VP, Operations & Finance Operational Risk Coverage Lead

PowerToFly; Dallas (TX); On-site; USD 108,000 - 185,000; Full time

Job summary

Morgan Stanley seeks an Operations, Finance, and Strategic Initiatives coverage officer for its Wealth Management Operational Risk team in Dallas, Texas. This role focuses on partnering with business units to guide risk management activities and ensure compliance with operational-risk policies.

Candidates should have over 5 years of relevant experience and a strong understanding of Operations and Finance processes, along with excellent communication skills. Compensation ranges from $108,000 to $185,000 annually.

Qualifications

• 5+ years of work experience in Operations, Finance, Audit, Compliance, or Risk Management.
• Strong understanding of Operations and Finance processes.
• Understanding of operational-risk management concepts.

Responsibilities

• Partner with Wealth Management Operations and Finance as a subject-matter expert.
• Engage with functional stakeholders in oversight of initiatives.
• Advise on process and control design and remediation efforts.

Skills

Operations understanding

Risk management

Communication skills

Organizational skills

Problem solving

Education

Bachelor’s degree or equivalent

Job description

Background on the Position

We're seeking someone to join the Wealth Management (WM) Operational Risk team as the Operations, Finance, and Strategic Initiatives coverage officer. The role will reside within the 2nd line Non‑Financial Risk's (NFR) Operational Risk Department (ORD).

Operational risk is defined as the risk of loss or impacts resulting from inadequate or failed internal processes, people and 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., fund investment) and control groups (e.g., information technology and fund administration).

The role is to partner with Wealth Management business and control groups to provide independent guidance on execution of business activities, strategic programs, and initiatives; ensure operational‑risk policies and procedures are executed as intended; and conduct independent oversight activities such as proactive risk reviews. The candidate will play a critical strategic role in driving risk‑management activities and adoption of the risk‑management framework across Operations and Finance, building strong relationships with 1st‑line WM Risk and Business functions while maintaining a healthy voice of independent challenge.

Primary Responsibilities

• Partner with Wealth Management (WM) Operations and Finance, and serve as the second line subject‑matter expert for Operations and Finance operational‑risk matters.
• Play an active role in the oversight of key Operations and Finance initiatives through direct engagement with functional stakeholders and participation in relevant committees and working groups.
• Coordinate coverage of Operations and Finance‑led strategic initiatives across ORD WM Coverage, cross‑divisional Operational Risk Coverage (e.g., Fraud, Cybersecurity, Technology, Information Security, Third Party), and Compliance to ensure an integrated 2nd‑line approach.
• Advise on Operations and Finance related process and control design as well as remediation efforts; oversee and monitor losses and impacts related to WM’s Operations and Finance functions.
• Assess operational‑risk impacts of the Operations and Finance functions via non‑financial risk assessments, incident reporting, capital requirements, etc.
• Perform deep dives, targeted risk assessments, and lessons‑learned exercises on material operational‑risk events (internal and external) and analyses of thematic operational risks.
• Work collaboratively in a high‑performing global team responsible for identifying, assessing, reporting, and capturing operational‑risk information.
• Drive a no‑surprises approach in ensuring that operational risks are well known and understood.

Experience & Qualifications

• 5+ years of work experience in Operations, Finance, Audit, Compliance, or Risk Management.
• Strong understanding of Operations and Finance processes including corporate actions, clearing, settlement, books and records, CAT/TRACE/MSRB reporting, and associated rules and regulations.
• Understanding of operational‑risk management concepts (e.g., RCSA/NFRA, issue identification and remediation, operational loss events).
• Self‑starter with the ability to independently formulate and execute new ideas, and to critically evaluate risks.
• Strong communication and organization skills with the ability to multitask and prioritize; ability to work under pressure and tight deadlines.
• Demonstrated ability to collaborate across multiple functional areas while maintaining suitable independence and effective challenge.
• Bachelor’s degree or equivalent.

Compensation

Expected base pay rates for the role will be between $108,000 and $185,000 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 corporate‑sponsored benefit programs.

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 a 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.