VP, P4, Coverage Advisory Job Level Vice President

Vice President - Legal Entity and AWM Business Coverage Officer

We are looking to attract a senior recruit to the Asia Operational Risk Coverage team with coverage responsibilities for the Asia Wealth Management business. The role will be based in Hong Kong reporting to the Asia Head of Operational Risk Business Coverage.

Background on the Position
The role will reside within the Legal and Compliance Divisions Operational Risk Department. 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. transactional error fraud cyber-attack etc.) impacting the full scope of its business activities including revenue-generating activities and infrastructure groups.

The Firm has a robust Operational Risk Management Framework designed to identify and assess significant operational risks and ensure appropriate mitigation actions are undertaken. The Framework is deployed across Business Units Infrastructure Groups and Control Functions globally. The Framework is based upon a Three Lines of Defense model within which ORD operates as Second Line of Defense providing independent oversight and challenge to the management of operational risk across the Firm. Given the nature and breadth of Operational Risk operational risks are managed at multiple levels e.g. Firmwide as well as Regional Business Unit Infrastructure Group Control Function and Legal Entity.

Legal and Compliance Division
The lawyers compliance financial crimes and operational risk professionals of Morgan Stanleys Legal & Compliance Division (LCD) provide a wide range of services to our business units. They preserve the Firms invaluable reputation for integrity and protect the Firm with policies and procedures that meet regulatory requirements around the world. They also strive to maintain cooperative relationships with governmental policy makers and the regulatory and self-regulatory agencies that govern the Firms businesses.

About the Firm
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing investment banking securities wealth management and investment management services. With offices in more than 41 countries the Firms employees serve clients worldwide including corporations governments institutions and individuals.

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.


Primary Responsibilities
The Asia Operational Risk Coverage team is responsible for working with business and infrastructure units to identify analyze assess and challenge operational risks associated with the processes and controls relevant to each business and supporting infrastructure. Coverage Officers are responsible for driving and implementing the Operational Risk Framework.

Specific responsibilities include:
>Enhance / build solid client relationships with key individuals relevant to businesses
>Develop in-depth understanding of the businesses and their operational risks
>Independently identify assess monitor and report operational risk across the Bank and provide independent challenge and oversight to Business Units and Support Functions
>Continually improve and strengthen the Banks operational risk framework including Operational Risk policies and procedures risk appetite incident & issues RCSA stress testing etc.
>Produce and present risk reports to inform senior management and governance committees; facilitate the MSBAL Operational Risk Committee
>Play an active role in the review and approval of Qualifications and Skills Required
>Candidate should have a minimum of 7 years of relevant working experience having worked directly in one of these business areas or a supporting infrastructure unit;
>Good understanding of banking regulation especially relating to operational risk management is highly desirable;
>Prior experience in risk management or other risk/control-based roles is preferred;
>Proven ability to anticipate and identify risks and effective mitigants;
>Strong organizational skills with the ability to multitask and prioritize; ability to work under pressure and against tight deadlines;
>An open-mind and flexibility to work on changing priorities in a fast-paced environment ;
>Confidence to take ideas forward and to challenge the 1st line;
>Excellent communication skills both verbal and written; ability to produce concise and effective presentations;
>Ability to work in a team environment build and maintain a network of stakeholders throughout the firm;
>Experience in dealing with regulators an advantage but not essential ;
>Bachelors degree or equivalent ideally in a quantitative discipline Finance Economics or similar;
>Strong English communication skills necessary. Fluency in Cantonese/Mandarin will be an advantage;
>Proficiency with Excel Power BI and PowerPoint (Advanced)

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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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.