Investment Management Operational Risk Coverage Officer

Morgan Stanley•New York, NY

About The Position

Morgan Stanley is seeking an inspiring leader to join MSIM's operational risk coverage team. This role is within the 2nd line Non-Financial Risk's Operational Risk Department. Operational risk is defined as the risk of loss or impacts resulting from inadequate or failed internal processes, people and systems or from external events. The Firm may incur operational risk across the full scope of its business activities, including revenue-generating activities (e.g., fund investment) and control groups (e.g., information technology and fund administration). The primary role of the MSIM Operational Risk Coverage Officer is to partner with the Firm's Investment Management Business Units and Control Groups to provide independent advice and guidance on the execution of business activities, strategic programs and initiatives, ensure operational risk policies and procedures are executed as intended, and to conduct independent oversight activities such as proactive risk reviews.

Requirements

10+ years of work experience in Financial Services, preferably including experience in an Investment Management / Asset Management environment and/or experience in navigating a large investment banking firm environment.
Internal experience in business, risk, audit and/or control functions (e.g. Operations, Finance) is strongly preferred
Strong understanding of Investment Management rules & regulations, in addition to public (Equities, Multi-Asset, Fixed Income etc.) and private (Alternatives, Private Credit etc.) markets.
Success with operating and managing within a matrix reporting environment, including oversight, delegation, prioritization, performance reviews and evaluations.
Self-starter with the ability to independently formulate and execute new ideas, and to critically evaluate risks
Strong communication and organization skills with the ability to multitask and prioritize; ability to work under pressure and to tight deadlines
Bachelor's degree or equivalent, ideally in a quantitative discipline, Finance, Economics or similar

Responsibilities

Partner with the Investment Management Business Unit and related Control Groups, to act as the primary second line relationship manager with first line risk teams for operational risk matters, including liaising with second line specialty risk, compliance, global financial crimes and testing teams
Play an active role in preparing relevant Governance topics and materials, providing risk management insight, review and challenge
Oversee losses and impacts to investment management and monitor mitigating actions
Advise on investment management process and control design as well as remediation
Identify areas of emerging or heightened risk. Monitor risk factors and trends within Investment Management to confirm appropriate risk reduction and remediation.
Perform deep dives and Lessons Learned exercises into material operational risk events (internal and external) and analyses of thematic operational risks
Lead Scenario Analysis activities where significant and emerging risks are assessed
Play an active role in the review and approval of new products and new activities originating from the Investment Management Business
Work collaboratively in a high performing global team responsible for identifying, assessing, reporting, and capturing operational risk information