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Wealth Management - Conduct Risk Team, Vice President
Morgan Stanley
Purchase, 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.
The Wealth Management (WM) Conduct Risk Team, a group within the WM Risk Organization, is responsible for leading efforts to implement a framework to identify, assess, monitor, and mitigate conduct risks and is seeking to hire a Vice Presidentto join the team. The Conduct Risk Team currently has four full time employees reporting into the Head of Conduct Risk (an Executive Director). The candidate will primarily be responsible for developing controls and/or processes to detect and mitigate conduct risk within WM and will involve collecting and analyzing data and information, creating reports and metrics for senior Risk, Field and Executive Management. The candidate will also be required to run various Governance meetings and serve as Secretary (create agendas, document minutes etc.) for Conduct Risk Committee meetings. The role will involve working with a broad range of stakeholders and business partners within Wealth Management including working with the Global Head of Conduct Risk, Legal, Litigation, Special Investigations Unit, Compliance, Internal Audit, Risk and Control Teams, Field Management, Service, Technology, among others, across the Firm.
Primary Responsibilities:
The VP candidate will report directly to an Executive Director (ED), Head of the Conduct Risk Team within WM Field Risk and Supervision Group. The individual will work closely with the Head of the group to develop a supervisory framework to detect and mitigate Conduct Risk issues identified across WM and in close collaboration with the Data Analytics team to create a more effective model for predicting regulatory and conduct risks. As conduct risk issues are identified, the candidate will conduct fact finding interviews, where applicable, with Branch/Complex Management, Risk Officers, Financial Advisors, Client Service Associates, and other Branch personnel. The candidate will also assist the Head of Conduct Risk to Chair sub committees under the Conduct Risk Committee to remediate such issues. The individual must be able to partner with external department heads to address deficiencies identified related to supervisory procedures or systems. The candidate must also be successful in driving strategic projects and initiatives, and be able to communicate effectively to report on key risk metrics and key risk indicators. The candidate must have a strong regulatory and/or audit background, FINRA, SEC and/or NY FRB experience a plus, strong analytical and communication skills with the ability to take complex information and simplify for communication and presentation to Senior Management. The individual must be a self-starter, a problem-solver and creative, with a strong commitment to Firm and client guardianship. The individual must be able to work in a fast-paced and dynamic environment, and become involved in a diverse set of issues and have a direct impact on the future success of the group.
Qualifications
Required Qualifications:
• 8+ years of financial services experience, previous Morgan Stanley Wealth Management experience a plus
• Comprehensive knowledge of financial markets, investment products and services and Wealth Management strategies
• Excellent quantitative and analytical skills with substantive knowledge of various investment concepts
• Exceptional verbal and written communication skills, including public presentation experience, staff training, and collaboration ability
• Prior Wealth Management experience a plus
• Prior Audit, Regulatory and/or Legal experience a must
• Advanced proficiency in MS Office, PowerPoint, Excel, VISIO, Access and v-lookups
• Ability to work well with colleagues across a diverse range of working groups in a fast-paced environment
• Excellent problem-solving and business judgment
• Strong organizational, planning and time management skills
• Ability and willingness to voice ideas, in addition to following instructions
• Self-starter with strong project management capabilities and an attention to detail