US Banks Business Control Unit; BCU Officer Bank Deposits Risk Coverage Vice President

Position: US Banks Business Control Unit (BCU) Officer Bank Deposits Risk Coverage Vice President
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 a Vice President (VP) to join the First Line Business Risk team to provide risk oversight for the U.S. Banks Deposits and Cash Management (DCM) business unit. The VP will lead and mature the dedicated Business Risk coverage of Bank Deposit products - i.e. BDP Sweeps, Savings, and Term Deposits, and partner with embedded risk teams and key stakeholders to drive consistent monitoring and escalation across core risk frameworks (e.g., Issues/Action Plans, Operational Risk Incidents, Metrics, Reporting, Risk Assessments).

The individual will work with management, the U.S. Bank businesses, and Risk partners to execute key initiatives and projects while ensuring compliance with U.S. Banks risk management policies and procedures.

The VP U.S. Banks Business Control Unit Officer will be responsible for the following:

Job Responsibilities:

* Execute First Line of Defense (FLOD) oversight across deposit products (Sweeps, Savings, Certificates of Deposit, Term Deposits), ensuring risks are identified, assessed, monitored, and reported.

* Lead execution of core Bank risk frameworks including RCSA/NFRA, issue and incident management, and control effectiveness monitoring, maintaining accurate documentation in firm systems (e.g., iNFRA, Open Pages).

* Partner with stakeholders across all three lines of defense (BU, Operations, Technology, Compliance, 2

LOD and Internal Audit) to ensure proactive, consistent, and effective risk management practices.

* Support new products and change governance (NPA/SMA), ensuring appropriate risk and control coverage. Identify, measure, monitor, and report current and emerging risks, maintaining a robust control environment aligned to regulatory expectations.

* Support operational risk incident and issue management, including identification, tracking, and ensuring timely remediation with clearly defined action plans, owners, and due dates.

* Attend management meetings and governance forums to monitor operational risk across products and services, providing insights and credible challenge.

* Confirm effective management information systems (MIS) and KPI/KRI metrics are in place to identify, monitor, and escalate risks across deposit products.

* Implement and maintain…