U.S. Banks Affiliate Risk Oversight Execution Assistant Vice President

Morgan Stanley•Harrison, NY

17d•$85,000 - $140,000•Hybrid

About The Position

Ensure key regulatory guidance and requirements, particularly Office of the Comptroller of the Currency (OCC) Bulletin on Third Party Relationships and Regulation W, are adhered to for U.S. Banks' Affiliate Task Orders Provide oversight and training to ensure adherence to the Banks' Inter-Affiliate Management Policies and Procedures Prepare and present results of monitoring assessments, identified risks and remediation progress, and escalation of issues to senior bank management Support the execution of the First Line of Defense Oversight and monitoring program—identifying, measuring, and reporting emerging risks Drive Institutional risk related initiatives to ensure products are connected to firm-wide or Bank-wide programs, including being able to identify the need for technology and process changes within the products. Support execution across various Operational Risk frameworks in accordance with Firm and U.S. Bank requirements, including: Issue and incident management, Risk and Control Self-Assessment (RCSA), Control validation, Risk assessments and metrics, Exam and audit support Perform and oversee tasks related to Risk Control Self Assessments (RCSA), including evaluating risks, impacts, and mitigating controls, engaging with business partners, and documenting results Support U.S. Banks Institutional Businesses during internal and external audits, including document reviews and participation in exam meetings Collaborate with Risk partners (Legal, Compliance, Central Business Risk, 2nd Line Risk Groups) to resolve issues and obtain guidance Manage the production of management reporting materials and prepare for monthly risk meetings Perform data analysis and produce Excel reporting as needed We do it in a way that's differentiated - and we've done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work. To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser. Expected base pay rates for the role will be between $85,000 and $140,000 per year at the commencement of employment. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees. It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Requirements

Minimum 5+ years of professional experience in financial services; operational risk, enterprise risk management, finance, compliance or audit
Bachelor's degree in Finance or Accounting or a related discipline.
Proven experience in operational risk management within financial services.
Strong understanding of regulatory frameworks and risk governance.
Experience with risk assessments and exams (Regulator, Internal Audit, Operational Risk, and Compliance).
Understanding of RCSA or similar operational risk management frameworks.
Experience working with cross-functional teams.
This is a hybrid role and requires work from the office 4 days per week.
Ability to demonstrate experience with Institutional financial products, inclusive of derivatives
Strong knowledge of banking risk, regulatory and/or compliance rules and regulations
Strong interpersonal, verbal and written communication skills; capable of clear and concise writing, making presentations to an internal audience and interacting with upper Management, colleagues and clients
Proven track record of working across organizational boundaries and having the ability to work in a matrixed organization; leveraging resources across the organization to complete deliverables
Proficient in creating PowerPoint presentations and performing Excel data analysis
Familiarity with Microsoft Office software
Strong project management, execution, and reporting skills
Confident, proactive, and independent self-starter
Strong organizational skills and ability to prioritize tasks
Ability to work in fast paced, high-demand environment, both independently and as part of team
Consistent attention to detail with strong analytical, quantitative, and investigative problem-solving abilities

Nice To Haves

Banking experience is preferred

Responsibilities

Ensure key regulatory guidance and requirements, particularly Office of the Comptroller of the Currency (OCC) Bulletin on Third Party Relationships and Regulation W, are adhered to for U.S. Banks' Affiliate Task Orders
Provide oversight and training to ensure adherence to the Banks' Inter-Affiliate Management Policies and Procedures
Prepare and present results of monitoring assessments, identified risks and remediation progress, and escalation of issues to senior bank management
Support the execution of the First Line of Defense Oversight and monitoring program—identifying, measuring, and reporting emerging risks
Drive Institutional risk related initiatives to ensure products are connected to firm-wide or Bank-wide programs, including being able to identify the need for technology and process changes within the products.
Support execution across various Operational Risk frameworks in accordance with Firm and U.S. Bank requirements, including: Issue and incident management, Risk and Control Self-Assessment (RCSA), Control validation, Risk assessments and metrics, Exam and audit support
Perform and oversee tasks related to Risk Control Self Assessments (RCSA), including evaluating risks, impacts, and mitigating controls, engaging with business partners, and documenting results
Support U.S. Banks Institutional Businesses during internal and external audits, including document reviews and participation in exam meetings
Collaborate with Risk partners (Legal, Compliance, Central Business Risk, 2nd Line Risk Groups) to resolve issues and obtain guidance
Manage the production of management reporting materials and prepare for monthly risk meetings
Perform data analysis and produce Excel reporting as needed