Job Type
Job Details
Morgan Stanley (“MS”) is a global financial services firm that conducts its business through three principal business segments—Institutional Securities Group (ISG), Global Wealth Management via Wealth Management (WM), and Asset Management. WM’s network includes approximately 15,000 Financial Advisors with total client assets of over $1.5 trillion. WM provides comprehensive financial advice and services to its clients including brokerage, investment advisory, financial and wealth planning, credit and lending, deposits and cash management, annuities, insurance, retirement, and trust services.
The U.S. Banks (“MSPBNA & MSBNA”) provides cash management and lending products and services to WM and ISG clients. The U.S. Banks Incident & Fraud Risk Management Team is seeking an Assistant Vice President (“AVP”) who will report to the U.S. Banks Incident & Fraud Risk Officer and will be responsible for owning first line of defense risk management activities related to incident management & fraud risk. This role will directly support and interact with the Banks’ business lines and will engage with the Firm’s Fraud Department who supports the U.S. Banks.
The role will be based in Purchase, NY.
Key Responsibilities:
• Maintain metrics and reporting for senior management and committee presentations. Specifically, perform incident analysis to confirm incidents applicable to the bank and generate timely and accurate reporting to management and regulators.
• Support Bank Risk governance forums and working groups to facilitate transparency / alignment across key operational risk areas.
• Support first line operational/business risk program to assess, measure, monitor, mitigate, and educate at-risk business units regarding bank operational risk.
• Participate in implementation of new processes and procedures as a result of regulatory changes and/or industry-detected events.
• Partner with business units, legal, risk, and compliance teams to ensure business is conducted in accordance with applicable laws, rules, and regulations.
• Collaborate with stakeholders and across all three lines of defense to confirm comprehensive and consistent practices are followed to allow for a successful oversight program that proactively manages and assesses operational risk.
• Support U.S. Banks Business Units and Dedicated Business Risk Partners functions with both internal and external exams impacting those respective areas.
• Aid in ensuring the Business Risk Program includes elements to identify measure, monitor, control, and report on the current and emerging risks and mitigating control environment in accordance with regulatory requirements and guidelines.
• Perform incident reviews to identify control / process vulnerabilities and partner with various stakeholders to assess potential strategic / tactical remediation opportunities.
For over 88 years, Morgan Stanley has combined old school wisdom with a passion for what's possible. Doing so enables us to provide clients with... Read more