Job Information
Morgan Stanley Vice President - LCD Operations (Legal and Compliance) in Mumbai, India
Company Profile* *
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, and individuals from more than 1,200 offices in 43 countries.
As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
*Department Profile: Legal and Compliance * Legal & Compliance Division (LCD) comprises of Legal, Compliance, Global Financial Crimes and Regulatory Relations.
The*Legal *Department provides guidance, requirements, and procedures for understanding and complying with the laws, regulations and Firm policies that apply to our businesses.
The Global*Compliance *Department identifies applicable Compliance Obligations and maintains a Firmwide Compliance Risk management program, including Compliance Risks that transcend business lines, legal entities and jurisdictions of operation.
Global Financial Crimesis responsible for the development and governance of the Firm’s financial crime prevention efforts across all regions and business units. Global Financial Crimes is comprised of the Anti-Money Laundering (AML), Sanctions, Anti-boycott, Anti-Corruption (ACG), Government, and Political Activities Compliance (GPAC) programs.
Operational Riskrefers to the risk of financial or other loss, or potential damage to a firm's reputation, resulting from inadequate or failed internal processes, people, systems, or from external events. Operational Risk Department (ORD) defines the framework, standards, and governance for Operational Risk for the Firm, and implements and monitors the company-wide operational risk program. ORD works with the business units and control groups to help ensure Morgan Stanley has a transparent, consistent, and comprehensive program for managing operational risk, both within each area and across the firm globally.
The Global Regulatory RelationsGroup (GRRG) is responsible for strategic and centralized management of the supervisory activities of Morgan Stanley’s regulators and related developments globally, with a focus on regulatory reviews and examinations and continuous monitoring activities. GRRG serves as the central point of contact for the regulatory staff responsible for supervisory activities at Morgan Stanley entities and for timely reporting to Firm management and other governance or management bodies, as appropriate, on those relationships and supervisory processes, including areas of significant regulatory focus or concern.
*LCD Center of Excellence – Mumbai *(LCD CoE) is a part of Morgan Stanley’s Global In-house Center, which provides global support to LCD and is an integral part of Firm and LCD strategy
The role will reside within the Legal and Compliance Division's (LCD) COO Department in LCD Operations. We are looking for a Vice President to join the Mumbai LCD Operations team. The candidate will be responsible for managing a team of eleven who support the Legal and Compliance Division for the following functions: Administration and Contingent Management, Business Unit Information Security Officer (BUISO), Entitlements, Outsourcing Control, Law Firm Risk and Vendor Management.
_Key Responsibilities_
Coordination for the annual BCP testing and Plan refresh.
Contingent onboarding, revisions, disengagement and furlough management.
Administration activities which include attorney license management, overdue training administration, Email disclaimer review etc.
Ensures divisional compliance with the Third Party Program Management framework for outsourcing control documentation.
Track, report and resolve data leakage incidents.
Manage divisional compliance with entitlement reviews.
Act as point of escalation for risk issues related to Vendor Management.
Coordinates with Firm sourcing, Legal, businessunits and vendors on contracts, RFPs, task orders, amendments and negotiations.
Manage the onboarding and ongoing validations of Law firms on iShield.
Facilitate the completion of Information Security reviews for law firms includingremediation / risk acceptance as necessary.
Manage the escalation of Information Security breaches to Firm resilience team and Third Party Program Management.
Assist in preparing metrics for Quarterly risk governance committees.
Identify and develop areas for improvement including system enhancement, process controls to improve the throughput, quality of work, supervisory reviews.
Ensure staff receive appropriate training & development, assist in developing training plans & provide coaching where necessary.
_Qualifications, Skills & Requirements_
Candidate should have a minimum of 10 years work experience
Proven relationship building and collaboration skills
Expertise in MS Office (Excel and PowerPoint)
Strong analytical and problem solving skills
Excellent stakeholder management skills
Very good communication skills, both oral and written
Prior experience in risk management, or other risk/control-based roles is preferred
Strong organizational skills with the ability to multitask and prioritize; ability to work under pressure and against tight deadlines.
Ability to work in a team environment, build and maintain a network of stakeholders throughout the firm.
Good understanding of banking regulation, especially relating to operational risk management is highly desirable
“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: *Client Services
Title: Vice President - LCD Operations (Legal and Compliance)
Location: Non-Japan Asia-India-Maharashtra-Mumbai (MSA)
Requisition ID: 3253651