Vice President – Model Risk and Quality Assurance
A Finance-division role that reviews how the firm's financial and risk models are built, validated and governed. It sits in a growing quality assurance and compliance function that challenges model developers and owners.
What you’d work on
Our reading of the posting: what a new hire in this role would most likely spend their first months on.
- Review model development and validation files to judge whether methods, assumptions and documentation hold up
- Challenge model owners and validators on limitations and intended business use
- Grade findings by materiality and push the important ones through remediation
- Help write the standards and review templates for the new quality assurance function
- Prepare concise reports for senior stakeholders in Finance and Model Risk
What they ask for
Required
- Model validation, development or model risk experience
- Technical depth to critique quantitative models
- Independent challenge of methodologies and controls
- Judgement on when to escalate
- Clear written and spoken English
- Ability to run several projects independently
Preferred
- Regulatory expectations for model risk
- Model lifecycle governance frameworks
- Audit or assurance combined with real quantitative exposure
- Large risk or Finance transformation programmes
- Education
- No specific degree stated; quantitative background implied by the model review work.
- Experience
- Established experience in model validation, model risk or quantitative risk
How to prepare
- Read the Federal Reserve SR 11-7 guidance and summarise what a model validation report must contain
- Take a simple pricing or credit model and write a one-page conceptual soundness review of its assumptions
- Practise explaining a quantitative weakness to a non-technical audience in a short memo
- Learn the difference between a model issue and a process or control issue
What to study
- Quantitative Risk Management
- Professional Quant Practice
- Probability, Statistics and Financial Data
- Financial Instruments, Markets and Conventions
The Model Validation Quant roadmap sets out the stages for this kind of role, with free resources for each.
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SelfMadeQuant wrote this summary from the employer’s public posting, last checked 6 November 2026. SelfMadeQuant isn’t affiliated with Morgan Stanley and doesn’t handle applications.