Wealth Management - Client Segment Risk Digital Direct Risk Coverage Vice President

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries. 

As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career – a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

The Client Segments Risk (CSR) organization is a first line of defense risk function responsible for execution of controls across all client segments within Wealth Management.  The unit includes Risk Officers, Business Control Units, and Conduct & Governance functions. This team partners with business stakeholders, second and third lines of defense to design and execute controls and assess and report on sales practice and operational risks and implement control processes and procedures.

Responsibilities for this role will be:

• Digital Direct Client Risk Coverage
  • Lead and develop a small team responsible for risk coverage of self-directed clients within the Digital Direct client segment
  • Design risk controls
  • Train and manage risk officers
  • Prepare materials for and lead governance sessions
  • Manage preparation of risk reporting to Digital Direct business leadership

• Strategic Projects
  • Support various business initiatives, proactively identifying risks and ensuring appropriate supervision  
  • Technology projects
  • Ad hoc requests 

To be successful in this role, the candidate will need to: 

• Quickly develop a working knowledge of all Client Segment business lines
• Collaborate and build effective working relationships with employees across the organization
• Build effective partnerships with colleagues in WM Risk and Client Segment businesses
• Manage projects as needed and assigned; deliverables are often related to ad-hoc and unanticipated requests, so a successful candidate must be able to work in an environment with evolving priorities, making sound decisions about prioritization and communicating immediately where there are real risks to on-time delivery
• Work closely with Business, Technology and Operations related to incidents and projects
• Partner with second and third-line control functions (Legal, Compliance, Audit, and Risk) on an ongoing basis
   

Qualifications:

• At least 10 years of experience within Financial Services, with involvement in Risk or Wealth Management experience required
• Prior experience standing up successful new processes and functions would be valuable
• Strong leadership, and project management skills and ability to manage many competing priorities
• Strong organization skills with the ability to multitask and prioritize; ability to work under pressure and to tight deadlines
• Strong analytical and problem solving skills (critical thinking ability)
• Excellent written and verbal communications skills
• Detail-oriented and accurate
• Ability to work in a team environment, build and maintain a network of contacts and coordinate with a large number of stakeholders
• Proficiency in MS Office applications (e.g., Word, Excel, PowerPoint, Project)
• Bachelor’s Degree required

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 85 years. At our foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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.

We're committed to bringing passion and customer focus to the business.

Expected base pay rates for the role will be between $120,000 and $160,000 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's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).