ORRC Associate

Morgan Stanley is a leading global financial services firm providing investment banking, securities, investment management, and wealth management services to corporations, governments, and individuals across more than 1,200 offices in 43 countries. The Firm’s success is driven by its people, shared values of integrity and excellence, and a strong team ethic that fosters professional growth while supporting balanced lifestyles.

Operations Supplier Risk Management (OSRM) is a key function within Operations Risk and Regulatory Controls (ORRC). The team is responsible for overseeing adherence to the Firm’s Third‑Party Risk Management Program (TPPM), ensuring supplier and vendor risks are identified, assessed, monitored, and managed within the Firm’s defined risk appetite. OSRM partners closely with stakeholders across Operations, Risk, Technology, and TPPM to maintain effective governance throughout the third‑party lifecycle.

• Drive implementation and ongoing adherence to the Third‑Party Risk Management Program by overseeing compliance with relevant policies, standards, and control requirements.
• Partner with Service Owners to ensure timely completion of third‑party lifecycle activities, including service validations, meeting minutes, risk assessments, risk acceptances, contingency and exit plans from onboarding through inactivation.
• Collaborate with Operations Risk Managers and Senior Risk Leads to communicate program changes, support implementations, and manage issue escalations as needed.
• Produce and analyze Key Risk Indicators (KRIs), Key Performance Indicators (KPIs), and management reporting for governance forums, including Working Groups and Steering Committees.
• Support program enhancements by partnering with TPPM, Change‑the‑Business (CTB), and Technology teams on system migrations, workflow automation (including QWEST), and other control or process improvements.

The ideal candidate will possess the following attributes:
Bachelor’s degree or equivalent professional experience Five or more years of experience within the Financial Services or Banking industry. Strong ability to assess existing processes, identify control gaps, and determine remediation actions to ensure policy and regulatory compliance Demonstrated Operations Risk mindset with strong analytical, problem‑solving, and critical‑thinking skills. High attention to detail with a consistent focus on quality, accuracy, and timely delivery.

Self‑starter with strong ownership, accountability, and ability to manage work independently Proven experience preparing and presenting risk metrics, including KRIs and KPIs, to senior management. Excellent written and verbal communication skills, with the ability to produce clear, concise materials for senior‑level audiences. Strong interpersonal and influencing skills, with demonstrated ability to engage effectively across all levels of the organization, including VPs, EDs, and MDs.

Ability to perform effectively under tight deadlines, manage competing priorities, and multitask in a dynamic environment. Experience partnering across functions and geographies to deliver shared outcomes. Demonstrated transformation mindset, with the ability to challenge existing processes, identify opportunities for simplification or automation, and support continuous improvement initiatives aligned to strategic objectives. Ability to partner with colleagues across functions and lead effectively across geographical boundaries.

Proficiency in Microsoft Office tools, including Excel, PowerPoint, and Power BI.

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