U.S. Banks_Operational Risk (Wealth Management) : Job Level - Executive Director

Company Profile:

Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions, and individuals around the world achieve their financial goals.

At Morgan Stanley India, we support the Firm’s global businesses, with critical presence across Institutional Securities, Wealth Management, and Investment management, as well as in the Firm’s infrastructure functions of Technology, Operations, Finance, Risk Management, Legal and Corporate & Enterprise Services. Morgan Stanley has been rooted in India since 1993, with campuses in both Mumbai and Bengaluru. We empower our multi-faceted and talented teams to advance their careers and make a global impact on the business. For those who show passion and grit in their work, there is many opportunities to move across the business.

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.

Division Profile:

Morgan Stanley Bank, N. A. (MSBNA) and Morgan Stanley Private Bank, National Association (MSPBNA) are national banks and indirect, wholly owned subsidiaries of Morgan Stanley, chartered by the Office of the Comptroller of the Currency (OCC). MSBNA headquarters is in Salt Lake City, Utah and has representative offices in New York; MSPBNA headquarters is in New York.

MSPBNA offers deposit and lending products, including mortgages, principally to clients of Morgan Stanley Wealth Management. Primarily a wholesale commercial bank, MSBNA offers consumer securities-based lending, commercial lending services, and traded and deposit products.

Background on the Position

The role will reside within the Wealth Management – US Banks Team in Mumbai.

The Wealth Management – US Banks Business Risk is the 1LOD risk management team responsible for the management of the non-financial risk the US Banks. We seek an Executive Director (“ED”) to join the First Line of Defense Business Risk team in Mumbai to lead all the functions within Business Risk spread across various NFR risk such as Privacy Risk, Conduct Risk, Testing and Validations, and Operational risk.

Responsibilities:

• Manage a large team of 50+ FTEs across various Business Risk functions.
• Manage team’s personal development, oversee production, oversee deliverables are on time and at high level of quality, and provide timely feedback.
• Manage escalations, and show a strong inclination towards problem solving and innovation.
• Contribute to production and recognize proper delegation, setting of department goals, work on efficiency projects to increase production and create efficient workflows and processes.
• Collect and analyze operational details from different silos of the US Banks, validate and reconcile the data elements and data sets from different sources.
• Design, develop and maintain management presentations, presentations for regulators stakeholders.
• Be the ambassador for digital transformation of the division, applying data techniques.
• Ensures quality service within SLAs to internal clients (i.e., Service Managers and Segment Managers).
• Draft and maintain procedure and audit documents.
• Ensure staff receive appropriate training & development, assist in developing training plans & provide coaching where necessary.
• Promote a culture of high performance and continuous improvement.

Experience Required

• Bachelor’s Degree with over 20+ years of experience leading Non-Financial Risk team in Risk management, Finance, Legal/compliance, or Audit is highly preferred.
• Extensive experience in managing, leading and developing a large team in a global organization.
• Familiarity with operational and business risk management is highly preferred.
• Project Management experience to manage critical automation projects and initiatives for process enhancements.
• Pro-active and possess strong problem-solving mindset.
• Detail oriented, with exceptional risk management and analytical skills.
• Experience at a global organization overseeing multiple priorities and different time zones.
• Possess excellent oral and written communication skills.
• Good collaboration skills in a team-oriented environment

Skills Required

• Proficient with Microsoft Office products and reporting tools, i.e., Advanced Excel, Tableau or PowerBI a plus
• Ready to accept challenges with an ability to assess issues from multiple angles.
• Highly motivated and comfortable in a fast-paced and evolving environment which includes ongoing learning and training opportunities.
• Must be an excellent communicator (both oral and written communication) with outstanding listening skills.

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.

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.