Assistant Vice President First Line Of Defense Business Control Unit

Morgan Stanley ("MS") is a global financial services firm that conducts its business through three principal business segments-Institutional Securities, Wealth Management (WM), and Asset Management. WM's network includes approximately 15,000 Financial Advisors with total client assets of over $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.

Morgan Stanley Private Bank, National Association ("MSPBNA") provides cash management and lending products and services to serve the needs of WM clients. The US Banks seeks an Assistant Vice President to join the First Line of Defense MSPBNA Lending Business Control Unit (BCU). The candidate will support the operational risk program for lending products including Securities Based Lending, Tailored Lending, Private Share Lending and Residential Mortgage.

The BCU Assistant Vice President will report to the MSPBNA Lending Business Control Unit, Vice President, and will be based in New York.

The Business Control Unit Assistant Vice President will:

Risk Oversight Responsibilities:

• Support the BCU to identify, measure, monitor, control, and report on operational risks within the Bank's lending businesses

• Perform tasks associated with Risk and Control Self-Assessment ("RCSA"), including:

• Evaluating and documenting risks, impacts and mitigating controls within the Lending Business Processes

• Engaging with business partners in the execution of the RCSA

• Support in responding to requests and remediation of findings/observations related to control testing

• Support with issue and incident identification, documentation, and closure for assurance of effective remediation related to control breaks. Includes tracking progress and status reporting

• Create and manage business process flows for lending business processes

• Participate in Business Continuity Management for the lending businesses

• Support a centrally documented model for quality review processes

• Assist in compiling and reviewing business risk assessments by partnering with risk owners

• Assist in the creation, maintenance, and monthly reporting of metrics, including analysis of existing metrics and development of new metrics to monitor key risk and performance indicators

• Support with internal and external exams

• Support new product development activities to identify risks and controls

Reporting Responsibilities:

• Create and maintain consolidated reporting for management and committee reporting related to the Lending risk framework, including ad hoc reporting as needed

• Provide Issues and Incidents reporting for Lending at both the business unit level and a consolidated level

• Support in the development, review, and maintenance of procedures for Lending as needed

• Produce PowerPoint slides for ad hoc status reporting and for monthly risk meetings

• Produce Excel reporting and perform data analysis as needed

Preferred Experience:

• 5+ years of Risk Management or Financial Product Management experience

• Lending product knowledge (preferred)

• Private Bank experience (a plus)

• Experience in the execution of RCSA, or similar operational risk management framework

• Experience in risk assessments and exams - Regulator, Internal Audit, Operational Risk and Compliance

• Experience in creation of process flows in Visio or Power Point

• Experience in evaluating processes to identify risks and in designing and evaluating mitigating controls

• Experience working with cross-functional teams

• Must have excellent teamwork orientation and the ability to work independently in a fast-moving environment

• Strong Computer skills a must; familiar with how to navigate SharePoint and a Microsoft Windows environment and have a strong knowledge of Microsoft Office applications

• College degree required, advanced degree a plus

Skills:

• Ability to build and maintain strong relationships with business users and risk partners

• Ability to create clear and concise communications using strong analytical and writing skills

• Ability to create executive summaries and presentations for business users or senior management

• Strong proficiency in Excel with VLOOKUP's, Charts, graphs and data analytics

• Strong proficiency in PowerPoint presentations

• Attention to detail and investigative problem-solving abilities

• Ability to influence decision-making and improve risk management behaviors with business stakeholders

• Confident, proactive, and independent self-starter

• Proven track record to work across organizational boundaries

• Ability to influence consensus across teams

• Adept at working in a fast-paced, high-energy environment

• Strong analytical capabilities and problem solving

• Strong organizational skills

• Ability to plan and prioritize for deadlines

• Ability to multi-task and work under tight timelines

• Solid follow-up and follow through

• Excellent attention to detail

• Ability to effectively navigate the systems/tools for RCSA, Risk Incidents and Issues Management

Expected base pay rates for the role will be between $80,000 and $125,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

• Expanded legislation requires that roles that sit in other state locations, but report to a manager in NY, must have the above language included in postings with the pay scale reflective appropriately to the location where the role will be sitting.

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).