Associate, Third Party Risk Management

Morgan-Stanley; Dallas (TX); On-site; USD 110,000 - 150,000; Full time

Job summary

Morgan Stanley in Dallas is seeking a Senior Non-Financial Risk professional to oversee Third Party and BDR risk in a 2LoD function within Legal and Compliance.

You will perform risk assessments, review incidents, governance materials, and collaborate globally with first line and control partners to ensure effective challenge and oversight. Strong analytical, program management, and communication skills to senior leadership are essential.

Qualifications

• Undergraduate degree in risk management or related field.
• 5–7 years in financial services risk management with oversight exp.
• Understanding of Third Party and BDR regulations and frameworks.
• Program or project management skills with strong communication to senior management.
• Experience in oversight, regulatory exams, or audits.
• Ability to collaborate globally while maintaining independence and challenge.

Responsibilities

• Execute Second Line non-financial risk oversight activities for Third Party and BDR risks.
• Perform risk assessments and review control outcomes, incidents, remediation plans.
• Support governance materials, action tracking and escalation summaries.
• Collaborate with first and second line colleagues to ensure proper risk identification and management.
• Engage in targeted reviews and thematic analyses for risk oversight.

Skills

Risk management

Regulatory knowledge

Analytical skills

Communication to senior management

Project management

Global collaboration

Education

Bachelor's degree in related field or risk management

Tools

Microsoft Word

Microsoft Excel

Microsoft PowerPoint

Job description

Background on the PositionThe role will focus on Third Party and Business Disruption & Resilience (BDR) operational risk management and resides within Legal and Compliance's Non-Financial Risk (NFR) department, a Second Line of Defense (2LoD) function. Operational risk refers to the risk of financial or other loss, or potential damage to a firm's reputation, resulting from inadequate or failed internal processes, people, or systems or from external events. The Firm may incur operational risk across the full scope of its business activities, including revenue-generating activities (e.g., sales and trading) and control groups (e.g., information technology and trade processing).The successful candidate will be responsible for supporting independent oversight, analysis, and challenge of Third Party and BDR risks and controls. The individual will play a key role in executing risk management oversight activities, including execution of risk assessments and regulatory compliance monitoring, creation of governance materials, and review of incidents and issues, remediation activity, and other matters requiring independent review and challenge.Primary Responsibilities> Execute Second Line non-financial risk oversight activities to support oversight and challenge of Third Party and BDR risk.> Support independent review and challenge through execution of risk assessments as well as review of control outcomes, issues, incidents, remediation plans, and risk acceptances related to Third Party specialized risks.> Assist with governance activities related to Third Party specialized risks, including preparation and review of materials, meeting documentation, action tracking, and escalation summaries.> Collaborate with first line and second line colleagues to assess whether Third Party and BDR risks are appropriately identified, documented, managed, and escalated.> Support targeted reviews and thematic analysis related to Third Party and BDR risk oversight.> Engage with senior colleagues across the broader Firm, including first line of defense business units, support functions, and control partners, as appropriate.> Maintain clear documentation of review conclusions, challenge points, and follow-up actions to support governance transparency and auditability.> Undergraduate degree (i.e., B.A., B.S., or equivalent) is required, ideally in an area related to risk management. Advanced degree holders are also encouraged to apply.> 5-7 years' experience in the financial services industry within risk management; exposure to sourcing / procurement, vendor risk management is preferable.> Understanding of Third Party and BDR related regulations and industry frameworks, especially relating to operational risk management> Program or project management skills with a focus on effectively communicating complex analytical concepts to senior management.> Experience working in an oversight function, executing regulatory exams and/or audits> Self-led with a demonstrated ability to collaborate globally across multiple functional areas while maintaining suitable independence and effective challenge.> Experience with implementing and interpreting risk reporting for governance and oversight> Ability to work on challenging assignments in a dynamic environment, carry out quantitative and qualitative data analysis, synthesize information, distill relevant facts, and reach logical conclusions and communicate them effectively> Strong risk analytics experience and problem-solving skills with the ability to effectively manage several tasks concurrently and work in a high pressure environment to meet deadlines.> Detail oriented mindset with strong organization skills with the ability to multitask and prioritize> Proficiency in Microsoft Word, Excel, and PowerPointWHAT 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.To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.For more information, please visit : https://www.morganstanley.com/people-opportunities/eeo .