Risk Officer - Vice President

About the role

The Risk Officer - VP position within Morgan Stanley’s Wealth Management Platforms Risk Business Control Unit (BCU) provides overall Risk support and coverage for WM Platforms. Responsibilities include implementing and maintaining oversight and control infrastructure, managing NFRA annual process, identifying and enhancing business process risks and controls, assisting with MSIs and Action Plans, incident remediation, developing and updating policies and procedures, preparing presentations and reports, and maintaining vendor, licensing, and registration reviews.

Responsibilities

• Provide overall Risk support and coverage for WM Platforms.
• Implement and maintain oversight and control infrastructure to reasonably ensure that the line of business is operating within Policies and Procedures and adhering to applicable regulatory rules and standards.
• Manage, coordinate and maintain Non-Financial Risk Assessment (NFRA) annual process, ensuring NFRA deliverables are executed appropriately and timely.
• Maintain, identify, and/or enhance business process risks and controls documentation.
• Aid in the identification of Management Self-Identified Issues (MSIs) and design & delivery of appropriate Action Plans.
• Aid in appropriate Incident remediation; conduct evaluations/assessments of business areas to identify gaps in policies and procedures and recommend potential process and control improvements.
• Partner with product/business owners as well as Legal, Risk and Compliance to help develop, document, and update policies and procedures.
• Work with the Internal Audit / Compliance department and business leads through periodic assessments; help ensure delivery and understanding of materials / processes; analyze issues, findings and deliverables to ensure they are appropriate.
• Partner with product / business owners and Firm Resiliency department to help develop and maintain effective continuity plans.
• 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, Model Management, Technology Risk, and Generative AI Governance, as needed.
• Partner with the businesses to maintain and document reviews and attestations related to: Vendor Management, Licensing & Registration, Tools/EUCs, Models, and Tools inventories per Firm guidelines.

Requirements

• 5+ years’ experience in risk management and/or related brokerage business processes within the financial industry.
• Industry certification preferred (i.e. Series 3, 4, 7, 24 or 66), or related industry governance experience.
• Knowledge of financial regulations (FFIEC, FED, OCC, FINRA) pertaining to Operational Risk preferred.
• Bachelor’s degree or related financial industry experience preferred.

Qualifications

• High level of professionalism, self-motivation, and a strong sense of urgency.
• Solid business judgment and ability to understand and prioritize business obligations.
• Excellent communication, execution, and ability to adapt to changing business conditions.
• Strong analytical, problem-solving and project management skills.
• Excellent teamwork and partnering skills.
• Proficiency in Excel, Dashboard tools and PowerPoint.

Skills

• High level of professionalism, self-motivation, and a strong sense of urgency.
• Solid business judgment and ability to understand and prioritize business obligations.
• Excellent communication, execution, and ability to adapt to changing business conditions.
• Strong analytical, problem-solving and project management skills.
• Excellent teamwork and partnering skills.
• Proficiency in Excel, Dashboard tools and PowerPoint.

Benefits

Morgan Stanley offers a comprehensive benefits package including health insurance, retirement plans, and paid time off. Additionally, the company supports diversity and inclusion initiatives, and provides opportunities for professional development and advancement.

Pay

The salary range for this role is determined by market conditions and experience.

Schedule

The schedule for this role is typically full-time.