
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Maharashtra 400013
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Morgan Stanley, Athena, Bldg. No. 5, Sector 30, Mindspace, Goregaon West
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