Vice President, Risk​/Policy Management

Overview

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment, 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.

In the Firm Risk Management division, we advise businesses across the Firm on risk mitigation strategies, develop tools to analyze and monitor risks and lead key regulatory initiatives.

What you’ll do in the role:

Morgan Stanley Services Group Inc. seeks a Vice President, Risk / Policy Management in New York, NY to perform independent validations of selected firm risk management processes and controls, including those relating to regulatory and Basel requirements. Maintain the Risk Process Validation Group Validation Inventory; design the validation program, annual plan and reassess the risk-based prioritization approach. Plan, document, and report the validations and continuous monitoring activities (e.g., risk assessments).

Provide review and challenge to all phases of the individual validations; own issue assessment and socialization, finalize validation memo, review and sign off the validation documentation. Present validation plans, issues and observations to senior management and relevant management committees. Evolve and enhance the team’s validation methodology and execution capabilities. Engage with key stakeholders, governing bodies, and business partners to review status of validation work, results of test work, and quarterly reporting.

Partner with other independent validation teams within Model Risk Management as well as with Regulatory Reporting Quality Assurance (RRQA) to support a unified end-to-end validation program. Drive the process automation and advanced data analytics initiatives to enhance validation efficiency. Telecommuting permitted up to 2 day per week.

What you’ll bring to the role:

• Requires a Bachelor’s in Economics, Finance, or a related field
• Requires five (5) years of experience in the position offered or five (5) years as a/an Associate, Analyst, Internal Auditor, Risk Manager, Control Officer, or a related occupation in risk management internal or external audit
• Requires five (5) years of experience with the following skills:
• process and data validation;
• data visualization and data analytics;
• the banking regulatory environment, including with Bank of International Settlements (BIS) principles in Basel III, BCBS 239, FRTB;
• capital planning requirements and practices from FRB including CCAR, DFAST, OCC, ECB, PRA;
• core banking, investment and trading products;
• banking regulations: FRB SR 11-07, SR 12-17, SR 14-08, SR 15-18, PRA SS1/23, EBA CRD/CRR, ECB Guide to ICAAP;
• data lineage and database schema;
• working with large data sets, data warehouse, and data lake;
• IT general controls and business analysis.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries.

At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry.

There’s also ample opportunity to move about the business for those who show passion and grit in their work.

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