ISGM - Non - Financial Risk- VP

Organization: ISG Management
Primary Location: Americas-United States of America-New York-New York-1585 Broadway 
Program: CRT Operational Risk & Resilience, E-Trading, Reg & Audit (OPERA)
Education Level: Bachelor's Degree
Employment Type: Full Time
Job Level: Vice President

Job Title: Institutional Securities Group (ISG) Central Risk Team (CRT) – Operational Risk & Resilience, E-Trading, Regulatory & Audit (OPERA), Op Risk & Res, Vice President

Company Profile
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.

Department Profile
The Institutional Securities Group (ISG) Central Risk Team (CRT) is a 1LoD team created to improve the management of non-financial risk across ISG Business Units, with the aim of proactively identifying emerging risks and dynamically responding to operational risk issues as they arise. The OPERA (Operational Risk & Resilience; E-Trading; Regulatory & Audit) team sits within CRT and is responsible for managing a broad number of initiatives across ISG, spanning a number of topics including: the Non-Financial Risk Framework; Operational Resilience; Third Party; E-Trading; Product Risk; Regulatory Enquiries and Exams; Internal Audit and Compliance Testing reviews.

Position Description:
The position available is a Vice President level position within the CRT OPERA team. This position will work across OPERA pillars (Operational Risk & Resilience, E-Trading, Regulatory and Audit) to support the broader OPERA agenda and the management of non-financial risk within ISG Business Units. This position will be required to work in an agile manner across OPERA pillars to support various team strategic objectives. 

Responsibilities Include:
•    Support of OPERA strategic initiatives across OPERA pillars (Operational Risk & Resilience, E-Trading, Regulatory and Audit)
•    Drive the technology agenda across OPERA to enhance the development and reporting of NFR metrics specific to OPERA Risk Pillars
•    Design, implement and embed the regulatory inventory, a solution to store and analyze past regulatory interaction and responses across ISG Business Units
•    Support of the ISG Read Across and Lessons Learned framework globally across ISG, executing process in a BAU environment, including conducting horizon scanning to identify external events that could result in a Lessons Learned exercise across ISG; recording, storing and tracking of ISG Read Across and Lessons Learned exercises, support for any relevant supporting governance forums  
•    Partner with Technology and other functional partners to develop, implement and embed solutions to analyze a broad range of NFR data sets and utilize data to identify emerging risks within ISG
•    Execute the Firm’s issue management reporting, conducts outreach to relevant Issue Owners and monitoring for potential risks as they occur
•    Support the ISG audit framework, including support of pre-work for upcoming audits, assisting with the collation and consolidation of previous audits, Compliance Testing findings and self-identified issues
•    Support OPERA reporting requirements, including the preparation of quarterly New Product Approval metrics and enhancements, as well as broader CRT quarterly reporting
•    Support the execution of monthly operational risk incidents (RECAP) trend analysis across ISG Business Units and act as point of contact for ISG BCU

Experience / Skills Required:
•    7+ years of related experience in the financial services industry 
•    Familiarity with Non-Financial Risk, particularly within a 1LoD function 
•    Strong knowledge of risk management frameworks and non-financial risk and controls
•    Strong experience of managing regulatory requests and programs from US regulators 
•    Strong project management skills and proven ability to support projects through to completion, ideally within Capital Markets
•    Strong motivation and a self-starter with a positive outlook and desire to solve problems with an ability to work independently with minimal guidance
•    Strong analytical skills with an ability to leverage Excel, PPT, Project, Visio, etc.
•    Ability to identify and escalate issues effectively and appropriately
•    Exceptional organizational skills and a high degree of attention to details
•    Ability to discuss in-depth technology initiatives and ability to work closely with technology teams
•    Excellent oral and written communication skills 
•    Ability to handle multiple tasks in a timely and effective manner and thrive in a fast-paced environment

 
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).
 

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 $140,000 and $250,000 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).