Operational Risk Business Resilience Officer - Vice President
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.
MS Wealth Management (WM) 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.
Role Description
The Wealth Management Business Resilience Team seeks a Vice President to enhance the Business Resilience program. This individual will help execute the vision for achieving an appropriately resilient business. This individual will build strong relationships with business partners, technology owners, operations teams, and suppliers. They will partner will the relevant firm teams to ensure compliance with firm requirements and standards as a minimum baseline and further build upon and enhance the Wealth Management specific framework. They will lead efforts to ensure that stability risks to critical business functions are documented and mitigated. A successful candidate will demonstrate strong risk management judgment and expertise in working with critical infrastructure and systems.
Primary Responsibilities
Form extraordinary relationships with clients, stakeholders, and partners
Assist in defining the strategy and vision for the WM business resilience and stability program
Prioritize assets for enhanced resilience and stability controls
Identify, socialize, and manage technology and business stability risks
Lead data analysis surrounding outage incidents to understand and report on business impact
Document resilience test scenarios (business and technical) and interpret results
Propose solutions (both technical and process oriented) to ensure key systems and functions have appropriate failovers/failbacks
Engage with subject matter experts specializing in applications, hardware, networks, and third parties/vendors to ensure resilience priorities are addressed and incorporated
Maintain sufficient understanding of the Firms resilience strategy to recognize opportunities for continuous improvement within WM
Stay up to date on relevant regulatory guidance for operational resilience and understand and cascade its application for the WM business
Skills And Requirements
8+ years of relevant experience, ideally in the wealth management or retail brokerage industry, dealing with operational resilience for critical systems and vendors.
Prior experience building, engineering, and supporting technology for critical business functions.
A strong grasp of modern technologies and infrastructure
Ability to operate as a self-starer and take a concept and independently execute to completion
Innate ability to form strong relationships and leverage excellent communication skills to influence stakeholders
Strong analytical and critical thinking skills, with experience assessing risk and identifying mitigating controls
Ability to manage multiple workstreams, business demands, and develop execution-oriented plans and timetables
Expertise in office productivity software, data analysis, and collaboration tools while employing an Agile-delivery mindset
What You Can Expect From Morgan Stanley
We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 85 years. At our foundation are five core values putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, youll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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.
We're committed to bringing passion and customer focus to the business.
New York: Expected base pay rates for the role will be between $100,000 and $180,000 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).
Apply Now
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.
MS Wealth Management (WM) 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.
Role Description
The Wealth Management Business Resilience Team seeks a Vice President to enhance the Business Resilience program. This individual will help execute the vision for achieving an appropriately resilient business. This individual will build strong relationships with business partners, technology owners, operations teams, and suppliers. They will partner will the relevant firm teams to ensure compliance with firm requirements and standards as a minimum baseline and further build upon and enhance the Wealth Management specific framework. They will lead efforts to ensure that stability risks to critical business functions are documented and mitigated. A successful candidate will demonstrate strong risk management judgment and expertise in working with critical infrastructure and systems.
Primary Responsibilities
Form extraordinary relationships with clients, stakeholders, and partners
Assist in defining the strategy and vision for the WM business resilience and stability program
Prioritize assets for enhanced resilience and stability controls
Identify, socialize, and manage technology and business stability risks
Lead data analysis surrounding outage incidents to understand and report on business impact
Document resilience test scenarios (business and technical) and interpret results
Propose solutions (both technical and process oriented) to ensure key systems and functions have appropriate failovers/failbacks
Engage with subject matter experts specializing in applications, hardware, networks, and third parties/vendors to ensure resilience priorities are addressed and incorporated
Maintain sufficient understanding of the Firms resilience strategy to recognize opportunities for continuous improvement within WM
Stay up to date on relevant regulatory guidance for operational resilience and understand and cascade its application for the WM business
Skills And Requirements
8+ years of relevant experience, ideally in the wealth management or retail brokerage industry, dealing with operational resilience for critical systems and vendors.
Prior experience building, engineering, and supporting technology for critical business functions.
A strong grasp of modern technologies and infrastructure
Ability to operate as a self-starer and take a concept and independently execute to completion
Innate ability to form strong relationships and leverage excellent communication skills to influence stakeholders
Strong analytical and critical thinking skills, with experience assessing risk and identifying mitigating controls
Ability to manage multiple workstreams, business demands, and develop execution-oriented plans and timetables
Expertise in office productivity software, data analysis, and collaboration tools while employing an Agile-delivery mindset
What You Can Expect From Morgan Stanley
We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 85 years. At our foundation are five core values putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, youll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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.
We're committed to bringing passion and customer focus to the business.
New York: Expected base pay rates for the role will be between $100,000 and $180,000 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).
Apply Now