Operational Risk – Incident Management - Assistant Vice President
Operational Risk – Incident Management - Assistant Vice President
Morgan Stanley
Baltimore, MD
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MS Wealth Management (MSWM) Operational Risk
Morgan Stanley Wealth Management 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, and coordinate new operational risk programs in partnership with the business as well as Firm Operational Risk Management.
This role will provide broad exposure to all functions and business lines within Wealth Management. The main responsibilities of this role will be to focus on effectively managing residual Business Disruption & Resilience risk. The responsibilities of the role are a combination of business-as-usual processes as well as discrete projects that are strategic in nature.
Specific duties within the WM Operational Risk team will include:
- Collaborate with a large number of stakeholders to identify, coordinate, escalate and monitor various operational resilience events – including market, technology, geo-political and other business disruption events.
- Provide Senior Management with strategic intelligence on potential impacts and work with various stakeholders to formulate readiness or containment strategies.
- Provide clear & concise communication to a broad audience, including senior leadership.
- Closely monitor the market and current events for potential external risks to the Firm
- Develop detailed playbooks to support the WM business during market, technology, geo-political or macro-economic events.
- Support with the assessment and invocation of WM Crisis protocols.
- Ensure that risks identified as part of an event have been effectively evaluated and Firm Policies, Controls and Business Continuity Plans are appropriately updated to reflect lessons learned.
- Assist with regular incident metrics and analysis for Senior Management, which allows for visibility into incident volumes, impacts, and other trends. Identify and track thematic risks.
- Attain subject matter expertise with the Firm’s incident & BCP reporting tools, to be able to aid and train others, as needed.
- Assist with training events and presentations with regards to changes to procedures, tools, new processes, etc.
- 7+ years of Business Resilience or Operational Risk management experience.
- Strong familiarity with Wealth Management businesses and functions, as well as the financial services industry.
- Strong Data Analytics skills and should be able to effectively operate in high-pressure scenarios.
- Solid written and verbal communication skills, with the ability to write succinct and meaningful memos for senior stakeholders.
- Must take a data and facts-based approach to problem solving.
- Strong project management skills with the ability to effectively monitor plans and gather updates
- Advanced knowledge of Microsoft Office suite, emphasis on Outlook, Excel, and PowerPoint.
- Bachelor’s degree
- Supervisory experience and used to working in a matrixed environment
- Financial product familiarity (Equities, Bonds, Options, ETFs) would be a plus
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
Posting Date
Aug 19, 2024
Primary Location
Americas-United States of America-Maryland-Baltimore
Education Level
Bachelor's Degree
Job
Wealth Management
Employment Type
Full Time
Job Level
Assistant Vice President
-
Seniority level
Not Applicable -
Employment type
Full-time -
Job function
Finance and Analyst -
Industries
Financial Services, Investment Banking, and Investment Management
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