Vendor Oversight - IM Risk Management - Vice President
Vendor Oversight - IM Risk Management - 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.
Morgan Stanley Investment Management (MSIM) is one of the largest global asset management organizations of any full-service securities firm with more than 40 years of history a presence in 23 countries and a total of $1.4trillion in assets under management. MSIM strives to provide outstanding long-term investment performance service and a comprehensive suite of investment management solutions to a diverse client base which includes governments institutions corporations and individuals worldwide.
Investment Managements Global Risk & Analysis department has an open position for a Vice President position. The position will report into an Officer of Global Risk & Analytics and will interface with business partners and stake holders across the addition to the responsibilities laid out below the successful candidate will play a support role in delivering projects ranging from short-term strategic assessments to large-scale change risk initiatives.
Position Overview:
Investment Managements Global Risk & Analysis department has an available position for a Vendor Oversight Vice President located in Seattle. This role is responsible for the governance of third-party relationships including supplier identification onboarding and ongoing monitoring of third-party services throughout their lifecycle. The ideal candidate will have experience with or knowledge of third-party risk processes risk assessment key contractual clauses and sourcing management.
Key responsibilities:
- Support non-financial risk coverage for various businesses and products following Morgan Stanleys NFR Management framework for vendor oversight.
- Support the Business Unit in identifying suitable suppliers to ensure compliance with divisional standards.
- Provide support for the assurance programme related to Third Party Risk Management by ensuring that all services are accurately documented and maintained within the Firms risk assessment platforms.
- Support the evaluation of vendors for the divisions third-party preselection process and facilitate the integration of services into Firm systems.
- Serve as the Third-Party Single Point of Contact responsible for overseeing divisional compliance with Firm third-party requirements. This includes managing issue tracking and remedial actions offering feedback for process improvement and assisting with related initiatives.
- Support the execution and coordination of divisional third-party strategy in collaboration with business units and Firmwide Sourcing including the development of procedures and processes.
- Support the delivery of program training for new Service Owners and facilitate the change control process for updates to third-party program processes procedures systems reporting or data.
- Coordinate with the Firm Due Diligence Groups and Control Groups to verify that due diligence risk assessments and any required remedial actions have been completed.
- Develop and provide reporting to provide visibility into status of active Third-Party Services as well of services undergoing onboarding or termination.
- Assist with coordination of significant Third Party-related incidents as required.
- Partner with our broader NFR team to align on stakeholder communication resolve conflicts and manage risk issue and dependency escalations.
Key Skills and requirements:
- Bachelors degree and 8-12 years of relevant experience in financial services industry or other highly regulated industries preferable
- Experience in Sourcing policies and contractual requirements
- Excellent communication presentation and stakeholder management skills
- Experience in Third-Party supplier management or related risk experience preferred.
- Ability to analyse data extract key information and craft a risk view for presentation to senior management.
- Ability to be flexible adjust to changing priorities and unforeseen events and proactively adjust strategy and approach.
- Good project management skills is a plus
- Proficiency in MS Office and related applications (PowerPoint Excel Word)
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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Expected base pay rates for the role will be between $200000 and $200000 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 Stanleys 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).
Required Experience:
Chief
Employment Type
Full-Time
