U.S. Banks Field Operational Risk Officer - Assistant Vice President

Job Summary

Morgan Stanley Private Bank, National Association (“Bank” or “MSPBNA”) seeks a Field Operational Risk Officer to join the Bank’s First Line Operational Risk Organization. The Field Operational Risk Officer will perform offsite risk monitoring, and onsite education and training of the operational and compliance risks related to the banking and lending activities of Private Bankers and Financial Advisors within the Field Operational Risk Officers’ dedicated region.

About the Role

The Field Operational Risk Officer will report to the Bank’s Head of Field Risk and will be based in the Purchase (NY) location. The Field Operational Risk Officer will serve as the Bank’s in-field primary resource concerning operational risks related to cash management and lending products and services. They will educate, advise and provide guidance to the field on questions and issues pertaining to products and services offered by the Bank.

Responsibilities

• Educate, advise and provide guidance to the field on questions and issues pertaining to products and services offered by the Bank
• Partner with, and leverage firm-wide monitoring groups and tools to oversee cash management and lending activities conducted by employees of the Bank in WM branches, to help ensure compliance with all applicable regulatory rules and all Firm and Bank policies and procedures
• Conduct daily and periodic monitoring activities and maintain accurate metrics and reporting for U.S. Banks Senior Management
• Create/Maintain/Own applicable field risk policies, procedures, and control libraries pertaining to the U.S. Banks field risk program
• Track and monitor risk indicators and conduct timely escalation of emerging issues to senior management
• Prepare and summarize results of offsite monitoring
• Aid with ad-hoc and annual risk, vetting requests from various partners across Morgan Stanley
• Partner with and leverage the Firm and Bank’s Operational Risk Team frameworks and programs
• Contribute to the preparation of senior management presentation materials

Requirements

• Bachelor’s Degree or higher
• 5+ years of experience in operational risk management, business management, legal/compliance, banking and lending product risk advisory, or internal audit
• Strong understanding of operational risk within the Financial Services industry (e.g. Private Banking, Retail Banking, and/or Mortgage Banking)
• Daily email surveillance and call monitoring
• Broad knowledge of lending and deposit product risks including risks related to lending products and (including residential home loans, securities based loans, commercial real estate lending, and deposit and cash management products and services (including ACH, wires, Deposit accounts, CDs/Structured CDs and credit/debit cards))

Skills

• Ability to manage multiple tasks concurrently in an efficient and effective manner
• Strong organizational, presentation and reporting skills
• Effective written and verbal communication skills
• Ability to work both independently and with team members under tight deadlines
• Ability to execute in a fast paced, high demand environment while balancing multiple priorities
• Ability to manage initiatives involving process improvements
• Ability to build effective business partnerships across the Bank and Firm
• Proactive enhancement of an oversight framework element
• Proficiency in Microsoft Office applications including Excel, PowerPoint, SharePoint

Benefits

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.

Pay

Base pay rates for the role will be between $85,000 and $140,000 per year at the commencement of employment.

Schedule

Travel expected: 0-15%