Institutional Risk Vice President

Morgan Stanley • Purchase, NY

13h

About The Position

Morgan Stanley is a leading global financial services firm. This role supports the Institutional Risk function within Client Segment Risk, focusing on identifying, assessing, monitoring, escalating, and advising on risks across Institutional Consulting Solutions (Corporate Cash, Government Entity, Graystone, and Retirement businesses). The individual will provide risk advisory support, assist with control frameworks, support governance routines, and contribute to risk reporting and issue escalation. Additionally, the role supports the Institutional Portfolio Monitoring team, including oversight of institutional client portfolios subject to Investment Policy Statements (IPS). This involves reviewing IPS guidelines, translating restrictions into monitoring rules, identifying variances, supporting escalation and remediation, and contributing to the strategic refinement of the IPM operating model, workflows, dashboards, reporting, and technology-enabled monitoring capabilities. The position aims to strengthen Institutional Risk coverage and provide support for IPM's portfolio monitoring, governance, advisory, and strategic enhancement activities.

Requirements

• Strong knowledge of financial products, investment strategies, asset classes, portfolio construction, and institutional client needs.
• Experience in financial services, institutional risk, wealth management, compliance, controls, portfolio monitoring, advisory, or related functions.
• Familiarity with SEC, FINRA, and Firm compliance policies, procedures, and supervisory expectations.
• Strong analytical, problem-solving, investigative, and critical-thinking skills.
• Ability to identify risks, assess issues, determine appropriate escalation paths, and support remediation.
• Ability to provide practical, risk-based advisory support to business stakeholders and senior management.
• Strong understanding of control frameworks, governance routines, issue management, and risk reporting.
• Strong project management and organizational skills.
• Ability to manage multiple priorities in a fast-paced environment with evolving deadlines.
• Strong written and verbal communication skills.
• Ability to explain complex investment, portfolio, IPS, risk, and control concepts clearly and concisely.
• Ability to build effective relationships with business stakeholders, risk partners, control partners, vendors, technology teams, and senior leadership.
• Strong attention to detail and ability to work independently.
• Proficiency with Microsoft Office, including Excel, Word, PowerPoint, and Project.
• Experience with SharePoint development, maintenance, workflow support, or dashboard management.
• Bachelor’s degree required; Finance, Economics, Business, or equivalent relevant experience preferred.
• Seven or more years of financial services experience preferred, including experience in risk management, institutional services, wealth management, compliance, controls, portfolio monitoring, investment advisory support, or related functions.

Nice To Haves

• Familiarity with Clearwater Analytics, portfolio monitoring technology, data analytics tools, or coding experience would be a plus.
• Knowledge of Investment Policy Statements and rules-based portfolio monitoring would be a plus.
• Experience supporting Wealth Management, institutional services, branch or field risk, investment platforms, advisory programs, or portfolio monitoring would be beneficial.
• Experience with Investment Policy Statements, institutional portfolio oversight, portfolio restrictions, or rules-based monitoring is a plus.

Responsibilities

• Develop a broad understanding of Morgan Stanley Wealth Management’s Institutional business, including key products, platforms, client segments, support infrastructure, high-risk processes, governance routines, and strategic initiatives.
• Provide risk advisory support to Institutional business partners, helping identify, assess, communicate, and escalate risks across products, platforms, processes, and client-related activities.
• Partner with business stakeholders, technology teams, risk partners, and control partners to analyze, design, implement, and enhance control frameworks across Institutional businesses.
• Support risk assessments related to new business initiatives, platform enhancements, technology changes, AI-related buildouts, and other strategic efforts by advising on governance considerations, control design, risk mitigation, implementation readiness, and ongoing monitoring.
• Support the IIS Platform BCU support model, including the development, tracking, and reporting of relevant metrics to assess risk indicators, control performance, operational effectiveness, and business readiness.
• Conduct account, platform, and process analysis to identify trends, anomalies, emerging risks, potential control gaps, and areas requiring further review or escalation.
• Provide data mining, reporting, and analytics support to enhance transparency, inform management decision-making, identify emerging risks, and support timely executive-level reporting.
• Support business partners in identifying, understanding, assessing, and self-disclosing risks, including issues that may require remediation, governance review, or escalation.
• Review remediation plans and help ensure action plans are appropriately designed, documented, tracked, and completed within target timelines.
• Assess risk incidents and support Lessons Learned reviews, including identification of root causes, control enhancements, stakeholder impacts, and follow-up actions.
• Support the development, execution, and maintenance of risk assessment processes, including applicable non-financial risk assessment activities.
• Assist with internal and external audits, exams, and related requests, including coordination of materials, responses, evidence gathering, issue tracking, and management updates.
• Support updates to policies, procedures, standards, supervisory processes, and related governance documentation.
• Serve as a governance and risk support resource for billing-related processes, including oversight of billing controls, issue management, reporting, and governance routines, as applicable.
• Provide support for strategic initiatives and special projects, including cross-functional efforts, transformation initiatives, business process enhancements, and time-sensitive institutional risk priorities.
• Manage multiple projects and deliverables simultaneously, including ad hoc, executive-level, and time-sensitive requests.
• Support the onboarding, oversight, and monitoring of institutional client portfolios subject to Investment Policy Statements.
• Review IPS guidelines and translate written investment restrictions, asset allocation requirements, prohibited securities, concentration limits, liquidity requirements, and other portfolio parameters into mathematical, rules-based, or logic-based monitoring criteria.
• Help monitor portfolios through applicable technology platforms, SaaS solutions, internal tools, dashboards, and systemic monitoring processes.
• Identify, analyze, and escalate portfolio variances to Portfolio Managers, supervisors, Field Risk Officers, business stakeholders, and appropriate risk partners for review, action, and remediation.
• Contribute technical and analytical expertise to build, refine, and maintain IPM workflows, dashboards, reporting tools, monitoring routines, and quality control processes.
• Assist with the creation of executive-level reporting, trend analysis, issue summaries, risk metrics, and governance materials related to portfolio monitoring activity.
• Support the continued strategic refinement of the IPM team, including process design, workflow optimization, escalation protocols, technology enhancements, data quality improvements, reporting standardization, and operating model maturity.
• Provide advisory support to stakeholders regarding IPS interpretation, monitoring capabilities, portfolio variance themes, and potential risk considerations.
• Follow written supervisory procedures and help ensure monitoring activities align with applicable Firm policies, procedures, and governance expectations.
• Partner with Institutional Consulting Solutions, Institutional Client Segment Risk, Legal, Field Risk Officers, vendors, Financial Advisors, Private Wealth Advisors, Portfolio Managers, Client Service Professionals, and senior leadership.
• Communicate complex portfolio, product, IPS, and risk concepts clearly to stakeholders at multiple levels of the Firm.

Benefits

• Ample opportunity to move about the business for those who show passion and grit in their work.
• Some of the most attractive and comprehensive employee benefits and perks in the industry.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior