U.S. Banks Affiliate Risk Oversight Execution VP

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. banking subsidiaries, Morgan Stanley Bank, N.A. (“MSBNA”), Morgan Stanley Private Bank, National Association (“MSPBNA”), each, a “Bank” and 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. Banks from the Institutional Securities business segment primarily includes secured lending facilities and commercial real estate loans.

Lending activity recorded in the U.S. Banks 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 Vice President (VP) in Affiliate Risk Oversight (ARO) serves as a key member of 1L Operational Risk within U.S. Banks Business Risk and is responsible for supporting the U.S. Banks’ Internal Affiliate program. This role is responsible for identifying, measuring, monitoring, controlling, and reporting operational risks, while enabling consistent execution of risk management practices across the Banks. The VP will work closely with business owners to ensure accountability for risks created within their respective lines.

This role is vital for maintaining appropriate affiliate relationships and mitigating risk. The goal of this position is to strategically organize, lead and drive change to continue to educate and improve on the ARO structure and value. The program’s framework includes the following areas of responsibility:

Ensure key regulatory guidance and requirements, particularly Office of the Comptroller of the Currency (OCC) Bulletin on Third Party Relationships and Regulation W, are adhered to for U.S. Banks’ Affiliate Task Orders. Collaborate with stakeholders to facilitate the oversight the execution and performance of Bank Affiliate Task Orders—leading discussions with stakeholders in support of oversight of internal Affiliate lifecycle management, including agreement creation with appropriate process level descriptions, cost and service levels, periodic risk monitoring, and contract termination.

Complete ongoing affiliate SLA Criticality Assessments with stakeholders. Provide oversight and training to ensure adherence to the Banks’ Inter-Affiliate Management Policies and Procedures. Prepare and present results of monitoring assessments, identified risks and remediation progress, and escalation of issues to senior bank management. Support the execution of the First Line of Defense Oversight and monitoring program—identifying, measuring, and reporting emerging risks.

Drive Institutional risk related initiatives to ensure products are connected to firm-wide or Bank-wide programs, including being able to identify the need for technology and process changes within the products. Support execution across various Operational Risk frameworks in accordance with Firm and U.S.…