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Assistant Vice President- Field Operational Risk
Morgan Stanley
Baltimore, MD, 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.
Wealth Management
Morgan Stanley’s Wealth Management business is one of the largest in the world with more than $2 trillion in client assets and nearly 16,000 Financial Advisors in 600+ offices across the U.S. Our Financial Advisors focus on delivering timely, customized solutions and services that help clients meet their financial and life goals. Our offering includes brokerage and investment advisory services, financial and wealth planning, access to credit and lending, cash management, annuities and insurance, and retirement services.
Team Profile
The Field Operational Risk organization is a strategic change agent which builds trust-based relationships with Field Management, Products, and Business Support teams to improve our department’s control environment. We challenge the status-quo to uncover and realize efficiencies, accept accountability for persistent improvement, and leverage our broad spectrum of expertise to monitor and mitigate risk and detect unknown control gaps through a robust testing program.
Role: Assistant Vice President, Field Operational Risk (Baltimore, MD)
• Supervise execution of Outgoing Wire policy assurance testing to determine branch adherence with wire transfer and call back verification policies; manage team resources through test preparation, execution, communication and reporting activities to ensure timely completion of strategic objectives
• Monitor and communicate results on business metrics to identify patterns, trends and areas where control improvements and/or increased management attention is warranted
• Identify opportunities for Morgan Stanley Wealth Management operational improvement and assist with corresponding change management activities, including: root cause analysis, issue and action plan definition, requirements development, etc.
• Support a variety of Field Operational Risk management initiatives and special projects, including: issue and action plan tracking, business activity monitoring, management reporting, audit inquiry response, targeted remediation support, etc.
• Independently analyze internal team policies, procedures and common practices to facilitate efficient and effective activity execution and continuously identify opportunities to improve Field Operational Risk efficiency
Qualifications
• At least five (5) years of financial services experience (preferably in wealth management or branch operations areas)
• Supervisory experience (must possess ability to communicate/inspire within the team)
• Strong project management skills with the ability to work independently (candidate should be self-motivated with strong analytical and problem-solving skills)
• Excellent oral and written communication skills, as the role involves interaction with senior business stakeholders, operational subject matter experts, firm and wealth management risk partners, compliance and audit functions
• Advanced working knowledge of Microsoft Excel, Word and PowerPoint (familiarity with MS Access is a plus)
• Bachelor’s Degree