Corporate Equity Solutions Operational Risk Manager & Complex Risk Officer
Morgan Stanley is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in more than 42 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions and individuals.
As a market leader, the talent and passion of our people are 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.
Morgan Stanley's Wealth Management business is one of the largest in the world with more than $2 trillion in client assets and nearly 16,000 Financial Advisors in 600 offices across the U.S. Our Financial Advisors focus on delivering timely, customized solutions and services that help clients meet their financial and life goals. Our offering includes brokerage and investment advisory services, financial and wealth planning, access to credit and lending, cash management, annuities and insurance, and retirement services.
The Corporate Solutions division within Wealth Management includes two business areas, Corporate Equity Solutions (CES) and Workplace Wealth. CES provides programs to corporate clients through Global Stock Plan Services, Executive Financial Services, and the Directed Share Program. Workplace Wealth provides employee benefit programs for corporate clients, such as financial education, personalized financial assessments and goals-based planning.
CES Operational Risk and Control
The CES Operational Risk team oversees the operational risk and control initiatives in the CES programs in partnership with business managers, Legal, Compliance, Operations and Technology. As a corporate office function, this team drafts and maintains policies and procedures, manages Internal Audits and Compliance Exams, organizes the annual Risk and Control Self-Assessment, and coordinates new operational risk programs with Wealth Management and Firm Operational Risk Management departments.
The CES Operational Risk Manager & Complex Risk Officer will have dual responsibilities, supporting both the operational risk and control efforts across the CES business and serving as a sales practice supervisor. Primary responsibilities of the Operational Risk Manager & Complex Risk Officer include:
Operational Risk Business Coverage Primary Responsibilities
•Facilitate the annual Risk and Control Self-Assessment (RCSA) process, coordinating across business stakeholders and related support functions, including front-to-back assessments, identification of new risks and controls, detection of control gaps, development of solutions and enhanced controls, analysis of risk ratings, and control testing.
•Perform analysis of processes, risks and controls involving the platform supporting the Global Stock Plan Services business.
•Track and facilitate documentation requests during Audit and Compliance examinations, remediate issues, design action plans to mitigate the identified risk, and upload required supporting documentation into Firm tracking systems for verification.
•Partner with CES business teams to create policies, procedures and WSPs, and monitor to ensure they are reflective of current business processes, are up-to-date, meet Firm content standards and are centrally maintained.
•Assist with anti-money laundering oversight, in coordination with Global Financial Crimes department
•Identification and report significant operational risk incidents, including associated remediations or action plans
•Manage ad-hoc projects by ensuring on-time delivery and high quality completion
•Preparation of presentation materials for management and committee meetings
Complex Risk Officer Primary Responsibilities:
•Support and assist the CES Complex Manager in daily account monitoring and supervisory reviews, remediations and ad-hoc issues
•Assist in the development, implementation and administration of surveillance procedures for limited purpose accounts associated with stock plans
•Facilitate supervisory inquiries and/or processes, including escalation to CES Risk Management, Legal and Compliance, and/or Business Management
•Liaise with the Legal and Compliance Division on customer complaints, litigation matters and regulatory inquiries
•Facilitate communication of Morgan Stanley Wealth Management policies and other regulations applicable to the business
•Work with the Complex Manager and CES Risk team to monitor risk, and ensure appropriate action is taken
•5-10 years of industry work experience in a compliance, risk, audit or Wealth Management operations related area preferred
•Series 9 & 10 required; Series 24 preferred
•Experience with risk disciplines, processes, and controls
•Strong understanding and/or aptitude for of the regulatory rules that govern the conduct of brokers and investment advisors
•Strong written, verbal and interpersonal skills to interact effectively with business partners
•Detail-oriented with the ability to leverage available resources to work efficiently
•Self-starter capable of solving problems and managing projects from start to finish.
•Needs to be collaborative and able to build effective working relationships.
•Strong commitment to Firm and client guardianship
•Strong organization skills with the ability to multitask, prioritize, and problem-solve
•Able to contribute in a small team environment, while coordinating with a large number of stakeholders to drive consensus
•Strong proficiency with PowerPoint, Word and Excel
Americas, United States
Website : http://www.morganstanley.com/
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. The companys Institutional Securities segment offers financial advisory services on mergers and acquisitions, divestitures, joint ventures, corporate restructurings, recapitalizations, spin-offs, exchange offers, leveraged buyouts, takeover defenses, and shareholder relations, as well as provides capital raising and corporate lending services. This segment is also engaged in sales, trading, financing, and market-making activities, including institutional equity, fixed income and commodities, research, and investment activities, as well as offers financing services, such as prime brokerage, consolidated clearance, settlement, custody, financing, and portfolio reporting services. Its Wealth Management segment provides brokerage and investment advisory services covering various types of investments comprising equities, options, futures, foreign currencies, precious metals, fixed income securities, mutual funds, structured products, alternative investments, unit investment trusts, managed futures, separately managed accounts, and mutual fund asset allocation programs. This segment also offers education savings programs, financial and wealth planning services, annuity and other insurance products, cash management services, trust and fiduciary services, retirement solutions, and credit and other lending products, as well as fixed income principal trading services. The companys Investment Management segment provides alternative investment products, such as hedge funds, private equity and real estate funds, and portable alpha strategies to institutional and intermediary channels, and high net worth clients, as well as is involved in real estate investing and merchant banking businesses. Morgan Stanley was founded in 1935 and is headquartered in New York, New York.