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US Banks Operational Risk Assistant Vice President - Issues and Actions Management

Company: Morgan Stanley
Location: Purchase
Posted on: September 21, 2022

Job Description:

Overview:

Morgan Stanley is a leading global 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.

Position Description:

This role is an Assistant Vice President 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 Assistant Vice President will also work closely with Operational Risk Managers in executing the risk and control functions for the First Line of Defense for the U.S. Banks.

Job Responsibilities:

Perform and assist in executing core Operational Risk framework responsibilities and supporting coverage across Business Units and First Line Bank Support Functions.

* Primary responsibility would be to manage the execution of the Issues and Action Plan (I&A) management framework for the US Banks supporting the US Banks First Line Operational Risk team including management of the daily review of new issues tagged to Banks to determine impact/applicability and ensure appropriate tagging in system of record.
* Support and management of I&A framework sustainability inclusive of expanding the framework and enhancing existing processes such as Long Dated Issues / Risk Acceptance monitoring, implementation/delivery of training to Business Units and relevant stakeholders, quality assurance, and data analytics.
* Participate in the enhancement of Self-Identified Issues program and potential Known Limitations framework.
* Develop in-depth knowledge of the US Banks Institutional, Bank and Lending products and forge deep relationships with Business Unit partners, the Second Line of Defense Operational Risk Department, and provide support of Operational Risk programs.
* Bachelor's degree in Finance, Business or other related field
* 5 years of relevant experience in operational risk management, compliance or audit.
* Experience within the financial services industry, and understanding of banking regulatory requirements, is a plus.
* Strong risk analysis - Ability to analyze a function, process, or transaction, and identify the key risks and controls within it.
* 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 interpersonal skills
* Ability to freely develop networks, build consensus, prioritize effectively, and develop alliances across organizations.
* 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.

Keywords: Morgan Stanley, New Rochelle , US Banks Operational Risk Assistant Vice President - Issues and Actions Management, Executive , Purchase, New York

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