Automated Algo Testing SME, Vice President Automated Algo Testing SME, Vice President …

Morgan Stanley
in Hong Kong
Permanent, Full time
Be the first to apply
Competitive
Morgan Stanley
in Hong Kong
Permanent, Full time
Be the first to apply
Competitive
Morgan  Stanley
Automated Algo Testing SME, Vice President

Background:
In this role you will join a team within Technology and Operations Risk (TOR). Our remit is to independently validate the Firm's algorithms test results. The Agile Squads within the Firm code and test the algos' controls and their behavior during adverse market conditions in accordance with the Firm's official algo documentation repository. The Algo Test Validation Team's responsibility is to perform analysis on the testing and to make subsequent recommendations.
The Firm's algos span the globe. They are revalidated at an internal governance forum in accordance with their tiered ranking. Test results are submitted for new algos prior to their going live in production and for each existing algo during revalidation and for any material changes.
You will deliver the algo validation analysis within agreed-upon timelines, peer review one another's results, and track progress and deliverables on a dashboard. You will also be called upon to deliver reports quarterly to several stakeholder groups. In this role you will interact internally with several risk teams, auditors, and/or compliance. The team's published findings may be leveraged externally for presentation to various global regulatory agencies and as such must be accurate and thorough.

Role and Responsibilities:
  • Attend the regional algo discussions as an observer to understand the algos
  • Read forum minutes, algo documentation, wiki's, etc. to enhance background knowledge
  • Verify test retention against specific model ID
  • State the reason for the algo test review and the style of testing
  • Identify the types of controls (native or non)
  • Confirm test results are passing as expected
  • Opine on test comprehensiveness (asset classes, markets)
  • Compare documentation against minimum control requirements
  • Validate inputs and content to provide commentary on permutations and logic
  • Elaborate on test independence, separation between code author and test author
  • Gather and store validation evidence used in performing the above actions
  • Compose recommendations and forward resultant analysis to risk team for further assessment and follow-on action
  • Attend resultant meetings to elaborate on your recommendations
Company Overview

Morgan Stanley has earned a worldwide reputation for the excellence of its advice and execution in financial markets. With offices in more than 41 countries, the firm is truly global-and a market leader in the U.S., Europe and Asia as well as in emerging markets. Morgan Stanley's success rests on the talents and passion of our people, who share a common set of values and bring excellence and integrity to everything they do. We seek to grow long-term relationships by virtue of our consistently rigorous thinking and the unsurpassed access to financial markets that Morgan Stanley can bring. This means providing leadership in specific areas such as investment banking, debt and equity underwriting, research, and sales and trading. We also focus increasingly on creating custom-tailored solutions that cut across functions to help our clients realize new opportunities and solve complex problems. Our aim is to be the first choice of everyone who deals in financial markets, whether as prospective clients, employees or investors.

We believe our greatest asset is our people. At Morgan Stanley, you’ll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. Visit https://www.morganstanley.com/people to discover who we are and the right opportunity for you.

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