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Operations Risk, Director- Investment Management Operations
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.
Operations is one of the largest divisions in the firm and has diverse responsibilities, including correctly settling and recording millions of transactions per day, identifying and mitigating all operational risks, developing strong client relationships and partnering with technology to realize the full potential of IT and e-solutions. Throughout, the Operations department continually seeks ways to improve while actively supporting the development of new businesses, structures and markets.
The Investment Management Operations group supports the equity, fixed income, liquidity and alternative businesses for Morgan Stanley Investment Management (MSIM), providing middle-office services including portfolio manager support, client services, portfolio transitions, market registration, product data and performance and attribution analysis. MSIM Operations also provides mutual fund support, derivative processing, and counterparty and credit event management.
Morgan Stanley Investment Management Operations
This Operations group supports the equity, fixed income, liquidity and alternative businesses for Morgan Stanley Investment Management (MSIM), providing middle-office services including portfolio manager support, client services, portfolio transitions, market registration, product data and performance and attribution analysis. MSIM Operations also provides mutual fund support, derivative processing and counterparty and credit event management.
Background on the Team
• The MSIM Operations Risk team supports the MSIM Operations line teams through the identification, assessment, remediation, reporting, mitigation and governance of risk
• The team is also involved in internal and external audit facilitations, end-user entitlements reviews, independent assessments, business continuity planning, managing regulatory risks, risk education and awareness and embedding a culture of risk management
• The team is global in nature with staff located in New York, London and Mumbai
• The New York team is responsible for North America Operational risk and control for the Investment Management Operations team
Primary Responsibilities
Position Description:
The position is primarily responsible for risk coverage, assessment and monitoring for Operations functions in Investment Management. This position would also require the individual to work closely with global functional teams and lead risk projects/initiatives in addition to regional day to day risk coverage and support.
Key Responsibilities:
• Operations Risk Management - risk identification, assessment, monitoring, tracking, reporting and mitigation
• Manage the risk identification and escalation process for risk matters within the region
• Participating and supporting regulatory reporting framework; with specific focus on regulatory matters & impacts in the region
• Providing governance and oversight over annual SSAE 16
• Contributing to risk incident post-mortems and deep-dives
• Periodic functional risk assessments and reporting to senior stakeholders
• Review and enhancement to current risk measurements and indicators in support of operational risks within the region
• System entitlements review facilitation
• Business Continuity Planning and Information Security Review
• Liaising and coordination for Audits (Internal, SSAE 16), external assessments and Regulatory Exams
• Facilitate Risk Control Self-Assessments (RCSA)
• Drive the Operations Risk program and initiatives globally and regionally, including participating in or leading associated projects
• Other related duties as assigned
Qualifications
• Preferable experience in Investment Management, Operations, Operational Risk and/or Regulatory Reporting
• A seasoned Director (or equivalent) with 5-8 years of experience, ideally Graduate/Post Graduate
• Ability to lead and drive initiatives independently
• Strong Presentation skills and an ability to report to and manage senior stakeholders
• Strong verbal and written communication skills
• Strong attention to detail, quality and accuracy
• High degree of computer literacy, including working knowledge of Windows-based applications such as Word, Excel and PowerPoint
• An ability to - think outside the box- and look for creative solutions
• Demonstrated ability to work effectively in a team-oriented environment
• Proven record of collaborating with colleagues across geographic and functional boundaries
• Strong drive for continuous improvement
Skills desired
• Relevant prior experience or knowledge of regulatory environment
• Relevant prior experience in conducting internal audits for Mutual funds and any exposure to Audit exercises will be an added advantage