Executive Director - Risk Process Validation Group (Firm Risk Management)

Company Profile 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. As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture. Firm Risk Management Firm Risk Management (FRM) supports 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, model and other risks. Background on the Position Morgan Stanleys Model Risk Management (MRM) department resides within Morgan Stanleys Firm Risk Management Division. The Risk Process Validation Group (RPVG) is an independent validation function within MRM. RPVG is responsible for independently assessing select controls and processes related to Market, Credit, Liquidity, Capital and Data Risk that support selected: Risk owned regulatory capital and stress testing calculations; Risk owned regulatory schedules; Risk owned internal reports; Risk framework processes (e.g., Credit, Market, Liquidity Risks) Primary Responsibilities 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 teams 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.