Fraud Risk Director - NFR - Director

About the role

Morgan Stanley is seeking a Director to play a critical role within the Operational Risk Department to support the Firm in overseeing and challenging risk associated with External Theft and Fraud.

Responsibilities

• Support the Head of External Fraud Risk by executing on the Firm's non-financial risk framework to manage External Fraud risks.
• Provide thought leadership to drive strategic and tactical evolution of the Firm's External Fraud Program to maintain effectiveness given evolving threat landscape.
• Perform independent oversight and monitoring of associated risks and controls.
• Provide credible, independent challenge to 1LoD programs and control efficacy without assuming ownership of execution.
• Develop and foster engagement with 2nd line colleagues across non-financial risk who cover Business Units and tangential risks to ensure a consistent and holistic risk management response.
• Build and maintain strong positive relationships with the respective 1st line community while maintaining appropriate independence as a 2LoD function.
• Manage, coach, and oversee local resources within the Fraud Risk team.

Requirements

• An undergraduate degree (B.A., B.S., or equivalent) required.
• 6+ years of relevant experience within Financial Services, with demonstrated exposure to Operational Risk, Non Financial Risk, or independent control oversight frameworks.
• Hands on experience working with enterprise risk programs such as non financial risk assessments (e.g., NFRAC/RCSA like processes), issues and remediation, scenario analysis, risk events, or risk metrics.
• Excellent communication skills, both verbal and written; ability to tailor communication to technical and non-technical audiences.
• Strong interpersonal skills in order to work in a team-oriented environment.
• Strong leadership, stakeholder management and influencing skills.
• Strong organization skills with the ability to multitask and prioritize; ability to work under pressure and to tight deadlines.
• Strong analytical and problem-solving skills with demonstrated risk judgment and ability to assess control effectiveness at an enterprise level.

Qualifications

• Direct experience with External Fraud risk (e.g., payment fraud, identity theft, third-party fraud) from a risk oversight or governance perspective.
• Familiarity with regulatory expectations applicable to fraud risk management (e.g., OCC, FFIEC, SEC/FINRA).
• Prior experience within a large global financial institution such as Morgan Stanley.

Skills

• Excellent communication skills, both verbal and written; ability to tailor communication to technical and non-technical audiences.
• Strong interpersonal skills in order to work in a team-oriented environment.
• Strong leadership, stakeholder management and influencing skills.
• Strong organization skills with the ability to multitask and prioritize; ability to work under pressure and to tight deadlines.
• Strong analytical and problem-solving skills with demonstrated risk judgment and ability to assess control effectiveness at an enterprise level.

Benefits

The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component.

Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees.