Risk Officer - Vice President

Morgan Stanley•Purchase, NY

About The Position

Morgan Stanley Wealth Management (MSWM) is seeking a Risk Officer - VP for its Business Control Unit (BCU) within the Wealth Management Platforms Risk organization. This role will provide overall risk support and coverage for WM Platforms, focusing on implementing and maintaining oversight and control infrastructure to ensure adherence to policies, procedures, and regulatory rules. The BCU is responsible for operational risk management, incident management, risk acceptances, Non-Financial Risk Assessment (NFRA), policy coordination, issue and action plan management, audit and compliance exam preparation, licensing and registration review, new product approval coordination, business continuity planning (BCP), and entitlements management. The role will partner with various business lines and control partners to manage risks and controls effectively.

Requirements

5+ years’ experience in risk management and/or related brokerage business processes within the financial industry.
Industry certification preferred (i.e. Series 3, 4, 7, 24 or 66), or related industry governance experience.
Knowledge of financial regulations (FFIEC, FED, OCC, FINRA) pertaining to Operational Risk preferred.
Bachelor’s degree or related financial industry experience preferred.
High level of professionalism, self-motivation, and a strong sense of urgency.
Ability to manage effectively and work closely with business leaders in a high pressure, fast paced, highly collaborative environment with multiple deadlines and competing priorities.
Solid business judgment and ability to understand and prioritize business obligations.
Excellence in spoken and written communication, execution, and ability to adapt to changing business conditions.
Strong analytical, problem-solving and project management skills.
Excellent teamwork and partnering skills.
Proficiency in Excel, Dashboard tools and PowerPoint.

Nice To Haves

Industry certification preferred (i.e. Series 3, 4, 7, 24 or 66)
Related industry governance experience
Knowledge of financial regulations (FFIEC, FED, OCC, FINRA) pertaining to Operational Risk
Bachelor’s degree or related financial industry experience

Responsibilities

Provide overall Risk support and coverage for WM Platforms.
Help implement and maintain oversight and control infrastructure to reasonably ensure that the line of business is operating within Policies and Procedures and adhering to applicable regulatory rules and standards.
Manage, coordinate and maintain Non-Financial Risk Assessment (NFRA) annual process, and ensure NFRA deliverables are execution is appropriate and timely.
Maintain, identify, and/or enhance business process risks and controls documentation.
Assist in identification of Management Self-Identified Issues (MSIs), and design & deliver appropriate Action Plans.
Assist with appropriate Incident remediation; conduct evaluation/assessments of business area to identify gaps in policies and procedures and recommend potential process and control improvements.
Partner with product/business owners as well as Legal, Risk and Compliance to help develop, document, and update policies and procedures.
Work with the Internal Audit / Compliance department and business leads through periodic assessments; help ensure delivery and understanding of materials / processes; analysis of issues, findings and deliverables to ensure they are appropriate.
Partner with product / business owners and Firm Resiliency department to help develop and maintain effective continuity plans.
Prepare presentations, metrics, reports and Key Risk Indicators (KRIs) to present informative data to the business and other relevant stakeholders.
Participate in the development and execution of a comprehensive entitlement and governance framework, as necessary, to ensure protection of, and justification for systems access.
Collaborate with control partners across areas including, but not limited to: WM Risk, Internal Audit, Legal, Compliance Privacy, Vendor Management, Chief Data Office, Fraud, Operations, Model Management, Technology Risk, and Generative AI Governance, as needed.
Partner with the businesses to maintain and document reviews and attestations related to: Vendor Management, Licensing & Registration, Tools/EUCs, Models, and Tools inventories per Firm guidelines.