Associate, Third Party Risk Management

Morgan Stanley; Dallas (TX); On-site; USD 120,000 - 170,000; Full time

Job summary

Morgan Stanley in Dallas is seeking an experienced risk professional to support third party and Business Disruption & Resilience oversight within the Non-Financial Risk function. The role emphasizes independent challenge, risk assessment, regulatory monitoring, and governance material review.

You will collaborate with first and second line teams, document conclusions, and track remediation across global stakeholders, balancing analytical rigor with clear communication to senior management.

Qualifications

• Undergraduate degree in risk management or related field.
• 5-7 years in financial services risk management.
• Knowledge of Third Party and BDR regulations and operational risk.
• Program or project management skills with clear communication to senior management.
• Experience in oversight functions, regulatory exams or audits.
• Ability to collaborate globally while maintaining independence and effective challenge.
• Experience with risk reporting for governance and oversight.
• Excellent analytical and problem-solving abilities under pressure.

Responsibilities

• Execute Second Line non-financial risk oversight activities for Third Party and BDR risk.
• Perform risk assessments and review control outcomes, incidents, remediation plans and risk acceptances.
• Support governance activities: materials preparation, meeting docs, action tracking, escalation summaries.
• Collaborate with first and second line to ensure risks are identified, documented, managed and escalated.
• Conduct targeted reviews and thematic analyses of risk oversight.
• Engage with senior colleagues across the Firm to coordinate risk oversight and governance.

Skills

Risk management

Regulatory exams

Program/project management

Senior management communication

Independent challenge

Data analysis

Multitasking

Organizational skills

Effective collaboration

Education

Undergraduate degree in risk management

Advanced degree encouraged

Tools

Microsoft Word

Microsoft Excel

Microsoft PowerPoint

Job description

Background on the Position

The 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.

Qualifications

• 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 PowerPoint

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.

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.