Enterprise Non-Financial Risk - COO Team VP

Morgan Stanley • Baltimore, MD

1d • $95,000 - $165,000

About The Position

The Non-Financial Risk (NFR) organization is seeking a Vice President to support the NFR Chief Operating Office (COO). This position sits within the NFR Management Team, which is responsible for personnel and financials management, financial transparency, cost governance, and business-aligned decision support across the NFR organization. The successful candidate will lead initiatives that expose cost levers, shape demand, and enable business units to make informed investment decisions. Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world. What you'll do in the role: Maintain the financial health of the NFR organization while responding to new challenges, including developing the annual budget and forecasts, managing vendor engagements and managing the hiring pipeline Lead budgeting, forecasting, and financial planning processes in partnership with NFR Management, COO teams and LCD Operations Manage annual budget and liaise with the LCD Operations COO team proactively to address new risks or changes in business priorities that may impact NFR financials and organization Oversee monthly financial performance reporting, including budget vs. actuals, estimates, and technology expense targets, ensuring accuracy and actionable insights Execute group's vendor strategy by partnering with sourcing on bid process, reviewing task orders, on-boarding onshore / offshore consultants & tracking engagements to completion Manage & implement group's location strategy commitments Partner with recruiting & hiring managers to manage open requisitions & offer approvals Maintain transparency on the state of the organization through metrics, project plans, and status reports Create and develop executive-level presentations for meetings with NFR and LCD Operations leadership and define business cases to drive key initiatives Collaborate with a varied group of colleagues in NFR and LCD Operations globally Serve as a trusted advisor to the NFR COO and CAO, Business Managers, and LCD partners, providing insights on cost drivers, recovery mechanisms, and financial implications Drive automation, standardization, and data quality improvements to reduce manual effort and strengthen the integrity of cost transparency reporting. Establish reporting frameworks that elevate visibility of NFR costs and enable granular budget accountability

Requirements

• Excellent communication skills providing clear, actionable guidance to senior NFR stakeholders.
• Collaborative and self-starter approach; strong execution and judgment.
• Professionalism and ability to navigate an organization with various stakeholders with different competing priorities.
• Ability to articulate risk and impact to various audiences, and create plans to mitigate those risks
• Advanced analytical and problem-solving skills to support strategic financial decision making
• High accountability and judgement, demonstrated through ownership of budgeting, forecasting, and reporting with exceptional attention to detail
• Strong strategic alignment capability, able to present clear financial insights and influence decisions in governance forums.
• Demonstrated innovation and continuous improvement mindset, proactively enhancing automation, standardization, and data quality
• Strong risk awareness and controls, with the ability to identify, assess, and mitigate financial or operational risks
• Strong Excel and PowerPoint skills.
• Minimum of 8 years of relevant experience, preferably at a large/complex financial institution or government/regulatory body

Nice To Haves

• Financial services experience a plus.

Responsibilities

• Maintain the financial health of the NFR organization while responding to new challenges, including developing the annual budget and forecasts, managing vendor engagements and managing the hiring pipeline
• Lead budgeting, forecasting, and financial planning processes in partnership with NFR Management, COO teams and LCD Operations
• Manage annual budget and liaise with the LCD Operations COO team proactively to address new risks or changes in business priorities that may impact NFR financials and organization
• Oversee monthly financial performance reporting, including budget vs. actuals, estimates, and technology expense targets, ensuring accuracy and actionable insights
• Execute group's vendor strategy by partnering with sourcing on bid process, reviewing task orders, on-boarding onshore / offshore consultants & tracking engagements to completion
• Manage & implement group's location strategy commitments
• Partner with recruiting & hiring managers to manage open requisitions & offer approvals
• Maintain transparency on the state of the organization through metrics, project plans, and status reports
• Create and develop executive-level presentations for meetings with NFR and LCD Operations leadership and define business cases to drive key initiatives
• Collaborate with a varied group of colleagues in NFR and LCD Operations globally
• Serve as a trusted advisor to the NFR COO and CAO, Business Managers, and LCD partners, providing insights on cost drivers, recovery mechanisms, and financial implications
• Drive automation, standardization, and data quality improvements to reduce manual effort and strengthen the integrity of cost transparency reporting.
• Establish reporting frameworks that elevate visibility of NFR costs and enable granular budget accountability

Benefits

• Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings.
• The successful candidate may be eligible for an annual discretionary incentive compensation award.
• The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees