Path to Advice Business Control Unit AVP – Client Segment Risk

PowerToFly; New York (NY); On-site; USD 85,000 - 140,000; Full time

Job summary

Morgan Stanley in New York seeks a Path to Advice Business Control Unit risk professional to advise on risk for the Path to Advice business within Wealth Management Client Segments. You will partner with leadership to identify, assess, and mitigate key risks while supporting strategic initiatives.

You will maintain 1LoD coverage, lead exam readiness, coordinate across three lines of defense, and ensure governance and NFRA updates. Strong communication and data analytics are essential.

Qualifications

• Bachelor’s Degree required.
• Relevant experience in risk management, audit, or compliance preferred.
• Strong analytical and communication skills.
• Ability to coordinate across multiple stakeholders.

Responsibilities

• Support expanding strategic initiatives requiring upfront risk assessment and control design.
• Maintain 1LoD coverage for Path to Advice control obligations.
• Lead end‑to‑end exam/audit readiness for assigned coverage area.
• Coordinate with three lines of defense and guide business partners on risk remediation.
• Own NFRA risk/control inventory and ensure audit readiness.
• Manage operational risk incidents and root cause analysis.
• Support updates of Policies and Procedures (P&Ps) and Business Continuity Plans (BCPs).
• Produce periodic risk reporting for leadership.
• Participate in workgroups and evaluate AI use cases.

Skills

Risk management

Audit

Compliance

Project management

Analytical thinking

Communication

MS Office

Data analytics

AI tools familiarity

Education

Bachelor’s Degree

Tools

MS Office

Excel

Job description

Position Overview

The Path to Advice Business Control Unit (BCU) is a first line of defense risk function responsible for overseeing risks and controls for the Path to Advice business unit within Wealth Management Client Segments. A key part of this role is to serve as a risk advisor to Path to Advice, partnering closely with leadership to identify, assess, and help mitigate key risks. The individual will support business strategic initiatives by delivering clear, actionable guidance on risk implications, control considerations, and governance expectations.

The BCU team also works with business stakeholders and other control partners including second and third lines of defense to continually monitor and assess risk. BCU engages in risk analysis of process, control or business model changes and active updating of the businesses’ Non‑Financial Risk Assessment (NFRA). Other core functions include policies and procedure reviews, managing internal audit and compliance exams, incident and escalation reporting, lessons learned reviews, risk assessment of strategic and other business initiatives, business continuity plan support, and data analytic deep dives.

Responsibilities

• Support expanding strategic initiatives/new capabilities requiring upfront risk assessment and control design
• Maintain continuous 1LoD coverage for Path to Advice control obligations
  • Provide 1LoD risk sign‑off/credible challenge for process changes, new initiatives, and control design
• Lead end‑to‑end exam/audit readiness for assigned coverage area
  • Assure coordination across all three lines of defense throughout lifecycle
  • Guide business partners in identifying, understanding and self‑disclosing risks and defining subsequent action plans for remediation
  • Coordinate Document Request Lists and ensure timely delivery of requests
  • Schedule/Coordinate walkthroughs with various stakeholders
  • Review audit reports and findings for accuracy
  • In coordination with the business, develop appropriate Action Plans
  • Track issues and action plans for remediation and ensure timely completion
• Own and maintain the business’s NFRA risk/control inventory ensuring evidence is audit‑ready and aligned to current process/control design
• Manage operational risk incidents, remediate as necessary, and complete root cause analysis as required
• Support required reviews and updates of Policies and Procedures (P&Ps)
• Update Business Continuity Plans (BCP) and Business Impact Assessments
• Produce periodic operational risk reporting (KRIs/KPIs, incident themes, control health) for business leadership
• Participate in relevant workgroups and provide risk support and assessment on new business initiatives, changes in business model or processes and controls
• Support business in managing Artificial Intelligence use cases

Qualifications

• At least 4-6 years of experience within Financial Services, in a Risk Management, Audit or Compliance role preferred. Knowledge related to Wealth Management a plus.
• Bachelor’s Degree required
• Proven ability to manage delivery/execution of a wide range of tasks and initiatives
• Project management skills and the ability to effectively prioritize many competing assignments
• Strong analytical and problem-solving skills (critical thinking ability)
• Strong organization skills with the ability to multitask and prioritize; ability to work under pressure and to tight deadlines
• Excellent written and verbal communication skills and ability to interact at all levels of the organization and tailor messages appropriately
• Proven ability to work across departments to influence others and build strong relationships
• Attention to detail, high level of initiative and resourcefulness and ability to problem solve, demonstrate good business judgment and integrity
• Proficiency in MS Office applications (e.g., Word, Excel, PowerPoint, Project)
• Data analytics skills
• Proficiency in using Artificial Intelligence (writing prompts, creating agents, etc.)

Compensation

Expected base pay rates for the role will be between $85,000 and $140,000 per year at the commencement of employment. Base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which may also include commission earnings, incentive compensation, discretionary bonuses, other short and long‑term incentive packages, and other Morgan Stanley sponsored benefit programs.

Location

New York

Equal Employment Opportunity

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.