Vice President - 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 Firms employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries. 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 The Risk Process Validation Group (RPVG) is an independent validation function within FRM. 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 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.