Job Description
Morgan Stanley Wealth Management provides access to a wide range of wealth management products and services for individuals, businesses and institutions to deliver services and solutions that help build, preserve and manage wealth. These services include brokerage and investment advisory, financial and wealth planning, credit and lending, cash management, annuities and insurance, retirement and trust.
Business Risk Management
The Investment Solutions Business Risk Management team is responsible for implementing the product risk and control framework supporting Traditional Investment Products, Insured Solutions, Alternative Investments, Private Markets and National Sales. This requires close coordination with support partners such as the Product teams, Operations, Technology, Compliance and Legal to identify and assess operational risks and implement controls and processes.
Position Summary
Business Risk Management is seeking a candidate for Risk Management and Internal Controls. This position is responsible for partnering with the business units to ensure continued adherence to the risk and control framework and provide ongoing risk management support.
Primary Responsibilities Include
Supporting BCU Officer(s)in the following areas:
> RCSA Coordination - Assist in coordination with risk owners in the business to continue to enhance the risk and control self-assessment to ensure that risks and controls are documented around current supervisory processes and test the supervisory process to ensure coverage is adequate.
> Examination Management- Assist in coordination with internal/external auditors, compliance and central RCSA testing teams to ensure that the business is adequately prepared for all reviews. Track the status of open risks identified by internal/external audit, compliance and central RCSA testing teams and work with each action owners to identify the best resolution to remediate controls or mitigate risk.
> Risk Incident Monitoring - Assist in analyzing incidents and determine firm, advisor and/or client impact. Conduct a mini front-to-back analysis of incidents to determine if an enhancement is needed to a function/process/control and ensure that operational risk incidents are properly posted to and processed through the Risk Incident Tracking Application (ReCap).
> Risk Identification - Assist in planning and performing internal reviews of procedures and controls residing within various product and business areas to ensure that controls are adequately designed and are operating effectively in preparation for all audits, compliance exams, and regulatory inquiries.
> Risk Mitigation - Proactively engage appropriate stakeholders and partners to lead the implementation of enhanced processes and controls build-out for any identified control gaps or opportunities for enhancement.
> Management Reporting - Develop reporting and effectively and timely communicate risk management issues and internal control deficiencies to BRM Management with properly vetted and proposed solutions.
> IT Project and Risk Management - Manage certain aspects of the pipeline of IT projects for certification through partnering with management and various PMO groups and ensure that IT projects are appropriately assessed for risk ratings. Engage the Business Unit Information Security Officer (BUISO) team when information security risks are identified.
> Vendor Management, EUC, User Entitlements - Participate in review and monitoring of these areas to ensure compliance and timely response to inquiries and/or testing. Qualifications
> At least 5 years of relevant risk experience.
> Undergraduate degree in business, finance, accounting or other related fields
> Audit and RCSA experience preferred
> Business Process and Operational control environment experience preferred
> Strong understanding of Compliance and Audit practices
> Knowledge of IT Security controls
> Demonstrate an understanding of the financial services industry, Investment Solutions products specifically alternative investments (private equity, hedge funds, exchange funds etc) and insurance products (annuities, insurance including property and insurance experience a plus
> Ability to take initiative, analyze, summarize, and communicate effectively orally and in writing
> Strong interpersonal skills - ability to work with various professionals and levels of management across departments
> Excellent organizational skills, ability to manage multiple tasks and meet assigned deadlines
> Ability to work independently and within teams, promote teamwork and demonstrate sound reasoning and judgment.
> Strong working knowledge of MS Office (Microsoft Word, Excel (including pivot tables, vlookups, etc.) and PowerPoint))
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 85 years. At our foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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.
We're committed to bringing passion and customer focus to the business.
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.
Business Risk Management
The Investment Solutions Business Risk Management team is responsible for implementing the product risk and control framework supporting Traditional Investment Products, Insured Solutions, Alternative Investments, Private Markets and National Sales. This requires close coordination with support partners such as the Product teams, Operations, Technology, Compliance and Legal to identify and assess operational risks and implement controls and processes.
Position Summary
Business Risk Management is seeking a candidate for Risk Management and Internal Controls. This position is responsible for partnering with the business units to ensure continued adherence to the risk and control framework and provide ongoing risk management support.
Primary Responsibilities Include
Supporting BCU Officer(s)in the following areas:
> RCSA Coordination - Assist in coordination with risk owners in the business to continue to enhance the risk and control self-assessment to ensure that risks and controls are documented around current supervisory processes and test the supervisory process to ensure coverage is adequate.
> Examination Management- Assist in coordination with internal/external auditors, compliance and central RCSA testing teams to ensure that the business is adequately prepared for all reviews. Track the status of open risks identified by internal/external audit, compliance and central RCSA testing teams and work with each action owners to identify the best resolution to remediate controls or mitigate risk.
> Risk Incident Monitoring - Assist in analyzing incidents and determine firm, advisor and/or client impact. Conduct a mini front-to-back analysis of incidents to determine if an enhancement is needed to a function/process/control and ensure that operational risk incidents are properly posted to and processed through the Risk Incident Tracking Application (ReCap).
> Risk Identification - Assist in planning and performing internal reviews of procedures and controls residing within various product and business areas to ensure that controls are adequately designed and are operating effectively in preparation for all audits, compliance exams, and regulatory inquiries.
> Risk Mitigation - Proactively engage appropriate stakeholders and partners to lead the implementation of enhanced processes and controls build-out for any identified control gaps or opportunities for enhancement.
> Management Reporting - Develop reporting and effectively and timely communicate risk management issues and internal control deficiencies to BRM Management with properly vetted and proposed solutions.
> IT Project and Risk Management - Manage certain aspects of the pipeline of IT projects for certification through partnering with management and various PMO groups and ensure that IT projects are appropriately assessed for risk ratings. Engage the Business Unit Information Security Officer (BUISO) team when information security risks are identified.
> Vendor Management, EUC, User Entitlements - Participate in review and monitoring of these areas to ensure compliance and timely response to inquiries and/or testing. Qualifications
> At least 5 years of relevant risk experience.
> Undergraduate degree in business, finance, accounting or other related fields
> Audit and RCSA experience preferred
> Business Process and Operational control environment experience preferred
> Strong understanding of Compliance and Audit practices
> Knowledge of IT Security controls
> Demonstrate an understanding of the financial services industry, Investment Solutions products specifically alternative investments (private equity, hedge funds, exchange funds etc) and insurance products (annuities, insurance including property and insurance experience a plus
> Ability to take initiative, analyze, summarize, and communicate effectively orally and in writing
> Strong interpersonal skills - ability to work with various professionals and levels of management across departments
> Excellent organizational skills, ability to manage multiple tasks and meet assigned deadlines
> Ability to work independently and within teams, promote teamwork and demonstrate sound reasoning and judgment.
> Strong working knowledge of MS Office (Microsoft Word, Excel (including pivot tables, vlookups, etc.) and PowerPoint))
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 85 years. At our foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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.
We're committed to bringing passion and customer focus to the business.
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.
💡 Quick Summary
Seeking a career-building opportunity? The Director - Business Risk and Control Manager - Investment Solutions Products (Wealth Management) position is now open for candidates interested in the Operations Executive Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Operations Executive Jobs is a plus.
