Risk Officer, Assistant Vice President

About the role

The Business Control Unit (BCU) within Wealth Management Platforms Risk has core responsibilities including, but not limited to, operational risk management, incident management, risk acceptances, risk and control self-assessment via the Non-Financial Risk Assessment (NFRA) framework, policy and procedures coordination, issue and action plan management, audit and Compliance exam preparation and management, licensing and registration review, committee and/or new product approval materials coordination, business continuity planning (BCP) coordination, and entitlements management.

Responsibilities

• Provide overall Risk support and coverage for WM Platforms.
• Aid in the management of, and act as the central point of contact for Internal Audit, Compliance, Legal, and external regulatory reviews to ensure coordination of informational requests with impacted areas and timely responsiveness.
• Lead and participate in Audit preparation prior to kickoff; Assist in drafting final audit reports, inclusive of language editing and creation of action plans based on potential findings.
• Manage Issues and Action Plans through completion, ensuring engagement and accountability of stakeholders, as well as engagement with Audit and Compliance regarding status and progress.
• Collaborate with Platforms Business Units regarding the Non-Financial Risk Assessment (NFRA), operational incident reporting and potential fraud matters.
• Prepare presentations, metrics, reports and Key Risk Indicators (KRIs) to present informative data to the business and other relevant stakeholders.
• Collaborate with control partners across areas including, but not limited to: WM Risk, Internal Audit, Legal, Compliance Privacy, Vendor Management, Chief Data Office, Fraud, Operations, Operations, Model Management, Technology Risk, and Generative AI Governance, as needed.
• Support the business in the creation and maintenance of policies and procedures.
• Maintain and update Business Continuity Planning (BCP) per Firm guidelines.
• Partner with the businesses to maintain and document reviews and attestations related to : Vendor Management, Licensing and Registration, Tools/EUCs, Models, and Tools inventories per Firm guidelines.

Requirements

• Minimum of 5 years of experience in Financial Services, Risk Management, Compliance, Governance, Control or Audit roles, with Wealth Management experience preferred.
• Understanding of the Wealth Management business, Digital Assets, and Fraud Prevention risks and controls preferred.
• Ability to effectively manage several key priorities simultaneously, with focus on time management and prioritization.
• Comfortable operating in a dynamic, fast-paced environment with evolving business priorities.
• Strong written, verbal and presentation skills.
• Ability to collaborate and promote teamwork.
• Strong attention to detail and work ethic.

Qualifications

• Preferred but not required: Certified in Risk and Information Systems Control (CRISC) certification, Certified Information Systems Auditor (CISA) certification, Certified Information Systems Security Professional (CISSP) certification.

Skills

• Understanding of the Wealth Management business, Digital Assets, and Fraud Prevention risks and controls preferred.
• Ability to effectively manage several key priorities simultaneously, with focus on time management and prioritization.
• Comfortable operating in a dynamic, fast-paced environment with evolving business priorities.
• Strong written, verbal and presentation skills.
• Ability to collaborate and promote teamwork.
• Strong attention to detail and work ethic.

Benefits

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.

Pay

Expected base pay rates for the role will be between $85,000 and $140,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Schedule

Details on the schedule will be provided upon hire.