U.S. Banks Conduct Risk Manager, Vice President

Morgan Stanley; Purchase (NY); On-site; USD 110,000 - 190,000; Full time

Job summary

Morgan Stanley seeks a U.S. Banks Conduct Risk Manager, Vice President in Purchase, NY, responsible for overseeing conduct risk activities. The ideal candidate will have over 8 years of relevant experience and a strong understanding of operational and product-related risks, ensuring the alignment with regulatory requirements and company standards.

Qualifications

• 8+ years of experience in audit, compliance, or operational risk management.
• Strong understanding of lending product risks.
• Proficiency in MS Office applications.

Responsibilities

• Oversee conduct risk activity and create risk reports.
• Support risk initiatives and manage assigned projects.
• Collaborate with control functions and partnerships.

Skills

Operational risk understanding

Analytical skills

Problem-solving skills

Communication skills

Organizational skills

Education

Bachelor’s Degree or higher

Tools

MS Office

Job description

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Morgan Stanley (“MS”) is a global financial services firm that conducts its business through three principal business segments—Institutional Securities, Global Wealth Management via Wealth Management (WM), and Asset Management. WM’s network includes approximately 15,000 Financial Advisors with total client assets of over $1.5 trillion. WM provides comprehensive financial advice and services to its clients including brokerage, investment advisory, financial and wealth planning, credit and lending, deposits and cash management, annuities, insurance, retirement, and trust services.

Morgan Stanley Private Bank, National Association (“Bank” or “MSPBNA”) provides deposit and lending products and services to serve the needs of Wealth Management clients and seeks a Conduct Risk Manager as part of the Bank’s First Line Operational Risk Organization. The Conduct Risk Manager will perform day to day oversight to identify and monitor for potential conduct risk activity. We do that by creating, owning, and enhancing a suite of risk reports and tools to be used by Bank Management and Bank Conduct & Compliance Risk.

The Conduct Risk Manager will report to the Bank’s Conduct Risk Officer and will be based in Purchase, NY.

Conduct Risk Manager Will Be Expected To

• Serve as the Bank’s primary Risk Manager to review outside activities and private investment transactions submitted by Morgan Stanley employees to ensure the activity/investment do not result in actual or perceived conflicts of interest.
• Act as point of escalation for risk queries and/or issues identified by due diligence or control group assessments.
• Support various Bank Conduct Risk initiatives, proactively identifying risks and ensuring appropriate supervision.
• Manage projects as needed and assigned; deliverables are often related to ad-hoc requests so a successful candidate must be able to work in an environment with evolving priorities, making sound decisions about prioritization.
• Monitor and report metrics and report on Conduct Risk related activities for the Bank’s First Line Operational Risk Organization.
• Collaborate and build effective working relationships with colleagues in WM Client Segment Risk, second and third-line control functions (Legal, Compliance, and Audit) on an ongoing basis.
• Partner with and leverage the Firm and Bank’s Operational Risk Team frameworks and programs.
  
  

Qualifications

• 8+ years of experience in audit, business management, legal/compliance, banking and lending product risk advisory, internal audit, or operational risk management
• Strong understanding of operational risk
• Broad knowledge of lending and deposit product risks including risks related to residential mortgages, securities-based lending, and deposits.
• Strong organization skills with the ability to multitask and prioritize; ability to work under pressure and to tight deadlines.
• Strong analytical and problem-solving skills (critical thinking ability)
• Excellent written and verbal communications skills
• Detail-oriented and accurate.
• Ability to work in a team environment, build and maintain a network of contacts and coordinate with a large number of stakeholders across the Bank and Firm.
• Proficiency in MS Office applications (e.g., Word, Excel, PowerPoint, SharePoint)
• FINRA Series 7 and FINRA Series 63/65 or 66 a plus but not required.
• Bachelor’s Degree or higher
  
  

What You Can Expect From Morgan Stanley

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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.

Expected base pay rates for the role will be between $110,000 and $190,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).

Seniority level

• Seniority level

  Executive

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

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