U.S. Banks Conduct Risk Associate
About The Position
Morgan Stanley ("MS") is a global financial services firm that conducts its business through three principal business segments-Institutional Securities, Global Wealth Management via Wealth Management (WM), and Asset Management. WM's network includes approximately 15,000 Financial Advisors with total client assets of over $1.5 trillion. WM provides comprehensive financial advice and services to its clients including brokerage, investment advisory, financial and wealth planning, credit and lending, deposits and cash management, annuities, retirement, and trust services. Morgan Stanley Private Bank, National Association ("Bank" or "MSPBNA") provides deposit and lending products and services to serve the needs of Wealth Management clients and seeks a Conduct Risk Associate as part of the Bank's First Line Operational Risk Organization. The Conduct Risk Associate will perform day-to-day oversight to identify and monitor for potential conduct risk activity. We do that by creating, owning, and enhancing a suite of risk reports and tools to be used by Bank Management and Bank Conduct & Compliance Risk. The Conduct Risk Associate will report to the Bank's Conduct Risk Officer and will be based in Purchase, NY.
Requirements
- Bachelor's Degree or higher
- 3+ years of experience in audit, business management, legal/compliance, banking and lending product risk advisory, internal audit, or operational risk management
- Strong understanding of operational risk within the Financial Services industry (e.g. Private Banking, Retail Banking, Investment Banking and/or Wealth Management)
- Knowledge of lending and deposit product risks including risks related to residential mortgages, securities-based lending, and deposits
- Strong organization skills with the ability to multitask and prioritize; ability to work under pressure and to tight deadlines
- Strong analytical and problem-solving skills (critical thinking ability)
- Excellent written and verbal communications skills
- Detail-oriented and accurate
- Ability to work in a team environment, build and maintain a network of contacts and coordinate with a large number of stakeholders across the Bank and Firm
- Proficiency in MS Office applications (e.g., Word, Excel, PowerPoint, SharePoint)
Responsibilities
- Conduct daily surveillance of Bank Home Office employees and provide employee education for identified policy violations
- Conduct daily and periodic monitoring activities and maintain accurate metrics and reporting
- Prepare and summarize results of offsite monitoring for reporting to Senior Management
- Monitor and report metrics on Conduct Risk related activities for the Bank's First Line Operational Risk Organization
- Assist with review of outside activities and private investment transactions submitted by Morgan Stanley employees to ensure the activity/investment do not result in actual or perceived conflicts of interest
- Support various Bank Conduct Risk initiatives, proactively identifying risks and ensuring appropriate supervision
- Manage projects as needed and assigned; deliveries are often related to ad-hoc requests so a successful candidate must be able to work in an environment with evolving priorities, making sound decisions about prioritization
- Collaborate and build effective working relationships with colleagues in Business Units, second and third-line control functions (Legal, Compliance, and Audit) on an ongoing basis
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Industry
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
Number of Employees
5,001-10,000 employees
