Fraud Risk Director - NFR - Director
About The Position
Morgan Stanley is seeking a dynamic and high performing Director to play a critical role within the Operational Risk Department to support the Firm in oversight and challenge of risk associated with External Theft and Fraud. The successful candidate will be responsible for helping to execute independent oversight, analysis, and monitoring risks and controls around the Firm's External Theft and Fraud Program. In addition to anticipated daily oversight, challenge, coverage and incident review, the individual will play a critical strategic role in supporting the mitigation of risk. There is a need to drive evolution and transparency of the underlying control framework, support adoption of industry leading practices and technologies, and introduce new controls and processes to bolster the existing Theft and Fraud framework. Operational Risk refers to the risk of financial or other loss, or potential damage to a firm's reputation, resulting from inadequate or failed internal processes, people, systems, or from external events (e.g., fraud, legal and compliance risks, or damage to physical assets). Management works with the business units and control groups to help ensure Morgan Stanley has a transparent, consistent, and comprehensive program for managing operational risk, both within each area and across the Firm globally. This group designs, implements and monitors the company-wide operational risk program.
Requirements
- An undergraduate degree (B.A., B.S., or equivalent) required.
- 5-7 years of relevant Financial Services risk management experience; exposure to Operational Risk / Fraud Risk management preferable.
- Excellent communication skills, both verbal and written; ability to tailor communication to technical and non-technical audiences.
- Strong and interpersonal skills in order to work in a team-oriented environment.
- Strong leadership, stakeholder management and influencing skills.
- Strong organization skills with the ability to multitask and prioritize; ability to work under pressure and to tight deadlines.
- Strong analytical and problem-solving skills.
Responsibilities
- Support the Head of External Fraud Risk by executing on the Firm's non-financial risk framework to manage External Fraud risks.
- Provide thought leadership to drive strategic and tactical evolution of the Firm's External Fraud Program to maintain effectiveness given evolving threat landscape.
- Perform independent oversight and monitoring of associated risks and controls.
- Develop and foster engagement with 2nd line colleagues across non-financial risk who cover Business Units and tangential risks to ensure a consistent and holistic risk management response.
- Build and maintain strong positive relationships with the respective 1st line community.
- Maintain an awareness of evolving and emerging Fraud Risk issues as well as incidents.
- Manage, coach, and oversee local resources within the Fraud Risk team.
Benefits
- 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)
- Short/Long Term Disability
- annual discretionary incentive compensation award
- discretionary bonus component
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What This Job Offers
Job Type
Full-time
Career Level
Director
