Other |Legal and Compliance|

Division: Legal & Compliance

Job Title: Fraud Risk Director

Location: Mumbai (NKP, Goregoan East)

Job Level: Director

Company Profile

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, and individuals from more than 1,200 offices in 43 countries.

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 superior foundation for building a professional career - 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.

Legal and Compliance Division Profile

Legal & Compliance Division (LCD) comprises of Legal, Compliance, Global Financial Crimes, Operational Risk and Regulatory Relations. Compliance, Global Financial Crimes and Operational Risk are together referred to as Non-Financial Risks (NFR)
The Legal Department provides guidance, requirements, and procedures for understanding and complying with the laws, regulations and Firm policies that apply to our businesses.

The Global Compliance Department identifies applicable Compliance Obligations and maintains a Firmwide Compliance Risk management program, including Compliance Risks that transcend business lines, legal entities and jurisdictions of operation.

Global Financial Crimes is responsible for the development and governance of the Firm's financial crime prevention efforts across all regions and business units. Global Financial Crimes is comprised of the Anti-Money Laundering (AML), Sanctions, Anti-boycott, Anti-Corruption (ACG), Government, and Political Activities Compliance (GPAC) programs.

Operational Risk refers to the risk of financial or other loss, or potential damage to a firm's reputation, resulting from inadequate or failed internal processes, people, systems, or from external events. Operational Risk Department (ORD) defines the framework, standards and governance for Operational Risk for the Firm, and implements and monitors the company-wide operational risk program. ORD works with the business units and control groups to help ensure Morgan Stanley has a transparent, consistent, and comprehensive program for managing operational risk, both within each area and across the firm globally.

The Global Regulatory Relations Group (GRRG) is responsible for strategic and centralized management of the supervisory activities of Morgan Stanley's regulators and related developments globally, with a focus on regulatory reviews and examinations and continuous monitoring activities. GRRG
developments globally, with a focus on regulatory reviews and examinations and continuous monitoring activities. GRRG serves as the central point of contact for the regulatory staff responsible for supervisory activities at Morgan Stanley entities and for timely reporting to Firm management and other governance or management bodies, as appropriate, on those relationships and supervisory processes, including areas of significant regulatory focus or concern.

LCD Center of Excellence - Mumbai (LCDCoE) is a part of Morgan Stanley's Global In-house Center, which provides global support to LCD and is an integral part of Firm and LCD strategy.

Fraud Risk Specialty Group - The role will reside within the Non-Financial Risk Operational Risk Department, focusing on Firm Fraud Specialty Risk Coverage.

The Fraud Risk specialty group seeks to minimize loss arising from internal or external fraud, as a result of intentional dishonest acts by internal or external parties typically through deception, falsification, abuse of position, circumvention, collusion, system intrusion, malware/virus or other similar means. The group sets policies, defines tolerance, conducts assessments, and provides oversight and challenge across all aspects of Fraud Risk.

Primary Responsibilities

The primary responsibilities of the role include:

Leverage the Morgan Stanley Operational Risk framework to identify, evaluate, and assess Fraud Risks through thoughtful and detailed qualitative and quantitative analysis.
Contribute to the development and operationalization of Fraud Risk metrics and reporting to provide meaningful insights and data driven recommendations to executive level risk and business stakeholders.

Collaborate with business partners and other key stakeholders to challenge the design, configuration and implementation of Fraud Risk mitigation processes, controls, tools, and surveillance capabilities.

Build and maintain strong positive relationships with key partners, including Fraud Department, business stakeholders and the broader Operational Risk community.

Participate in Fraud Risk projects and policy and procedure maintenance.

Monitor industry developments and trends to identify emerging fraud threats.

Requirements

The ideal candidate would have:

Bachelor's degree or equivalent

6+ years of risk management and/or data analytics experience (preferably in financial services)

Basic understanding of Fraud Risk (e.g. anti-fraud programs, fraud schemes, fraud controls, etc.)

Excellent verbal and written communication skills; ability to present complex ideas concisely
Strong analytical skills (takes a data and facts-based approach to problem solving)

Strong project management skills with the ability to multitask, prioritize, work under pressure, and meet tight deadlines

Advanced knowledge of the Microsoft Office suite (emphasis on Excel and PowerPoint)

Working knowledge SQL, PowerBI, Tabelau is added advantage

Coverage

Monday to Friday from 11.00PM to 8.00PM. Coverage is dependent on business needs so flexibility on required finish time or full day's coverage may be required during some Indian holidays.

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise 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.

Posting Date

Sep 13, 2024

Primary Location

Non-Japan Asia-India-Maharashtra-Mumbai (MSA)

Education Level

Refer to Position Description

Job

Other

Employment Type

Full Time

Job Level

Director

India
Maharashtra
Mumbai Show on map Get directions