VP, Digital Assets Operational Risk

Morgan Stanley•Dallas, TX

1d•$110,000 - $162,500•Hybrid

About The Position

Morgan Stanley is seeking a Vice President to join the Wealth Management (WM) Operational Risk team. This role will partner with the Wealth Management business and related control groups (e.g., Technology, Operations) to serve as the 2nd Line subject matter expert for digital asset related operational risk matters. In the Legal & Compliance division, this position will assist the Firm in achieving its business objectives by facilitating and overseeing the Firm's management of legal, regulatory and franchise risk. This is a Vice President level position within the GFC Institutional Securities Group (ISG) Coverage for Sales & Trading and will be based in New York and report directly to the Head of GFC ISG Coverage for Sales and Trading.

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