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Field Strategic Services Risk 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.
Field Strategic Services (FSS) - Risk, Wealth Management
As the complexities of our industry continue to evolve, the Field Strategic Services unit focuses on process redesign and enhancements to simplify the day-to-day experience for the Field, and to make it easier and more efficient for our service professionals to work with, and service, their clients.
FSS Risk is responsible for overseeing the operational risk and controls of Wealth Management’s New Account Opening (NAO) and Onboarding processes , as well as for certain systemic platforms and business unit(s) used in daily branch workflow processing. Once fully formed, this team will assess risks, implement control processes and procedures, assist in managing audits and exams, and partake in the annual Risk and Control Self-Assessment (RCSA).
This role in the FSS Risk unit will be responsible for the following:
• Obtain a thorough understanding of the aspects of the FSS business and initiatives in order to advise on current and emerging operational risks.
• Build trust and establish open lines of communication with business leaders and control stakeholders such as legal, compliance, and risk managers in order to facilitate agreement regarding business objectives, constraints, and paths forward.
• Partake in the annual RCSA, identifying control gaps, facilitating control remediation projects, and develop policies and procedures.
• Develop metrics, reports and key risk indicators (KRIs) in order to assess and report informative data to the business, and other stakeholders.
• Represent the FSS Risk unit in meetings with senior business, functional and risk management stakeholders, as necessary.
• Advise the business on standards for accepting certain risks, and on possible improvements to the control suite.
• Prepare and plan for upcoming internal or external exams, and ability to manage for remediating control gaps or for improving processes.
Qualifications:
• Minimum of 7 years of experience in financial services risk management or Compliance roles, with Wealth Management experience preferred
• Understanding of Wealth Management business
• Willingness to obtain a working knowledge of the RCSA procedures and practices
• Demonstrate flexibility in a changing business environment and in dynamically deploying skills as needed
• Comfort in working closely with various senior business, functional, and risk management stakeholders
• Ability to collaborate and to promote teamwork, as well as to work independently as necessary
• Excellent written and verbal communications skills
• Strong attention to detail and strong work ethic
• Bachelor’s Degree
• Series 7 and 24 a plus