Operational Resilience Risk Management VP
Operational Resilience Risk Management VP
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Job Description
The professionals in the Legal and Compliance Division LCD provide a wide range of services to our business units. LCD is made up of the Legal Regulatory Relations and Non-Financial Risk departments which preserve the firms invaluable reputation for integrity and protect the firm from sanctions with policies and procedures that are designed to meet regulatory requirements around the world. We also strive to maintain cooperative relationships with governmental policy makers and the regulatory and self-regulatory agencies that govern the firms businesses.
Background on the Position
The role will reside within Non-Financial Risk Operational Risk Department focusing on Third Party and Operational Resilience Risk Management.
Operational Risk refers to the risk of financial or other loss or potential damage to a firms reputation resulting from inadequate or failed internal processes people systems or from external events (e.g. fraud legal and compliance risks or damage to physical assets). The Firm may incur operational risk across the full scope of its business activities including revenue-generating activities (e.g. sales and trading) and control groups (e.g. information technology and trade processing). This position directly supports a senior-level team in operational risk.
There is a need to drive evolution and transparency of the underlying Third Party and Operational Resilience Risk Management control frameworks support adoption of industry leading practices and technologies and introduce new controls and processes to bolster the existing frameworks. The individual will play a critical strategic role in driving risk management activities which may include work on risk metrics deep dives and analyses concentration and supplier risk assessments in support of evolving global regulatory expectations. The individual will also support adoption of these risk management activities within the framework standards methodology while driving day-to-day oversight of these risks across the Firms business units and support functions.
Primary Responsibilities
>Manage third party/resilience risk identification measurement and escalation in support of senior Firm leadership
>Support development and evolution of the overarching Third Party and Operational Resilience Risk Frameworks through setting of standards thought leadership and proactive challenge of risk identification prevention and detection controls and processes and metrics
>Establish tolerance levels and implement metrics to measure risk against tolerance
>Partner with the first line Third Party and Operational Resilience programs and Business Units to develop a perspective on risk exposure and ensure consideration of evolving regulatory expectations
>Work collaboratively in a high performing global team responsible for identifying assessing capturing and reporting on operational risk and risk mitigation activities
>Oversee risk assessments performing critical analysis as necessary and monitor data used to identify heightened risk and help develop risk remediation recommendations
>Develop presentations for executive management and senior risk managers including reporting to boards and risk committees
>Lead reviews and challenge other reviews of material operational risk events and analyses of thematic operational risks related to third party and operational resilience
>Lead and manage scenario analyses activities where significant and emerging risks are assessed
>Build solid relationships across divisions and control groups. Required Experience
>An undergraduate degree (B.A. B.S. or equivalent) required
>Eight or more years of relevant Financial Services risk management experience
>Strong background in risk identification processes and controls
>Confidence to take ideas forward and to challenge others where appropriate.
>Proven ability to anticipate and identify risks and identify effective mitigation.
>Solid understanding of third party and operational resilience related regulations and industry frameworks especially relating to operational risk management.
>Strong team skills with ability to support talent development build team cohesiveness and coordinate multiple team activities across a range of operational risk processes and product areas
>Strong organizational skills with the ability to multitask and prioritize; ability to work under pressure and to tight deadlines
>Excellent communication skills both verbal and written; ability to produce concise and effective presentations
Preferred Experience
>Familiarity with relevant Banking Financial Holding Company and securities regulations
>Audit or consulting background client/stakeholder management experience
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 80000 employees in 1200 offices across 42 countries. At Morgan Stanley youll 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: 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.
Were committed to bringing passion and customer focus to the business.
Certified Persons Regulatory Requirements:
If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.
Flexible work statement
Interested in flexible working opportunities Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds talents perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting developing and advancing individuals based on their skills and talents.
Required Experience:
Exec
Employment Type
Full-Time
