Credit Validation Associate
Position Description
Morgan Stanley Credit Risk Management Department is seeking a strong associate level candidate for the newly established Credit Validation Group based in New York. The Group, a critical part of firm-wide end-to-end validation framework, acts as the second line of defense to validate credit processes, data and systems to ensure Basel II compliance and provide supporting evidences to the firm annual Basel II Board Effectiveness Assessment.
Responsibilities
• Interpret US Basel II requirements and identify key data inputs to regulatory credit risk capital calculations
• Validate credit processes, data and systems (excluding models), and assess the degree of Credit Policies and Procedures execution, reliability of credit data and capital estimates, and regulatory compliance
• Interact with all levels of subject matter experts within the department for Credit risk process validation
• Coordinate with other validation teams firm-wide and participate firm-wide end-to-end validation tasks
• Document validation results, identify gaps and provide remediation recommendations to governance committees
Skills Required
• 2+ years of working experience in financial industry
• Knowledge of Basel rules pertaining to credit risk capital calculations
• Knowledge of credit risk and understanding of OTC and lending products
• Qualitative and quantitative analysis skills, good at analytical and data mining tools in Microsoft Excel or Access
• Strong verbal and written communication skills
Skills Desired
• Database, SQL programming skills
Leave a Reply
You must be logged in to post a comment.