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 43 countries.
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 ethic. 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.
MS Wealth Management (MSWM) Operational Risk
Morgan Stanley Wealth Management (MSWM) Operational Risk group is responsible for overseeing the operational risk and control framework within the Wealth Management business unit. This team partners with the Business Risk and Control groups throughout the organization to implement control processes and procedures, report operational losses and reporting, manage audits and exams with Compliance and Internal Audit, organize the annual Risk and Control Self-Assessment, and coordinate new operational risk programs in partnership with the business as well as Firm Operational Risk Management.
This role will provide broad exposure to all functions and business lines within Wealth Management. The main responsibilities of this role will be to focus on mitigating risk and improving the control environment within Wealth Management. The responsibilities of the role are a combination of business as usual processes as well as discrete projects that are strategic in nature.
Specific duties within the WM Operational risk team will include:
- Work closely with Business Control groups and the incident reporting team to ensure all required reporting components are effectively captured (i.e. taxonomy, impact type, complete description details, root cause, etc.)
- Ensure that risks identified as part of an incident review have been effectively evaluated and related control and residual risk ratings within the RCSA have been assessed
- Understand the root cause of incidents and confirm that steps to mitigate impact have been captured and tracked, appropriately
- Assist with evaluation of tactical and strategic remediation plans.
- Contribute to the performance of Lessons Learned reviews of processes, risks and controls residing within various product and business areas to ensure that controls are adequately designed and are operating effectively.
- Assist with regular incident metrics and analysis for Senior Management, which allows for visibility into incident volumes, distribution by WM divisions, and incident impacts. Identify and track thematic operational risk incidents
- Attain subject matter expertise with the Firm's incident reporting tool.
- Assist with training events related to changes to procedures, tools, new processes, etc.
- Execute on ad hoc projects by ensuring on time delivery and the proper level of quality
Required Qualifications
- 3+ years of Consulting, Risk management, and/or Audit experience.
- Advanced knowledge of Microsoft Office suite, emphasis on Excel and PowerPoint.
- Solid written and verbal communication skills, with the ability to work with senior stakeholders.
- Strong analytical skills. Must take a data and facts-based approach to problem solving.
- Bachelor's degree
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing and advancing individuals based on their skills and talents.
Posting Date
Apr 29, 2024
Primary Location
Non-Japan Asia-India-India-Mumbai (MSA)
Job
Wealth Management
Employment Type
Full Time
Job Level
Associate
