Jobs Private USA → Finance and Insurance → Treasury, payments and risk → Model Risk Control Specialist

Model Risk Control Specialist

Morgan Stanley · Baltimore, MD · posted 35 days ago

In short: Model Risk Control Specialist at Morgan Stanley in Baltimore, MD, posted 35 days ago.

By AtiveSite · Published 07/11/2026 · Updated 09/11/2026 · Every figure is linked to its source below.

Morgan Stanleyemployer
Baltimore, MDlocation
Treasury, payments and risksub-niche
35 days agoposted
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The job

LIVE Live feed (private-sector employer) Source: The Muse public API · Data: listed 2026-10-05

EmployerMorgan Stanley
LocationBaltimore, Maryland
FieldFinance and Insurance › Treasury, payments and risk
LevelSenior Level
Source categoryBusiness Operations
Posted2026-10-05 (35 days ago)
Work arrangementOn-site at the location listed
PayNot published in the source listing

Job description

We're seeking someone to join our team as a Model Risk Control Specialist in Non-Financial Risk to strengthen the governance, monitoring, and documentation of Financial Crime Compliance models, partnering with model owners and stakeholders to enhance model performance and meet internal policy and regulatory expectations.

In the Legal & Compliance division, we assist the Firm in achieving its business objectives by facilitating and overseeing the Firm's management of legal, regulatory and franchise risk. This is a Director level position within the NFR Data & Analytics team, which is responsible for designing and optimizing surveillance models, approaches, and tools using advanced analytical techniques, and ensuring these models support the detection of suspicious and/or illegal behaviors (e.g., money laundering, market manipulation, insider trading, unfair sales or trading practices, sanctions-related risks, and other financial crimes).

Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.

What you'll do :
> Draft and maintain comprehensive model documentation across the model lifecycle for Financial Crime Compliance models
> Establish and execute ongoing model monitoring controls, partnering with quantitative analysts and subject matter experts
> Support model tuning and optimization for Trade Surveillance, Transaction Monitoring, and Sanctions screening models, including ML/AI-enabled approaches where applicable
> Oversee and challenge model testing performed by developers and vendors, including design of challenger models or compensating controls as needed
> Perform and/or manage periodic assessments and above-/below-the-line testing to evaluate model performance and sustainability
> Conduct research on emerging modeling approaches and regulatory expectations, performing gap analyses and recommending enhancements to existing controls
> Lead root-cause analysis for model performance anomalies and drive remediation planning with stakeholders
> Manage model governance processes, including model inventory updates, change tracking, and reporting to senior management, Model Risk Management, and Internal Audit D. Part 2: Scope of Role -

What you'll bring :
> Ability to build and maintain clear, audit-ready model documentation across the model lifecycle
> Understanding of Financial Crime Compliance concepts and model use cases (e.g., AML/transaction monitoring, sanctions screening, trade surveillance)
> Experience in ongoing model monitoring, performance analysis, and issue investigation (including root-cause analysis)
> Experience partnering with quantitative/analytics teams to support testing, tuning, and optimization of models (including vendor-developed solutions)
> Knowledge of model risk governance expectations and standards (e.g., SR 11-7 / OCC 2011-12) and experience supporting validation and exam requests
> Ability to translate complex technical concepts into clear materials for non-technical stakeholders and senior management
> Experience in producing metrics, management reporting, and tracking model changes through governance forums
> Proficiency in data and analytical tools (e.g., SQL, Python, Excel); familiarity with visualization tools (e.g., Power BI, Tableau) is a plus

Typically, 5+ years' relevant experience would generally be expected to find the skills required for this role

Dallas Location:

Please note that the location listed for this role is temporary. The position's work location will transition to 1445 Ross Ave, Dallas, TX 75202 at a future date . In-Person interviews will be required for the role.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients - helping them reach their goals. We do it in a way that's differentiated - and we've done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.

Baltimore, MD:

Salary range for the position: $70,000 and $125,000 per year. The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit's incentive compensation plan, which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings.

Dallas, TX:

Expected base pay rates for the role will be between $77,000 and $116,750 per year at the commencement of employment. However, base pay if hired will be determined on an individualized

basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

For more information, please visit : https://www.morganstanley.com/people-opportunities/eeo .

Explore around this job

Field: Finance and Insurance Sub-niche: Treasury, payments and risk All jobs at Morgan Stanley Jobs in Maryland Jobs in Baltimore, MD Baltimore city guide Maryland state guide Baltimore economy

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About the role

This is a Senior Level role in the Finance and Insurance field (Treasury, payments and risk) at Morgan Stanley. Senior roles usually expect substantial experience, ownership of results and often the ability to guide others.

We could not match this job title to one occupation in the official wage statistics, so no pay estimate is shown. Pay is not in the source listing; ask the employer for the range and compare in the 240 job niches.

Does the pay work here? (estimate)

Estimate for a wage earner: 2026 federal brackets and standard deduction (IRS), Social Security 6.2% up to $184,500, Medicare 1.45% (+0.9% above $200,000 single / $250,000 married), and a state rate you set; set your own state tax rate. It ignores credits, pre-tax deductions, local taxes and benefits. Sources: IRS: tax year 2026 inflation adjustments · SSA wage base per Federal Register notice 2025-19763.

How to prepare and behave

This is editorial guidance, not information from the employer.

Know your rights as a candidate and an employee:

The city

The job is in Baltimore, MD. Below is what the official statistics say about living and working there.

How Baltimore compares. Among the 80 largest places in Maryland, Baltimore is #1 by population, #77 for household income (#1 = highest), #6 for rent (#1 = cheapest), #65 for homeownership (#1 = highest). Its county, Baltimore, is #4 of 24 counties for average pay ($82,818).

The place in numbers

Baltimore has 573,243 residents (ACS 2020–2024), about 9.2% of the population of Maryland. It covers 81 square miles of land, which works out to roughly 7,082 people per square mile. The median age is 36.2, 8% younger than the state median (36.2 against 39.4).

Housing

The median gross rent is $1,331 a month (rent plus utilities), 22% below the state median ($1,331 against $1,705). Over a year that is 25.7% of the median household income. US housing guidance treats housing as affordable when it takes 30% of income or less, so the typical household is under that line. The median home value is $229,600, which is 3.7 times the median household income ($62,177); a ratio under 4 usually means ownership is within reach for many households. 47.5% of households own their home, 30% below the state average (47.5% against 67.6%). A low ownership share points to a rental-heavy market with more apartments and shorter stays.

Work and pay

The Baltimore-Columbia-Towson, MD metropolitan area has 1,356,680 jobs in the BLS wage survey, and the median pay across all occupations is $59,070 a year, 16% above the national median ($59,070 against $50,980). The biggest occupation groups are office and administrative support (159,220 jobs, median $49,590); management (123,580 jobs, median $128,630); transportation and material moving (113,300 jobs, median $44,720). The area is most specialised in life, physical, and social science (1.5 times) and computer and mathematical (1.4 times), where the share of workers is well above the national share. The best-paying groups with at least 5,000 jobs are management ($128,630) and computer and mathematical ($128,330). In 2026M09 the unemployment rate of Baltimore was 4.6%. 63.1% of residents aged 16 and over are in the labour force. The city lies in Baltimore; its jobs, pay by industry and GDP are on the county page.

Getting around

Among workers, 55.5% drive alone, 10.3% use public transit, 5.6% walk, 17.8% work from home. 18.8% of workers commute 45 minutes or more, 22% below the state average (18.8% against 24.2%).

People and education

36.1% of adults aged 25 and over hold a bachelor's degree or higher, 17% below the state share (36.1% against 43.5%). 9.3% of residents were born outside the United States, 44% below the state share (9.3% against 16.6%). The poverty rate is 19.8%, 109% above the state rate (19.8% against 9.4%).

Climate

The warmest month is Jul, averaging 77°F (25.0°C), and the coolest is Jan at 30°F (-1.2°C). About 1,161 mm (46 inches) of precipitation falls in a year; Jun is the wettest month (117 mm) and Jan the driest (70 mm). These values come from NASA satellite-based climatology on a grid of about 50 km, so they describe the wider area, not a weather station in the city.

Nearby cities to compare

Closest cities in this guide: Rosedale (6 miles, rent 4% higher); Arbutus (6 miles, similar rent); Dundalk (7 miles, rent 11% higher); Towson (7 miles, rent 33% higher). Rent differences are against Baltimore; use the Compare tab to put any two cities side by side.

Full guide to Baltimore →Maryland guideAll jobs in Baltimore

Official links for Baltimore

These links go to official sources and open in a new window. The first one is the government's or company's own site as listed in Wikidata (property "official website"); check it before relying on it.

Where to live

CITY Official statistics Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year (via Census Reporter) · Data: ACS 2020–2024

Places within 50 miles (straight line) of Baltimore, MD that have a guide, with what living there costs. No pay estimate is shown because the title did not match one occupation.

Sort:
Place ⇅Distance from the job city ⇅Median rent ⇅Median home value ⇅Median household income ⇅Commute 45+ min ⇅Rent as % of occupation pay ⇅Open jobs there ⇅
Baltimore, MD0 mi$1,331$229,600$62,17718.8%n/aJobs
Rosedale, MD6 mi$1,378$276,200$85,71118.3%n/a—
Arbutus, MD6 mi$1,318$322,600$99,09010.2%n/a—
Dundalk, MD7 mi$1,473$212,700$64,52015.5%n/a—
Towson, MD7 mi$1,764$469,000$101,32012.8%n/a—
Parkville, MD7 mi$1,526$260,400$79,17813.6%n/a—
Lochearn, MD7 mi$1,460$286,000$74,70719.0%n/a—
Woodlawn, MD7 mi$1,494$294,200$82,46613.4%n/a—
Catonsville, MD7 mi$1,724$416,900$114,10911.5%n/a—
Pikesville, MD8 mi$1,707$434,500$98,4659.8%n/a—
Carney, MD9 mi$1,793$319,700$83,62015.5%n/a—
Essex, MD9 mi$1,319$258,900$67,16819.3%n/a—
Milford Mill, MD9 mi$1,653$273,600$69,71121.9%n/a—
Glen Burnie, MD10 mi$1,648$348,900$88,28016.3%n/a—
Ilchester, MD10 mi$2,115$532,400$152,10320.2%n/a—
Elkridge, MD10 mi$2,295$454,200$139,91316.0%n/a—
Middle River, MD10 mi$1,636$271,700$78,39819.1%n/a—
Perry Hall, MD10 mi$1,706$349,600$106,24415.3%n/a—
Pasadena, MD10 mi$2,393$423,400$129,72721.6%n/a—
Randallstown, MD11 mi$1,577$327,200$85,73523.3%n/a—

Career paths

We could not match this title to one occupation, so here are the other sub-niches in Finance and Insurance, where your skills may carry over:

Banking and wealth advisory (1482) Insurance and claims (443) Accounting, audit and tax (459)

Distances

CITY Calculation (straight line) Source: U.S. Census Bureau Gazetteer (coordinates) · Data: 2024

How far Baltimore, MD is from the 20 largest US cities, in straight-line miles (not driving distance). Click a column to sort.

Sort:
From ⇅Straight-line distance (miles) ⇅Population of that city ⇅
Philadelphia, PA93 mi1,579,706
New York, NY170 mi8,483,844
Columbus, OH342 mi914,802
Charlotte, NC366 mi903,844
Indianapolis, IN509 mi885,860
Chicago, IL607 mi2,711,226
Jacksonville, FL682 mi977,670
Oklahoma City, OK1,175 mi697,125
Dallas, TX1,209 mi1,307,930
Fort Worth, TX1,240 mi963,194
Houston, TX1,251 mi2,328,253
Austin, TX1,347 mi979,539
San Antonio, TX1,417 mi1,479,835
Denver, CO1,501 mi718,877
Phoenix, AZ1,998 mi1,642,323
San Diego, CA2,288 mi1,389,526
Los Angeles, CA2,325 mi3,857,263
Seattle, WA2,329 mi754,195
San Jose, CA2,429 mi990,138
San Francisco, CA2,484 mi830,235

Nearby cities with open jobs (within 120 miles)

Sort:
City ⇅Straight-line distance ⇅Open jobs ⇅
Chevy Chase, MD34 mi3
Washington, DC35 mi296
Arlington, VA39 mi225
McLean, VA40 mi253
Alexandria, VA42 mi6
Reston, VA46 mi10
Springfield, VA47 mi1
Ashburn, VA50 mi15
Newark, DE52 mi8
Wilmington, DE65 mi2
Philadelphia, PA93 mi190
Fort Washington, PA95 mi2
Marlton, NJ99 mi13
Bethlehem, PA113 mi3
Atlantic City, NJ116 mi5

The employer

Morgan Stanley is the employer in this listing. See all its open jobs here →

It is among the 200 largest US-headquartered employers in our list, with about 83,000 employees worldwide (2025). Company page with headquarters, state economy and official links →

Official links for Morgan Stanley

These links go to official sources and open in a new window. The first one is the government's or company's own site as listed in Wikidata (property "official website"); check it before relying on it.

What it is like to work at a company (culture, schedules, benefits) is not in the source data, so we do not describe it. Read the description and ask the questions under "How to prepare".

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FAQ

What is the Model Risk Control Specialist job at Morgan Stanley?

A senior level role in finance and insurance (treasury, payments and risk) listed 35 days ago. The full description is on this page and on The Muse.

Where is this job?

Baltimore, MD.

How do I apply?

Use the "View this job and apply on The Muse" button. AtiveSite does not receive applications.

How much does it pay?

The listing does not publish pay, and we could not match the title to one official occupation.

What is the cost of living there?

Median rent in Baltimore is $1,331 a month and median household income $62,177 (ACS 2020–2024).

How old is this listing?

It was posted on 2026-10-05 (35 days ago). Jobs older than 90 days are not shown.

Are there similar jobs?

Yes: browse treasury, payments and risk jobs in Maryland.

Sources and terms

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Sources

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