Non-Financial Risk Assessment and Controls Program - Vice President
Non-Financial Risk Assessment and Controls Program - Vice President
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Job Description
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking securities investment management and wealth management services. The Firms employees serve clients worldwide including corporations governments and individuals from more than 1200 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.
Legal and Compliance Division Overview
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 is within the Non-Financial Risk Framework Department.
Non-Financial Risk is the risk of economic reputational regulatory financial reporting and client impact from failed or inadequate processes data or controls; from system changes failures disruption or other infrastructure and environmental factors; or from intentional or inadvertent actions of employees contingents or external parties.
The NFR Risk Assessments and Controls program team defines the framework and requirements including roles and responsibilities for the Firm-wide Non- Financial Risk Assessment and Controls Governance Programs. The team is the main point of coordination for the businesses and independent risk management teams in relation to these programs. The team monitors compliance with minimum standards provides guidance training and support throughout the execution addition the team co-ordinates completion of the independent risk management review & challenge process. To perform this role successfully a high level of interaction is required with business areas at all levels of the organization and internally across Operational Compliance and Financial Crimes risk.
This role specifically focusses on leading the team based in Budapest and supporting the Global program lead in the day to day management of the program as well as contributing to the definition and oversight of the strategic roadmap in partnership with divisions and support functions across the Firm.
Primary Responsibilities
>Support the Global Lead in driving the strategic enhancement and modernization of the Non-Financial Risk (NFR) Framework
>Support the design innovative and forward-thinking risk framework components to drive real risk management value
>Translate complex risk concepts into clear practical methodologies and tools used across the First and Second Lines of Defense.
>Collaborate with cross-functional teams (Risk Compliance Technology Legal Business Lines) to co-create fit-for-purpose frameworks and controls
>Own program delivery including project planning execution oversight and reporting for enterprise-wide risk transformation initiatives.
>Build strong trust-based relationships with senior leaders to align on strategic priorities and drive adoption of framework enhancements.
>Establish and run governance structures steering committees and working groups to ensure timely decision-making and accountability
>Collaborate with Data and Analytics on unified categorization model data visualization data objects Experience
>An undergraduate degree (B.A. B.S. or equivalent) required
>8 years of experience in Financial Services
>Strong technical understanding of the financial services regulatory environment with a focus on Operational Compliance or Financial Crimes Risk
>Excellent communication and influencing skills both verbal and written and an ability to present ideas concisely and visually
>Proven track record of designing or leading strategic enhancements to risk or control frameworks.
>Adept at influencing senior stakeholders and aligning cross-functional teams in a matrixed environment.
>Excellent analytical skills and a strong ability to work with large data files and spreadsheets
Morgan Stanley is committed to creating and providing opportunities that enable our workforce to reflect diverse backgrounds and views.
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 89 years. Our values - putting clients first doing the right thing leading with exceptional ideas committing to diversity and inclusion and giving back - arent just beliefs they guide the decisions we make every day to do whats best for our clients communities and more than 80000 employees in 1200 offices across 42 countries. At Morgan Stanley youll 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. Theres also ample opportunity to move about the business for those who show passion and grit in their work.
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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:
Chief
Employment Type
Full-Time
