Risk Officer, Assistant Vice President

Risk Officer Assistant Vice President

Wealth Management Platforms
Purchase New York

About Morgan Stanley

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.

Morgan Stanley is committed to helping its employees build meaningful careers and we strive to be a place for people to learn achieve and grow.

Department Overview

In the Wealth Management division we help people businesses and institutions build preserve and manage wealth so they can pursue their financial goals

Wealth Management (WM) Platforms manages industry-leading platforms across all WM channels and client segments to provide a unified digital experience unlock growth and deliver efficiencies for Advisors Clients and Institutions. WM Platforms consists of ten sub-teams including: Field Experience & Platforms Digital Client Experience & Platforms Workplace Platforms Automation & Workflow Digital Trading & Investing Generative AI UX Design & Research Strategy & Execution WM Platforms Risk and the Chief Operating Office.

The Business Control Unit (BCU) within Wealth Management Platforms Risk has core responsibilities including but not limited to operational risk management incident management risk acceptances risk and control self-assessment via the Non-Financial Risk Assessment (NFRA) framework policy and procedures coordination issue and action plan management audit and Compliance exam preparation and management licensing and registration review committee and/or new product approval materials coordination business continuity planning (BCP) coordination and entitlements management.

The Team partners and supports businesses managing platforms which include: Digital Direct Web and Mobile Wealth Management Generative AI Digital Trading and Investing Digital Assets Asset Movement Automation and Workflow Contact Center support and New Account Opening (NAO) and maintenance.

What youll do in the role:

• Provide overall Risk support and coverage for WM Platforms.
• Assist in the management of and act as the central point of contact for Internal Audit Compliance Legal and external regulatory reviews to ensure coordination of informational requests with impacted areas and timely responsiveness.
• Lead and participate in Audit preparation prior to kickoff; Assist in drafting final audit reports inclusive of language editing and creation of action plans based on potential findings.
• Manage Issues and Action Plans through completion ensuring engagement and accountability of stakeholders as well as engagement with Audit and Compliance regarding status and progress.
• Collaborate with Platforms Business Units regarding the Non-Financial Risk Assessment (NFRA) operational incident reporting and potential fraud matters.
• Prepare presentations metrics reports and Key Risk Indicators (KRIs) to present informative data to the business and other relevant stakeholders.
• Participate in the development and execution of a comprehensive entitlement and governance framework as necessary to ensure protection of and justification for systems access.
• Collaborate with control partners across areas including but not limited to: WM Risk Internal Audit Legal Compliance Privacy Vendor Management Chief Data Office Fraud Operations Operations Model Management Technology Risk and Generative AI Governance as needed.
• Support the business in the creation and maintenance of policies and procedures.
• Maintain and update Business Continuity Planning (BCP) per Firm guidelines.
• Partner with the businesses to maintain and document reviews and attestations related to : Vendor Management Licensing and Registration Tools/EUCs Models and Tools inventories per Firm guidelines

Skills Required:

• Minimum of 5 years of experience in Financial Services Risk Management Compliance Governance Control or Audit roles with Wealth Management experience preferred
• Understanding of the Wealth Management business Digital Assets and Fraud Prevention risks and controls preferred
• Ability to effectively manage several key priorities simultaneously with focus on time management and prioritization
• Comfortable operating in a dynamic fast-paced environment with evolving business priorities
• Ability to lead and work closely with various senior business functional and risk management stakeholders
• Strong written verbal and presentation skills.
• Ability to collaborate and promote teamwork
• Strong attention to detail and work ethic
• Preferred but not required:
  • Certified in Risk and Information Systems Control (CRISC) certification
  • Certified Information Systems Auditor (CISA)certification
  • Certified Information Systems Security Professional (CISSP) certification

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley we raise manage and allocate capital for our clients helping them reach their goals. We do it in a way thats differentiated and weve done that for 90 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 opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion where individuals are hired developed and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate bringing a variety of backgrounds talents perspectives and experiences.

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