Risk Management, Risk Data, Vice President
London
JR034386

The role will reside within the Morgan Stanley Risk Data team within the Firm Risk Management (FRM) function. Risk Data is responsible for the development, management and promotion of data quality and data governance standards, and for monitoring the Risk Data Domains (e.g., Credit Risk, Market Risk & Liquidity Risk) to evidence compliance with internal data governance policies and procedures, and with the BCBS 239 Principles. Risk Data provides strategic partnership across FRM and firmwide divisions to enhance risk data management and governance.

The team collaborates across FRM functional and data teams, including Risk Domains, Risk Reporting, divisional Technology teams, Data Quality Governance Councils (DQGCs), the Firmwide Data Office (FDO), the Data Governance Office (DGO), other Divisional Data Offices (DDOs) within Morgan Stanley and subject matter experts (SMEs), to oversee the management of data owned and/or consumed by FRM.

The team is responsible for contributing and ensuring alignment to the Global Data Quality Policy and related standards, developing procedures to implement these policies within FRM, and reviewing proposed country, legal entity or risk domain–specific Risk Data policies or procedures to ensure congruency and alignment across FRM and with firmwide requirements.

Risk Data seeks a Vice President to support the execution of data quality and data governance initiatives for the FRM function. The selected candidate will partner closely with senior Risk Data leadership, as well as with FRM Risk Domains, Risk Reporting, and Technology teams, to drive implementation of BCBS 239 requirements, enhance governance frameworks, and address data quality and data management challenges across FRM.

The role includes responsibility for supporting data strategy execution and framework implementation, as well as contributing to the development and maintenance of frameworks aligned to evolving regulatory requirements, including BCBS 239. The role also involves partnering with Technology on data governance, control, and technology dependent initiatives, including Data Architecture, Data Issue Management and Data Lineage programs.

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, model and other risks.

About Morgan Stanley 
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. 

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. We 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.

What will you be doing?
•    Support execution of data initiatives and deliverables to ensure compliance with the Global Data Quality Policy and BCBS 239 requirements across FRM, including the ECB Guide on Risk Data Aggregation and Risk Reporting.
•    Drive implementation of BCBS 239 framework to support adherence to evolving regulatory standards, including the ECB Guide on Risk Data Aggregation and Risk Reporting.
•    Partner with Risk Domains to identify, document, and maintain data ownership, data authorities, critical data elements, and associated data quality controls for prioritized data.
•    Contribute to the development, enhancement, and maintenance of Risk Data policies and procedures, ensuring alignment with firmwide requirements.
•    Coordinate with Subject Matter Experts to interpret and apply BCBS 239 requirements in a practical, operational, and regulatorily compliant manner.
•    Support Technology dependent initiatives related to data governance, data quality, data lineage, and architecture, including business requirements and testing support.
•    Identify, document, and manage data quality risks and issues, including development, execution, and tracking of remediation plans through closure.
•    Prepare governance, reporting, and approval materials for senior management committees and forums.
•    Support coordination, management, and preparation for internal and external examinations, including tracking and monitoring audit deliverables.

What we’re looking for:
•    Bachelor’s degree or equivalent.
•    7+ years of work experience, within the financial services industry, with experience in risk reporting, risk management and/or data governance. 
•    Knowledge and exposure to US, EMEA and UK financial regulations including BCBS 239 and Basel III pertaining to risk data aggregation/reporting.
•    Strong analytical and problem solving skills.
•    Strong organizational skills with an interest in working in a fast-paced environment, often balancing multiple high priority deliverables.
•    Ability to communicate effectively with a wide range of stakeholders, both written and verbal.
•    Attention to detail and ability to provide information in usable formats (proficiency in Microsoft office, including Excel, PowerPoint and Word).

Skills that will help you in the role:
•    Ability to work independently in a self-directed way in a collaborative environment.

Where will you be working?
This role is based in 20 Bank Street, London.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years.  Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices​ into your browser.

Certified Persons Regulatory Requirements:
If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.

Flexible work statement
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background.  Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.