Wealth Management Operational Risk – RCSA – Vice President

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  • Post Date: June 18, 2020
  • Apply Before : July 18, 2020
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Job Description

Wealth Management Operational Risk – RCSA – Vice President

Job Number:

3153276

POSTING DATE: Jun 16, 2020
PRIMARY LOCATION: Americas-United States of America-New York-Purchase
EDUCATION LEVEL: Bachelor’s Degree
JOB: Wealth Management
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Vice President

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, achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

MS Wealth Management Operational Risk
Morgan Stanley Wealth Management (MSWM) Operational Risk group is responsible for overseeing the operational risk and control framework within the Wealth Management business unit. This team partners with the Business Risk and Control groups throughout the organization to implement control processes and procedures, report operational losses and reporting, manage audits and exams with Compliance and Internal Audit, organize the annual Risk and Control Self-Assessment (RCSA), and coordinate new operational risk programs in partnership with the business as well as Firm Operational Risk Management.

Key Responsibilities will include but are not limited to the following:

This role will provide broad exposure to all functions and business lines within Wealth Management. The main responsibilities for this role are as follows:

Regulatory Readiness: Serve as a central governance and oversight for key regulatory programs (e.g. LIBOR, ADA) impacting the WM business. This will include:
  • Establishment and maintenance of a framework for managing regulatory initiatives and readiness programs for the WM business segment
  • Cross-coordination with key groups within the Firm and WM to ensure consistency and compliance; this may involve multiple business, technology, and control partners
  • Development and ongoing reporting of program status and related issues; escalation of potential delays or issues impacting project deliverables and timeline
  • Development of playbooks that can be used to manage existing and new projects
  • Ensure comprehensive documentation standards are met and requirements, assumptions, changes in scope etc. associated with project and establish an audit trail to demonstrate these activities have been addressed
RCSA: Serve as a central governance and oversight for the successful completion of the WM’s RCSA. This will include:
  • Execute RCSA procedures designed to ensure completeness and accuracy of risks and controls recorded in the RCSA for the WM business
  • Manage centralized operational risks that impact multiple business units across WM
  • Support the development and enhancement of the RCSA and Control Governance policies, procedures and related training program, providing input and working with the relevant Firm ORD teams as required
  • Analyze RCSA and related Operational Risk data to produce risk profile analysis for quality assurance, senior management and governance forums

QUALIFICATIONS

Specific qualifications required are:
  • 6-10+ years of related experience in Financial Services, preferably within Wealth Management, and involvement in Operational Risk Management
  • Knowledge of products and markets, particularly around retail brokerage or investment advisory programs, trade support, banking products and capital markets
  • Proven ability to manage delivery/execution of a wide range of tasks and initiatives
  • Ability to lead and influence cross-functional teams where there is no direct reporting chain
  • Strong written and verbal communications skills, ability to interact at all levels of the organization and tailor messages appropriately
  • Strong presentation skills, including ability to create polished PowerPoint presentations for various levels of management
  • Independent self-starter who can manage multiple activities to defined deadlines
  • Strong leadership, project management skills and ability to manage many competing priorities
  • Ability to manage projects by ensuring on-time delivery and a high level of quality
  • Excellent analytical, critical thinking, and organizational skills
  • Highly skilled in Microsoft Excel, PowerPoint, and Word, Project and SharePoint
  • Strong knowledge of the regulations governing the financial industry.
  • Bachelor’s degree required, advanced degree a plus

 

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