VP, Digital Assets Operational Risk
About The Position
Morgan Stanley is a leading global financial services firm. The Legal and Compliance Division (LCD) provides a wide range of services to business units, including Legal, Regulatory Relations, and Non-Financial Risk departments. LCD aims to preserve the firm's reputation for integrity and protect it from sanctions by adhering to global regulatory requirements and maintaining cooperative relationships with governmental policy makers and regulatory agencies. This role is for a Vice President within the Wealth Management (WM) Operational Risk team, serving as a 2nd Line subject matter expert for digital asset related operational risk matters. The position will partner with the Wealth Management business and related control groups such as Technology, Operations, Compliance, Global Financial Crimes, and testing teams to ensure an integrated 2nd Line risk approach to digital asset risks. The role involves reviewing and approving new digital asset products, services, and activities, advising on process and control design, overseeing and monitoring losses, assessing operational risk impacts, performing risk assessments and deep dives, and collaborating within a global team to identify, assess, report, and capture operational risk information. The goal is to ensure that operational risks are well-known and understood, driving a 'no surprises' approach.
Requirements
- 5+ years of work experience in blockchain and digital asset activities, preferably including experience in a bank, broker-dealer, Virtual Asset Service Provider (VASP), or Crypto Asset Service Provider (CASP)
- Strong understanding of blockchain and other Web3 activities including crypto trading, wallet infrastructure, asset tokenization, custody, and digital identity, as well as associated rules and regulations
- Understanding of key / shard cryptographic controls including HSMs, MPC, DKG, m-of-n signing, time-locked transactions, and encryption standards
- Knowledge of operational risk management concepts (e.g., RCSA/NFRA, Issues identification and remediation, operational loss events)
- Self-starter with the ability to independently formulate and execute new ideas, and to critically evaluate risks
- Strong communication and organization skills with the ability to multitask and prioritize; ability to work under pressure and tight deadlines
- Demonstrated ability to collaborate across multiple functional areas while maintaining suitable independence and effective challenge
- Bachelor's degree or equivalent required
Responsibilities
- Liaise with 2nd Line centralized risk teams (e.g., Fraud, Cybersecurity, Technology, Information Security, Third Party), Compliance, Global Financial Crimes and testing teams to ensure an integrated 2nd Line risk approach to digital asset risks
- Play an active role in the review and approval of new digital asset products, services, and activities, and participate in relevant committees and working groups
- Advise on digital asset related process and control design as well as remediation efforts; oversee and monitor losses and impacts related to WM's digital asset business
- Assess operational risk impacts of the digital asset business via non-financial risk assessments, incident reporting, capital requirements, etc.
- Perform Deep Dives, Targeted Risk Assessments, and Lessons Learned exercises on material operational risk events (internal and external) and analyses of thematic operational risks
- Work collaboratively in a high performing global team responsible for identifying, assessing, reporting, and capturing operational risk information
- Drive a no surprises approach in ensuring that operational risks are well known and understood
Benefits
- Morgan Stanley sponsored benefit programs
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
Manager
