Risk Officer - Vice President

Morgan Stanley; Sandy (UT); On-site; USD 100,000 - 120,000; Full time

Job summary

Morgan Stanley is hiring a Risk Officer for their Wealth Management Platforms team in Sandy, UT. The role entails managing operational risk, ensuring compliance with policies, and supporting risk assessments.

The ideal candidate should have over 5 years of experience in risk management within the financial industry, along with relevant certifications and strong analytical skills. The position offers an opportunity to work in a dynamic environment focused on financial services.

Qualifications

• 5+ years’ experience in risk management and/or related brokerage business processes within the financial industry.
• Industry certification preferred (i.e. Series 3, 4, 7, 24 or 66).
• Knowledge of financial regulations pertaining to Operational Risk preferred.

Responsibilities

• Provide overall Risk support and coverage for WM Platforms.
• Help implement and maintain oversight and control infrastructure.
• Manage, coordinate and maintain Non-Financial Risk Assessment (NFRA) annual process.

Skills

Risk Management

Analytical Skills

Communication

Project Management

Proficiency in Excel and Dashboard tools

Education

Bachelor’s degree or related financial industry experience

Job description

Summary

Risk Officer - VPSandy, UT

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. Morgan Stanley Wealth Management (MSWM) has over $2 trillion under management and is one of the world’s largest networks of Financial Advisors.

The Wealth Management Platforms organization manages industry-leading platforms across all Wealth Management channels and client segments to provide a unified digital experience, unlock growth and deliver efficiencies for Advisors, Clients and Institutions.

The Business Control Unit (BCU) within Wealth Management Platforms Risk has core responsibilities including, but not limited to, operational risk management, incident management, risk acceptances, risk and control self-assessment via the Non-Financial Risk Assessment (NFRA) framework, policy and procedures coordination, issue and action plan management, audit and Compliance exam preparation and management, licensing and registration review, committee and/or new product approval materials coordination, business continuity planning (BCP) coordination, and entitlements management.

Team Partners

• WM Platforms Risk – ET Lending Product Management, ET Margin & Futures Risk Management, ET Order Room, ET Agency Desk, ET Workflow Product Mgmt, and WM Platforms Risk Mgmt
• WM Platforms Digital Trading & Investing – Trading Product Management (ET/MSO), Power ET Web & Mobile Product Management, ET Investing Product Management, ET Market Data Management, ET Futures Product, ET Crypto Product

Responsibilities

• Provide overall Risk support and coverage for WM Platforms.
• Help implement and maintain oversight and control infrastructure to reasonably ensure that the line of business is operating within Policies and Procedures and adhering to applicable regulatory rules and standards.
• Manage, coordinate and maintain Non-Financial Risk Assessment (NFRA) annual process, and ensure NFRA deliverables execution is appropriate and timely. Maintain, identify, and/or enhance business process risks and controls documentation.
• Assist in identification of Management Self-Identified Issues (MSIs), and design & deliver appropriate Action Plans.
• Assist with appropriate Incident remediation; conduct evaluation/assessments of business area to identify gaps in policies and procedures and recommend potential process and control improvements.
• Partner with product/business owners as well as Legal, Risk and Compliance to help develop, document, and update policies and procedures.
• Work with the Internal Audit / Compliance department and business leads through periodic assessments; help ensure delivery and understanding of materials / processes; analysis of issues, findings and deliverables to ensure they are appropriate.
• Partner with product / business owners and Firm Resiliency department to help develop and maintain effective continuity plans.
• Prepare presentations, metrics, reports and Key Risk Indicators (KRIs) to present informative data to the business and other relevant stakeholders.
• Participate in the development and execution of a comprehensive entitlement and governance framework, as necessary, to ensure protection of, and justification for systems access.
• Collaborate with control partners across areas including, but not limited to: WM Risk, Internal Audit, Legal, Compliance Privacy, Vendor Management, Chief Data Office, Fraud, Operations, Model Management, Technology Risk, and Generative AI Governance, as needed.
• Partner with the businesses to maintain and document reviews and attestations related to: Vendor Management, Licensing & Registration, Tools/EUCs, Models, and Tools inventories per Firm guidelines.

Education and/or Experience

• 5+ years’ experience in risk management and/or related brokerage business processes within the financial industry.
• Industry certification preferred (i.e. Series 3, 4, 7, 24 or 66), or related industry governance experience.
• Knowledge of financial regulations (FFIEC, FED, OCC, FINRA) pertaining to Operational Risk preferred.
• Bachelor’s degree or related financial industry experience preferred.

Skills

• High level of professionalism, self-motivation, and a strong sense of urgency.
• Ability to manage effectively and work closely with business leaders in a high pressure, fast paced, highly collaborative environment with multiple deadlines and competing priorities.
• Solid business judgment and ability to understand and prioritize business obligations.
• Excellence in spoken and written communication, execution, and ability to adapt to changing business conditions.
• Strong analytical, problem-solving and project management skills.
• Excellent teamwork and partnering skills.
• Proficiency in Excel, Dashboard tools and PowerPoint.

EEO Statement

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. For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.