Risk COO (Risk Management) : Job Level - Vice President

Morgan Stanley • New York, NY

10h • $120,000 - $205,000

About The Position

Firm Risk Management (FRM) supports Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, model and other risks. Background on the Position The role will reside within the Morgan Stanley Risk Data team within the Firm Risk Management (FRM) function. Risk Data is responsible for the development, management and promotion of data quality and data governance standards, and for monitoring the Risk Data Domains (e.g., Credit Risk, Market Risk & Liquidity Risk) to evidence compliance with internal data governance policies and procedures, and with the BCBS 239 Principles. Risk Data provides strategic partnership across FRM and firmwide divisions to enhance risk data management and governance. The team collaborates across FRM functional and data teams, including Risk Domains, Risk Reporting, divisional Technology teams, Data Quality Governance Councils (DQGCs), the Firmwide Data Office (FDO), the Data Governance Office (DGO), other Divisional Data Offices (DDOs) within Morgan Stanley and subject matter experts (SMEs), to oversee the management of data owned and/or consumed by FRM. The team is responsible for contributing and ensuring alignment to the Global Data Quality Policy and related standards, developing procedures to implement these policies within FRM, and reviewing proposed country, legal entity or risk domain-specific Risk Data policies or procedures to ensure congruency and alignment across FRM and with firmwide requirements. Risk Data seeks a Vice President to support the execution of data quality and data governance initiatives for the FRM function. The selected candidate will partner closely with senior Risk Data leadership, as well as with FRM Risk Domains, Risk Reporting, and Technology teams, to drive implementation of BCBS 239 requirements, enhance governance frameworks, and address data quality and data management challenges across FRM. The role includes responsibility for supporting data strategy execution and framework implementation, as well as contributing to the development and maintenance of frameworks aligned to evolving regulatory requirements, including BCBS 239. The role also involves partnering with Technology on data governance, control, and technology dependent initiatives, including Data Architecture, Data Issue Management and Data Lineage programs.

Requirements

• Bachelor's degree or equivalent
• 7+ years of work experience, within the financial services industry, with experience in risk reporting, risk management and/or data governance.
• Knowledge and exposure to US, EMEA and UK financial regulations including BCBS 239 and Basel III pertaining to risk data aggregation/reporting.
• Strong analytical and problem solving skills.
• Strong organizational skills with an interest in working in a fast-paced environment, often balancing multiple high priority deliverables.
• Ability to communicate effectively with a wide range of stakeholders, both written and verbal.
• Ability to work independently in a self-directed way in a collaborative environment.
• Attention to detail and ability to provide information in usable formats (proficiency in Microsoft office, including Excel, PowerPoint and Word).

Responsibilities

• Support execution of data initiatives and deliverables to ensure compliance with the Global Data Quality Policy and BCBS 239 requirements across FRM.
• Drive implementation of BCBS 239 framework to support adherence to evolving regulatory standards
• Partner with Risk Domains to identify, document, and maintain data ownership, data authorities, critical data elements, and associated data quality controls for prioritized data.
• Contribute to the development, enhancement, and maintenance of Risk Data policies and procedures, ensuring alignment with firmwide requirements.
• Coordinate with Subject Matter Experts to interpret and apply BCBS 239 requirements in a practical, operational, and regulatorily compliant manner.
• Support Technology dependent initiatives related to data governance, data quality, data lineage, and architecture, including business requirements and testing support.
• Identify, document, and manage data quality risks and issues, including development, execution, and tracking of remediation plans through closure.
• Prepare governance, reporting, and approval materials for senior management committees and forums.
• Support coordination, management, and preparation for internal and external examinations, including tracking and monitoring audit deliverables.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees