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Digital Operational Risk Wealth Management, Vice President
Morgan Stanley
New York, NY, United States
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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 Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 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.
Digital Operational Risk, Wealth Management
The Digital Operational Risk unit is a first line of defense function responsible for overseeing the operational risk and controls of Wealth Management’s new Digital business line. Once fully formed, this team will partner with management across the Digital business to assess risks, implement control processes and procedures, manage audits and exams, and conduct the annual Risk and Control Self-Assessment (RCSA).
The Vice President role in the Digital Operational Risk unit will report to the unit’s Executive Director and be responsible for the following:
• Obtaining an understanding of aspects of the Digital business and new Digital initiatives in order to help advise on current and emerging operational risks.
• Building trust and establishing open lines of communication with Digital business leaders and control stakeholders such as legal, compliance, and risk managers in order to facilitate agreement regarding business objectives, constraints, and paths forward.
• Assisting and managing staff toward completing the annual RCSA, identifying control gaps, facilitating control remediation projects, and developing policies and procedures.
• Helping manage and prepare for upcoming third party exams (e.g., internal audit) and driving related action plans.
• Working with the business and functional support teams in order to remediate control gaps, respond to operational risk incidents, and earn approvals for new products or risk acceptances.
• Tracking and reporting on risk issues and action plans to ensure remediations are completed by target dates.
• Preparing monthly/quarterly metrics dashboards to inform senior management of status on key operational risk metrics and incidents.
Qualifications
• At least 8 years of experience in financial services risk management roles, with direct-to-consumer and wealth management experience preferred
• Understanding of digital wealth management business
• Demonstrated flexibility in a changing business environment and in dynamically deploying skills as needed
• Comfort working with business, functional, and risk management stakeholders
• Experience dealing with regulators or auditors
• Excellent written and verbal communications skills
• Team player with a track record of partnering with colleagues and mentoring junior employees
• Self-starter with a can-do approach and delivery focused mind set
• Detail-oriented and accurate
• Proficiency in MS Office applications (e.g., Word, Excel, Powerpoint, Visio, Project)
• Bachelor’s Degree; MBA, CFA, or ORM Certificate a plus