Campus Pride Jobs

Morgan Stanley is a global financial services firm that maintains significant market positions in each of its business segments- Institutional Securities, Wealth Management, and Investment Management. Morgan Stanley, through its subsidiaries and affiliates, provides a wide variety of products and services to a large and diversified group of clients and customers, including corporations, governments, financial institutions, and individuals. Institutional Securities provides a variety of products and services to corporations, governments, financial institutions, and ultra-high net worth clients. Wealth Management provides a comprehensive array of financial services and solutions to individual investors and small to medium-sized businesses and institutions covering: financial advisor-led brokerage and investment advisory services; self-directed brokerage services; financial and wealth planning services; workplace services including stock plan administration; annuity and insurance products; securities-based lending, residential real estate loans and other lending products; banking; and retirement plan services.

Our U.S. bank subsidiaries, Morgan Stanley Bank N.A. (MSBNA), Morgan Stanley Private Bank, National Association (MSPBNA), collectively, (the U.S. Banks) accept deposits, provide loans to a variety of customers, including large corporate and institutional clients as well as high to ultra-high net worth individuals, and invest in securities. Lending activity recorded in the U.S. Bank Subsidiaries from the Institutional Securities business segment primarily includes Secured lending facilities and Commercial real estate loans. Lending activity recorded in the U.S. Bank Subsidiaries from the Wealth Management business segment primarily includes Securities-based lending, which allows clients to borrow money against the value of qualifying securities, and Residential real estate loans.

The U.S. Bank Subsidiaries seek an Associate (ASC) to join the First Line Business Risk team to provide risk oversight for the U.S. Banks Shared Services/Affiliates (Operations, Technology, Finance, Treasury, HR, COO Office, etc.) which support the US Banks Business Units. This team is one of the teams that comprise the Business Risk Management organization. He or she will be responsible for aiding in the ongoing oversight of the Banks Affiliates which includes establishing risk management coverage model of working with the various key stakeholders within the shared services embedded risk teams ensuring continuous and consistent monitoring and escalation of the various risk frameworks (e.g. Issues/Action Plans, Operational Risk Incidents, Metrics, Reporting, Risk Assessments) and ensuring performance and execution of services within the service level agreements (SLAs) are adhered to. The individual will work with management and risk partners covering various Bank risk management oversight responsibilities as well as aiding in execution of key initiatives and projects while ensure compliance with U.S. Banks risk management policies and procedures.

The ASC U.S. Banks First Line Business Risk Officer will be responsible for the following:

Job Responsibilities:

• Manage the development, implementation, and execution of the First Line of Defense Business Risk program supporting the U.S. Banks Shared Services/Affiliates • Support the Bank’s execution of key projects and initiatives • Ensure the Business Risk Program includes elements to identify measure, monitor, control and report on the current and emerging risks and mitigating control environment in accordance with regulatory requirements and guidelines • Conduct quarterly meetings with various Affiliate stakeholders to review performance of services and discuss any issues/items of escalation • Aid in the implementation of sound risk management practices in support of the Banks Operational Risk frameworks, including Risk and Control Assessments (RCSA), Operational Risk Incident Management, Issues and Actions Management • Collaborate with stakeholders and across all three lines of defense to confirm comprehensive and consistent practices are followed to allow for a successful oversight program that proactively manages and assesses operational risk • Attend and participate in relevant management meetings and committees • Aid in the implementation of written procedures and desktop instructions for areas of responsibility to ensure consistency and compliance with regulatory and Bank expectations. • Perform centralized risk oversight responsibilities and collaborate with Share Services and Business Units, as needed, to ensure adherence with policies/procedures/service level agreements.

• 3 years of relevant experience in financial services industry, preferably in risk management, compliance, finance, operations, or audit. • Bachelor’s degree in finance, Business or other related field • Experience with risk management, framework governance, operations, technology, finance is a plus.

Required Skills:
• Attention to detail, strong analytical, quantitative, and problem-solving skills. • Risk management experience including governance, reporting, policy procedure review, audit/regulatory support. • Excellent verbal and written communication skills, presentation skills and the ability to influence and interact with senior members of the Bank. • Proficient use of Microsoft Office Suite of products including Excel, Word, and PowerPoint • Strong sense of ownership and accountability; is willing to be fungible and has an entrepreneurial spirit. • Ability to work in a fast-paced environment, both independently and as part of a team, and under tight deadlines.

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

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).

Expected base pay rates for the role will be between $57,000 and $110,000 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.

Job: *Operational Risk

Title: US Banks Operational Risk Associate – Dedicated Business Risk Coverage for Shared Services

Location: New York-Purchase

Requisition ID: 3262938