Business Risk Associate

Morgan Stanley Wealth Management provides a range of wealth management products and services for affluent individuals, businesses and institutions. These services include brokerage and investment advisory, financial and wealth planning, credit and lending, cash management, annuities and insurance, retirement and trust.

Consulting Group (CG) is the retail investment advisory arm of Morgan Stanley Wealth Management with a long standing tradition of serving clients, from the individual investor to larger institutions, providing each with investment consulting advice and services. CG leverages global resources from across the firm to provide access to advice and investment manager research.

Department Summary

The CG Business Risk group provides guidance and leadership on risk controls & control substantiation, and drives the Risk and Supervision framework for the retail advisory business of Morgan Stanley Wealth Management.

Position Summary

• · Provide oversight and supervision for various CG programs and related businesses, including performing periodic reviews as outlined in control procedures and communicating and escalating findings, trends and issues to the appropriate business groups and CG Business Risk Management
• · Perform risk oversight functions across CG such as test account management, business continuity plans, and documentation of controls and risks
• · Review and maintain policies and procedures
• · Assist in oversight for advisory fee billing and trade errors
• · Establish a sound understanding of the CG business in order to partner and support initiatives related to risk management and mitigation
• · Help identify, assess, document, and mitigate new business risks
• · Prepare metrics and reporting around the oversight reviews and tasks handled within CG Business Risk
• · Analyze large sets of data and present findings to the team, Business, and Senior Management

Skills/Abilities

• · Undergraduate degree in business, finance, accounting or other related fields
• · Understanding of Compliance and Audit practices preferred
• · Business Process and control environment experience preferred
• · Risk Management experience preferred
• · Strong work ethic, attention to detail, and organizational skills
• · Effective time and project management skills to ensure tasks are completed accurately and timely
• · Self-starter, high energy and motivated to tackle complex risk issues
• · Strong working knowledge of MS Office - particularly Excel and PowerPoint
• · Ability to work independently, promote teamwork and execute sound reasoning and judgment
• · Excellent oral and written communication skills - able to clearly and effectively present to all levels including Senior Management
• · Ability to form relationships and build a network throughout the organization
• · Positive attitude - capable of working well under pressure, solicit and incorporate feedback while delivering on high priority, time sensitive initiatives
• · Willing to obtain a working knowledge of investment and operational risk policies, procedures, and practices
• · Demonstrate an understanding of the financial services industry, investment advisory products etc.

Expected base pay rates for the role will be between $57,000 and $110,000 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.

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).