Job Type
Job Details
Vice President - Enterprise Risk Management Policy & Strategy
Firm Risk Management
Firm Risk Management (FRM) supports Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, operational, model and other risks.
Background on the Position
The role will reside with the Firm Risk Management's U.S. Banks Enterprise Risk Management (ERM) Team. The ERM Vice President role is focused on enhancing policies and the central risk governance framework activities, as well as managing key business as usual processes.
The role is responsible for managing the Banks' Risk Governance Framework, regulatory management and oversight, as well as managing Swap-Dealer reporting, and assisting in governance reporting. The role offers an opportunity to work closely with stakeholders across Firm Risk Management, Wealth Management and with other stakeholders that support the U.S. Banks and affords the prospective individual the potential to build new programs and create effective outcomes. The VP will drive major projects working with senior stakeholders across the enterprise to enhance and centralize activities within the ERM team.
Primary Responsibilities
> Establish and lead high priority initiatives with a regulatory focus to enhance the Banks' Risk Governance Framework.
> Implement new processes to enhance the central ERM oversight program focusing on regulatory management, Risk Appetite, and other key risk programs.
> Develop meaningful results in all aspects of projects, effectively communicate recommendations to senior-level executives, and provide updates to external parties.
> Support the team in identifying and developing solutions for emerging risks and areas of focus
> Coordinate and deliver on ad-hoc requests, including creating presentations for senior management and regulators
Experience
> 7+ years of full-time enterprise risk management, governance and/or regulatory experience in the financial services industry, with business, policy and procedure writing experience
> Bachelor's degree or equivalent, ideally in Finance, Economics, Law or similar
> Strategic thinker with the confidence to take ideas forward and to challenge others, where appropriate
> Understanding of banking regulation in relation to risk management, specifically OCC Heightened Standards
> Experience with coaching and mentoring junior staff to develop their skills and leadership abilities.
> Strong organizational skills with the ability to multitask and prioritize with strong proficiency with Microsoft Office suite (PowerPoint, Excel)
> Self-starter with a strong sense of ownership, accountability, and work ethic
> Ability to adapt in response to changing circumstances and work in a fast-paced environment, both independently and as part of a team, and under strict and changing deadlines
> Excellent communication skills, both verbal and written, with ability to produce concise and effective presentations
> Experience in management through influence and consensus building
Expected base pay rates for the role will be between $120,000 and $200,000 year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
FRM is committed to creating and providing opportunities that enable our workforce to reflect diverse backgrounds and views.
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