AVP US Banks Business Risk Shared Services Coverage

Morgan Stanley is a global financial services firm that maintains significant market positions in each of its business segments- Institutional Securities, Wealth Management, and Investment Management. Morgan Stanley, through its subsidiaries and affiliates, provides a wide variety of products and services to a large and diversified group of clients and customers, including corporations, governments, financial institutions, and individuals. Institutional Securities provides a variety of products and services to corporations, governments, financial institutions, and ultra-high net worth clients. Wealth Management provides a comprehensive array of financial services and solutions to individual investors and small to medium-sized businesses and institutions covering: financial advisor-led brokerage and investment advisory services; self-directed brokerage services; financial and wealth planning services; workplace services including stock plan administration; annuity and insurance products; securities-based lending, residential real estate loans and other lending products; banking; and retirement plan services.

Our U.S. bank subsidiaries, Morgan Stanley Bank N.A. ("MSBNA"), Morgan Stanley Private Bank, National Association ("MSPBNA"), collectively, ("the U.S. Banks") accept deposits, provide loans to a variety of customers, including large corporate and institutional clients as well as high to ultra-high net worth individuals, and invest in securities. Lending activity recorded in the U.S. Bank Subsidiaries from the Institutional Securities business segment primarily includes Secured lending facilities and Commercial real estate loans. Lending activity recorded in the U.S. Bank Subsidiaries from the Wealth Management business segment primarily includes Securities-based lending, which allows clients to borrow money against the value of qualifying securities, and Residential real estate loans.

The U.S. Bank Subsidiaries seek an Assistant Vice President (AVP) to join the First Line Business Risk team to provide risk oversight for the U.S. Banks Shared Services team supporting Technology. This team is one of the teams that comprise the Business Risk Management organization. He or she will be responsible for aiding the Vice President (VP) and Executive Director (ED) of the team as they continue to build out a Dedicated Business Risk Coverage team for Bank Technology and supporting the oversight of Technology Vendor Management. This team is responsible for establishing risk management coverage model of working with the various key stakeholders across the U.S. Banks' embedded risk teams ensuring continuous and consistent monitoring and escalation of the various risk frameworks (e.g., Vendor Mgmt, Issues/Action Plans, Operational Risk Incidents, Metrics, Reporting, Risk Assessments). In addition, he or she will be responsible for aiding in the build out of the First Line risk coverage for the Bank Business Risk organization. The individual will work with management and risk partners covering various Bank risk management oversight responsibilities as well as aiding in execution of key initiatives and projects while ensure compliance with U.S. Banks risk management policies and procedures.

The AVP U.S. Banks First Line Business Risk Officer will be responsible for the following:

• Aid in ensuring the Business Risk Program includes elements to identify measure, monitor, control, and report on the current and emerging risks and mitigating control environment in accordance with regulatory requirements and guidelines

• Actively support in the development, implementation, training, refinement and sustainability of a vendor risk governance framework

• Assist the VP in advising Business Units and other stakeholders in their due diligence assessments and activate the relevant downstream subject matter experts to assess risk mitigation

• Support U.S. Banks Shared Services functions with both internal (Internal Audit) and external (Regulatory) exams impacting those respective areas. This includes, but is not limited to, review of requested documentation prior to submission, and inclusion in exam meetings with stakeholders (i.e., process and control walk throughs, issue identification, etc.).

• Monitor vendor risk on a continuous basis and produce reporting, metrics and escalate elevated risk

• Assist with day-to-day support for the Bank's direct and indirect vendors, including the vendor lifecycle from on-boarding, contract reviews, periodic monitoring, risk assessments, expense management and termination

• Ensure appropriate governance of policies and procedures, and the US Bank's framework adherence to key Office of the Comptroller of the Currency (OCC) and FFIEC regulatory requirements

• Collaborate with stakeholders and across all three lines of defense to confirm comprehensive and consistent practices are followed to allow for a successful oversight program that proactively manages and assesses operational risk

• Forge relationships across the Bank, cross-divisions, including Information Technology, Legal & Compliance, Operations, Finance, etc.

• • Support the Bank's execution of key projects and initiatives, including process, risk, and control identification and assessments, risk remediation, and operational readiness

• Aid in the implementation of sound risk management practices in support of the Banks Operational Risk frameworks, including Risk and Control Assessments (RCSA), Operational Risk Incident Management, Issues and Actions Management

Required Experience:

• Bachelor's degree in Business Management or Finance or other related field

• Minimum of 5 years of relevant experience in risk management experience in financial services industry; preferably in a highly regulated environment. Experience in operations, finance, compliance, or audit is a plus. Familiarity with Information Technology risks in general and Cloud technologies specifically (SaaS, PaaS, IaaS, Public & Private Cloud)

• Risk Management Certifications preferred (e.g., CRCM, CERP, CRISC, FRM)

• Project Management expertise is a plus.

• Experience interacting with regulators a plus.

Required Skills:

• Demonstrate an understanding of various risk management frameworks and requirements

• Strong sense of ownership, accountability, and entrepreneurial spirit

• Strong project management, organization, communication, and analytical skills

• Ability to manage ambiguity and bring focus with recommendations on solving tactical and strategic challenges

• Ability to work in a fast-paced environment, both independently and as part of a team, and under strict deadlines and with the ability to manage multiple priorities concurrently, efficiently, and effectively.

• Strong at identifying key control points within a process, and then provide assessment of the preventative and detective controls

• Strong interpersonal skills - freely develops networks, builds consensus, prioritizes effectively, and develops alliances across organizations

• Excellent verbal and written communication skills, presentation skills and the ability to influence and interact with senior members of the Bank.

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).