Executive Director – Operational Risk Methodology recruitment
Position Category: Risk Management
Position Title: Executive Director - Operational Risk Methodology
Job Level: Executive Director
Location: USA - NY - New York
Education Required: Doctorate Degree
Position Description:
Morgan Stanley is seeking an Executive Director to join its Operational Risk Methodology (ORMG) Group. The group is responsible to:
• Calculate operational risk capital, economic and regulatory
• Produce analysis and reports related to operational risk measures and capital
• Establish and document compliance of the operational risk models with regulatory requirements
• Perform statistical analysis related to operational risk measurement
• Study relationships between operational risk and market/macro-economic variables
• Develop models to estimate operational risk losses
• Develop criteria for input data selection and incorporation of in the operational risk models
• Interface with other areas of the firm to provide information on operational risk models and methodologies
• Regular contact with technology developers to implement operational risk models
Skills Required:
• Advanced degree (PhD or M.Sc.) in a quantitative field
• 10+ years experience in quantitative research, preferably in risk analytics, in a bank, hedge fund or asset manager
• Hands on MatLab programming
• Solid understanding of probability, statistics and applied methods, including Monte Carlo simulations
• Good working knowledge of multivariate techniques (e.g., regression analysis) and Bayesian techniques
• Experience with OR data is a plus
• Experience with AMA regulatory framework a plus
• Good communication skills