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. 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 five core values rooted in integrity, excellence, and strong team ethic:
• Putting Clients First
• Doing the Right Thing
• Leading with Exceptional Ideas
• Giving Back
• Committing to Diversity and Inclusion
Morgan Stanley is committed to helping its employees build meaningful careers as we strive to be a place for people to learn, achieve and grow.
Firm Risk Management (FRM) supports Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, operational, model and other risks.
Department Profile
The role will reside within the Wealth Management (WM) and U.S. Banks Risk Department, which provides enterprise risk management support across several key functions that include governance, risk reporting, risk monitoring, strategic projects/initiatives, and business management.
Background on the Position
This Vice President role is within WM & U.S. Banks Enterprise Risk Management function. The primary objective of the role is to lead the implementation, and maintenance of risk assessment processes, risk metrics monitoring processes and systems, and risk tolerance to ensure the organization's risks are identified, assessed, and managed effectively. The VP will also be responsible for reviewing, challenging, and executing risk management processes, ensuring robust risk governance and compliance with regulatory requirements.
Primary Responsibilities
> Lead and oversee the enterprise risk assessment process to assess risk profiles, ensuring identification and evaluation of potential risks
> Collaborate with business units and risk managers to conduct and enhance risk assessments
> Maintain detailed risk metrics and dashboards that provide actionable insights to Bank senior leadership and the Banks' Board of Directors
> Partner with various internal teams to establish new risk management initiatives
> Independent review and challenge current risk assumptions, methodologies, and outcomes and recommend enhancements to improve effectiveness
> Stay abreast of regulatory changes and ensure the FRM's risk management practices comply with applicable laws and regulations
> Bachelor's degree or equivalent, ideally in Finance, Accounting, Economics, or a related field; advanced degree preferred
> 10+ years of experience in the Financial Services industry (Enterprise Risk Management, Regulatory, or Internal Audit background)
> Proven experience in enterprise risk management, risk assessments, risk identification, risk monitoring, risk appetite and risk metric reporting in a highly regulated environment
> Knowledge of regulatory requirements and industry best practices in risk management
> Strong understanding of risk management frameworks, methodologies, and best practice
> Excellent influencing, negotiating, and collaborating skills with the ability to build strong internal networks
> Strong oral/written communications skills with the ability to present to a wide range of stakeholders
> Problem-solving skills and attention to detail with the ability to work under pressure
Expected base pay rates for the role will be between $120,000 and $200,000 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, *** stereotype, gender, gender identity or expression, transgender, ****** 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).
EFCSP
As a market leader, the talent and passion of our people is critical to our success. Together, we share five core values rooted in integrity, excellence, and strong team ethic:
• Putting Clients First
• Doing the Right Thing
• Leading with Exceptional Ideas
• Giving Back
• Committing to Diversity and Inclusion
Morgan Stanley is committed to helping its employees build meaningful careers as we strive to be a place for people to learn, achieve and grow.
Firm Risk Management (FRM) supports Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, operational, model and other risks.
Department Profile
The role will reside within the Wealth Management (WM) and U.S. Banks Risk Department, which provides enterprise risk management support across several key functions that include governance, risk reporting, risk monitoring, strategic projects/initiatives, and business management.
Background on the Position
This Vice President role is within WM & U.S. Banks Enterprise Risk Management function. The primary objective of the role is to lead the implementation, and maintenance of risk assessment processes, risk metrics monitoring processes and systems, and risk tolerance to ensure the organization's risks are identified, assessed, and managed effectively. The VP will also be responsible for reviewing, challenging, and executing risk management processes, ensuring robust risk governance and compliance with regulatory requirements.
Primary Responsibilities
> Lead and oversee the enterprise risk assessment process to assess risk profiles, ensuring identification and evaluation of potential risks
> Collaborate with business units and risk managers to conduct and enhance risk assessments
> Maintain detailed risk metrics and dashboards that provide actionable insights to Bank senior leadership and the Banks' Board of Directors
> Partner with various internal teams to establish new risk management initiatives
> Independent review and challenge current risk assumptions, methodologies, and outcomes and recommend enhancements to improve effectiveness
> Stay abreast of regulatory changes and ensure the FRM's risk management practices comply with applicable laws and regulations
> Bachelor's degree or equivalent, ideally in Finance, Accounting, Economics, or a related field; advanced degree preferred
> 10+ years of experience in the Financial Services industry (Enterprise Risk Management, Regulatory, or Internal Audit background)
> Proven experience in enterprise risk management, risk assessments, risk identification, risk monitoring, risk appetite and risk metric reporting in a highly regulated environment
> Knowledge of regulatory requirements and industry best practices in risk management
> Strong understanding of risk management frameworks, methodologies, and best practice
> Excellent influencing, negotiating, and collaborating skills with the ability to build strong internal networks
> Strong oral/written communications skills with the ability to present to a wide range of stakeholders
> Problem-solving skills and attention to detail with the ability to work under pressure
Expected base pay rates for the role will be between $120,000 and $200,000 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, *** stereotype, gender, gender identity or expression, transgender, ****** 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).
EFCSP
💡 Quick Summary
Seeking a career-building opportunity? The Vice President| WM Risk US Banks |Risk Management position is now open for candidates interested in the Bank Jobs sector. This role in New York City 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 Bank Jobs is a plus.
