US Banks First Line Risk - Regulatory & Audit Oversight Officer Vice President

Morgan Stanley•New York, NY

19d

About The Position

Morgan Stanley (“MS”) is a global financial services firm that conducts its business through three principal business segments: Institutional Securities Group (“ISG”), 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, insurance, retirement and trust services. The US Banks - Morgan Stanley Private Bank, National Association (“MSPBNA”) and Morgan Stanley Bank, N.A. (“MSBNA”) - provide cash management and lending products and services to serve the needs of WM & ISG clients and seeks a Vice President (“VP”) as part of the US Banks First Line Risk team. The VP will report to the Head of the US Banks Regulatory and Audit Oversight and will be responsible for supporting the Regulatory and Audit Oversight program. The role will be based in New York, New York. This individual will be responsible for supporting the 1LOD regulatory risk and audit oversight programs. Regulatory Oversight and Support Partner with Regulatory Relations and management to coordinate the exam process for the two US Banks. Complement the Regulatory Relations program without duplication Ensure the Banks are adequately prepared for upcoming meetings and exams. Manage the development, implementation and execution strategy of the 1LOD Risk regulatory examination process. Collaborate with stakeholders to confirm comprehensive and consistent practices are followed to allow for successful execution of exams. Ensure First Day Letter, inquires and requests are responded to in a timely manner by management. MRA Remediation Ensure the Head of Business Risk is informed of regulatory matters. Confirm thorough action plans are created to mitigate risk identified with owners and due dates. Monitor remedial activity to ensure that issues and action plans are completed in a timely manner and meet the spirit and letter of regulatory expectations. Manage tracking and deliverable status of issues and action plans to ensure deadlines are met. Proactively work with management to prevent delays with remediation. Confirm 1LOD testing is performed to demonstrate enhancements are working as designed and expected. Internal Audit Coordination Support the relationship with Internal Audit, manage the affiliate agreement and confirm services provided are satisfactory. Partner with Internal Audit to coordinate the Internal Audit process for two US Banks. Manage the development, implementation and execution strategy of the internal audit oversight process. Collaborate with stakeholders to confirm comprehensive and consistent practices are followed to allow for successful execution of internal audits. Ensure audit requests and inquiries are responded to in a timely manner by management. Governance Confirm adequate governance for regulatory and audit programs. Prepare corporate governance risk reporting. Ensure policies and procedures are comprehensive. Other duties as assigned Limited Travel

Requirements

5+ years of professional experience in financial services with focus on regulatory compliance, regulatory relations at or interacting with U.S. financial regulators, or experience in audit or risk
Bachelor’s Degree
Ability to work in a fast-paced, high-demand environment, both independently and as part of a team, under tight deadlines and with the ability to manage multiple priorities concurrently, efficiently and effectively.
Attention to detail, strong analytical, quantitative, and investigative problem-solving abilities.
Strong interpersonal, verbal, and written communication skills; capable of making presentations to an internal audience, and interacting positively with senior management, colleagues and clients.
Strong project management and reporting skills.
Proficient with Microsoft PowerPoint and Excel.

Nice To Haves

Juris Doctorate a plus

Responsibilities

Partner with Regulatory Relations and management to coordinate the exam process for the two US Banks. Complement the Regulatory Relations program without duplication
Ensure the Banks are adequately prepared for upcoming meetings and exams.
Manage the development, implementation and execution strategy of the 1LOD Risk regulatory examination process.
Collaborate with stakeholders to confirm comprehensive and consistent practices are followed to allow for successful execution of exams.
Ensure First Day Letter, inquires and requests are responded to in a timely manner by management.
Ensure the Head of Business Risk is informed of regulatory matters.
Confirm thorough action plans are created to mitigate risk identified with owners and due dates.
Monitor remedial activity to ensure that issues and action plans are completed in a timely manner and meet the spirit and letter of regulatory expectations.
Manage tracking and deliverable status of issues and action plans to ensure deadlines are met.
Proactively work with management to prevent delays with remediation.
Confirm 1LOD testing is performed to demonstrate enhancements are working as designed and expected.
Support the relationship with Internal Audit, manage the affiliate agreement and confirm services provided are satisfactory.
Partner with Internal Audit to coordinate the Internal Audit process for two US Banks.
Manage the development, implementation and execution strategy of the internal audit oversight process.
Collaborate with stakeholders to confirm comprehensive and consistent practices are followed to allow for successful execution of internal audits.
Ensure audit requests and inquiries are responded to in a timely manner by management.
Confirm adequate governance for regulatory and audit programs.
Prepare corporate governance risk reporting.
Ensure policies and procedures are comprehensive.
Other duties as assigned