U.S. Banks Affiliate Risk Oversight Execution Assistant Vice President

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. banking subsidiaries, Morgan Stanley Bank, N.A. (“MSBNA”), Morgan Stanley Private Bank, National Association (“MSPBNA”), each, a “Bank” and 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. Banks from the Institutional Securities business segment primarily includes secured lending facilities and commercial real estate loans. Lending activity recorded in the U.S. Banks 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.

Description:

The Assistant Vice President (AVP) in Affiliate Risk Oversight (ARO) serves as a key member of 1L Operational Risk within U.S. Banks Business Risk and is responsible for supporting the U.S. Banks’ Internal Affiliate program.

This role is responsible for identifying, measuring, monitoring, controlling, and reporting operational risks, while enabling consistent execution of risk management practices across the Banks. The AVP will work closely with business owners to ensure accountability for risks created within their respective lines. This role is vital for maintaining appropriate affiliate relationships and mitigating risk. The goal of this position is to strategically organize, lead and drive change to continue to educate and improve on the ARO structure and value. The program’s framework includes the following areas of responsibility:

Key Responsibilities:

• Ensure key regulatory guidance and requirements, particularly Office of the Comptroller of the Currency (OCC) Bulletin on Third Party Relationships and Regulation W, are adhered to for U.S. Banks’ Affiliate Task Orders

• Provide oversight and training to ensure adherence to the Banks’ Inter-Affiliate Management Policies and Procedures

• Prepare and present results of monitoring assessments, identified risks and remediation progress, and escalation of issues to senior bank management

• Support the execution of the First Line of Defense Oversight and monitoring program—identifying, measuring, and reporting emerging risks

• Drive Institutional risk related initiatives to ensure products are connected to firm-wide or Bank-wide programs, including being able to identify the need for technology and process changes within the products.

• Support execution across various Operational Risk frameworks in accordance with Firm and U.S. Bank requirements, including: Issue and incident management, Risk and Control Self-Assessment (RCSA), Control validation, Risk assessments and metrics, Exam and audit support

• Perform and oversee tasks related to Risk Control Self Assessments (RCSA), including evaluating risks, impacts, and mitigating controls, engaging with business partners, and documenting results

• Support U.S. Banks Institutional Businesses during internal and external audits, including document reviews and participation in exam meetings

• Collaborate with Risk partners (Legal, Compliance, Central Business Risk, 2nd Line Risk Groups) to resolve issues and obtain guidance

• Manage the production of management reporting materials and prepare for monthly risk meetings

• Perform data analysis and produce Excel reporting as needed

Experience and Knowledge :

• Minimum 5+ years of professional experience in financial services; operational risk, enterprise risk management, finance, compliance or audit

• Bachelor’s degree in Finance or Accounting or a related discipline.

• Banking experience is preferred

• Proven experience in operational risk management within financial services.

• Strong understanding of regulatory frameworks and risk governance.

• Experience with risk assessments and exams (Regulator, Internal Audit, Operational Risk, and Compliance).

• Understanding of RCSA or similar operational risk management frameworks.

• Experience working with cross-functional teams.

• This is a hybrid role and requires work from the office 4 days per week.

Skills:

• Ability to demonstrate experience with Institutional financial products, inclusive of derivatives

• Strong knowledge of banking risk, regulatory and/or compliance rules and regulations

• Strong interpersonal, verbal and written communication skills; capable of clear and concise writing, making presentations to an internal audience and interacting with upper Management, colleagues and clients

• Proven track record of working across organizational boundaries and having the ability to work in a matrixed organization; leveraging resources across the organization to complete deliverables

• Proficient in creating PowerPoint presentations and performing Excel data analysis

• Familiarity with Microsoft Office software

• Strong project management, execution, and reporting skills

• Confident, proactive, and independent self-starter

• Strong organizational skills and ability to prioritize tasks

• Ability to work in fast paced, high-demand environment, both independently and as part of team

• Consistent attention to detail with strong analytical, quantitative, and investigative problem-solving abilities

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

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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.

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).