FID, Business Control Unit - Credit Complex - Vice President

Morgan Stanley•New York, NY

About The Position

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, and individuals from more than 1,200 offices in 41 countries. From the largest global institutions to innovative new hedge funds, investors come to Morgan Stanley for sales, trading, and market-making services in almost every type of financial instruments including stocks, bonds, derivatives, foreign exchange, and commodities. Our professionals provide liquidity and content to clients around the world, actively assessing and managing risk, trading securities, and planning and executing transactions in the fast-changing markets. As the needs of our clients become increasingly complex, we often develop customized solutions. As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethics. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture. Department Profile The Fixed Income Division is comprised of Credit Products, Commodities, Interest Rate and Foreign Exchange Products and Distribution. Professionals in the Division assess and actively manage risk, trade securities, and structure as well as execute innovative transactions in fast-paced and constantly changing global markets. The Fixed Income Division is a market leader across a broad range of markets, with expertise in areas including client risk management, financing solutions and investor products Sales & Trading. From the largest global institutions to innovative new hedge funds, investors come to Morgan Stanley for sales, trading, and market-making services in almost every type of financial instruments including stocks, bonds, derivatives, foreign exchange, and commodities. Our professionals provide liquidity and content to clients around the world, actively assessing and managing risk, trading securities, and planning and executing transactions in the fast-changing markets. As the needs of our clients become increasingly complex, we often develop customized solutions. Position Description The available position is a Vice President within the Business Control Unit, specifically within the Fixed Income Division and focused on Credit Products, including Municipal Securities and Structured Products Group (“SPG”). The Business Control Unit within FID supports the Division by managing operational, regulatory and franchise risk through a comprehensive framework of policy setting, risk identification and control implementation in response to market, counterparty, regulatory, economic and other factors. The individual will be required to work with various groups within the Credit Complex businesses, such as Investment Bankers, Sales and Trading, COOs and senior management, as well as other areas of the broader Firm including Legal, Compliance, Technology, Operations, Finance and Audit. The individual will be responsible for supporting the implementation and execution of largescale processes and projects designed to identify and mitigate regulatory and/or operational risks across the Credit businesses.

Requirements

Bachelor’s degree with strong academic performance and/or 5+ years of relevant professional experience in Financial Services or related field
Good understanding of Franchise Risk, such as identifying, analyzing, and prioritizing regulatory and legal findings
Good knowledge of FSL and collateralized loan products businesses
Self-starter with a positive outlook and desire to solve problems
Strong analytical skills with an ability to understand complex workflows
Proven ability to take ideas forward and to challenge others with integrity and maturity
Ability to handle multiple tasks in a timely and effective manner and thrive in a fast-paced environment that lends itself to changing priorities and quick turnaround
Strong communication skills with demonstrated ability to communicate effectively verbally and in writing
Ability to work collaboratively on group projects and independently on individual assignments
Strong project management skills
Exceptional organizational skills and a high degree of attention to detail
Proficiency with Excel and other Microsoft applications such as Word and PowerPoint

Responsibilities

Establishing relationships and working closely with Credit Complex businesses and Product COOs, Legal, Compliance, Technology, Operations, Operational Risk Department and other control groups
Coordinating the review of new, complex and/or bespoke trade structures
Coordinating the New Product Approval process
Operational risk incident collection and reporting
Developing and designing new controls & processes within the first line of defense, in collaboration with second line risk groups
Ensuring a standardized and consistent approach for the Division to adhere to risk management policies and procedures
Representing FID in Firm-wide working groups and governance forums to assess how different initiatives impact the Credit and FSL businesses.
Drafting or reviewing presentation material for consumption by senior management and/or regulators
Engagement related to internal controls programs
Involvement in various risk management projects
Assisting with the coordination of regulatory exams and inquiries, Internal Audit, and business reviews