Wealth Management Operational Risk - Non-Financial Risk Assessment AVP

Morgan Stanley; Baltimore (MD); On-site; USD 120,000 - 180,000; Full time

Job summary

Morgan Stanley is seeking a risk management professional for Wealth Management to help mitigate risk and strengthen controls. You will support Non-Financial Risk Assessment activities, collaborate with Business Risk and Operational Risk teams, and ensure data quality across risks and controls while delivering timely analyses to senior management.

The role requires strong communication, project management and analytical skills, with extensive Excel and PowerPoint use, and the ability to manage

Qualifications

• Minimum 5 years of risk management experience within financial services.
• Experience within Operational Risk Management is preferred.
• Strong project management skills and teamwork ability.
• Ability to coordinate with many stakeholders and build networks.
• Excellent written and verbal communication and organizational skills.
• Proficient in Excel and PowerPoint; strong analytical/problem-solving skills.

Responsibilities

• Assist in coordinating NFRA activities across Wealth Management units.
• Work with Business Risk to ensure timely, accurate risk reporting.
• Ensure data quality of risks and controls aligns with guidelines.
• Support metrics and analysis for senior management on risk themes.
• Partner with control testing to feed testing outcomes into risk profiles.
• Support ad-hoc projects delivering quality analyses on time.

Skills

Risk management

Project management

Stakeholder management

Communication

Analytical thinking

Team collaboration

Tools

Excel

PowerPoint

Job description

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. With offices in more than 41 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals.

As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

This role will provide broad exposure to functions and business lines within Wealth Management. The primary focus will be on mitigating risk and improving the control environment in Wealth Management. Specific duties will include:

• Assist in coordinating Non-Financial Risk Assessment (NFRA) activities across Wealth Management Business Units
• Work closely with Business Risk group partners to ensure that operational risks are reported in a timely, accurate and thoughtful manner to appropriately inform residual risk profiles
• Work closely with Operational Risk partners and Business Risk group partners to ensure the data quality of risks and controls are updated timely, in line with firm guidelines
• Assist with metrics and analysis for senior management, which allows the ability to identify and track thematic operational risks
• Perform analysis of NFRA and related Operational Risk data for quality assurance, and challenge the business on their risk profile
• Partner closely with our control testing team, ensuring the outcome of testing feeds appropriately into the risk profile
• Support ad-hoc projects to ensure appropriate solutions and/or analysis is delivered on-time and to a high level of quality

Required Qualifications:

• Minimum 5 years of risk management experience within financial services, preferably within the Operational Risk Management discipline
• Strong project management skills with the ability to work well within a team
• Ability to build and maintain a network of contacts and coordinate with a large number of stakeholders
• Solid interpersonal skills, including written and verbal communication
• Strong organizational skills with the ability to multitask, prioritize and work under pressure and to tight deadlines
• Strong analytical and problem solving skills (critical thinking ability)
• Advanced knowledge of Microsoft Office suite, emphasis in Excel and PowerPoint