Job Information
Morgan Stanley Associate - Operational Risk / QA - US Banks (Wealth Management) in Mumbai, India
Description Morgan Stanley (MS) is a global financial services firm that conducts its business through three principal business segments-Institutional Securities Group (ISG), Global Wealth Management via Wealth Management (WM), and Asset Management. WM's network includes approximately 15,000 Financial Advisors with total client assets of over $1.5 trillion. WM provides comprehensive financial advice and services to its clients including brokerage, investment advisory, financial and wealth planning, credit and lending, deposits and cash management, annuities, insurance, retirement, and trust services. The US Banks [Morgan Stanley Private Bank, National Association (MSPBNA) and Morgan Stanley Bank, N.A. (MSBNA)] provide cash management and lending products and services to serve the needs of WM & ISG clients.
This role is an Associate position is within the US Banks First Line Operational Risk team. This team is one of the teams that comprise the Business Risk Management organization. The Associate will also work closely with Operational Risk Managers in executing the issues management and risk and controls functions for the US Banks First Line of Defense.
Responsibilities:
- Perform and assist in executing core Operational Risk Issues and Action Plan (I&A) Management framework responsibilities by providing support coverage across various Business Units and stakeholders.
- Primary responsibility would be to execute the I&A management framework for the US Banks including:
- Preparing monthly and quarterly reporting to various stakeholders requiring excellent proficiency with Excel and PowerPoint, as well as familiarity with large data sets and analytics
- Creation and maintenance of all First Line policies and procedures related to the Banks operational risk activities including drafting, reviewing, and updating them as required.
- Support and management of I&A framework sustainability.
- Support the execution of the Risk & Control Self-Assessment (RCSA) program for the US Banks including:
- Review US Banks RCSA AUs inclusive of risks, ratings, and rationales.
- Provides support and guidance to AUCs for CILA, CAM, or other RCSA-related system
- Perform data analysis in support of periodic committee reporting.
- Draft reporting of RCSA Results to Senior Management Committees
- Conduct data reviews and analysis across Operational Risk Frameworks to support execution of the RCSA.
- Participate in QA/QC activities once process is implemented and rolled out
- Support enhancement plans for the RCSA program and developing new strategies to evolve the program as an effective risk management tool.
- Assist in deliverables for US Banks RCSA AUs for the firm-wide Non-Financial Risk Assessment (NFRA) program integration.
- Provide support and guidance on risk and control triggers and oversight of completion of triggers.
Required Skills/Experiences
- Bachelor's degree; preferably in Finance, Accounting, Economics, or related field.
- 3 years of relevant experience in operational risk management, data analytics, audit, or business and management consulting.
- Experience in risk analysis within the financial services industry, and understanding of banking regulatory requirements, is a plus.
- Familiarity with operational and business risk management is highly preferred.
- Strong a Attention to detail, strong analytical, quantitative, and investigative problem-solving abilities.
- Excellent verbal and written communication skills, including PowerPoint/presentation skills and the ability to influence and interact with senior members of the Bank.
- Ability to analyze a function, process, or transaction, and identify the key risks and controls within it.
- Strong interpersonal skills: Ability to freely develop networks, build consensus, prioritize effectively, and develop alliances across organizations.
- Risk management experience, including control design, risk and control self-assessments, and process identification.
- Ability to work in a fast-paced, high-demand environment, both independently and as part of a team, under tight deadlines and with the ability to manage multiple priorities concurrently, efficiently, and effectively.
- Strong project management and technical reporting skills i.e., dashboard creation
- Proficient with Microsoft Office products and reporting tools, i.e., Advanced Excel, Tableau, PowerBI, etc.
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.
Job: *Other
Title: Associate - Operational Risk / QA - US Banks (Wealth Management)
Location: Non-Japan Asia-India-Maharashtra-Mumbai (MSA)
Requisition ID: 3263342