Wealth Management Operational Risk Coverage Professional

Background on the Position
The role will reside within Operational Risk Department. Operational Risk refers to the risk of financial or other loss or potential damage to a firms reputation resulting from inadequate or failed internal processes people systems or from external events (e.g. fraud legal and compliance risks or damage to physical assets). The Firm may incur operational risk across the full scope of its business activities including revenue-generating activities (e.g. sales and trading) and control groups (e.g. information technology and trade processing). This position directly supports a senior-level team in operational risk by providing analytical decision-making and presentation support.

The successful candidate will be responsible for developing and enhancing ORDs capabilities to oversee the investment and product risks associated with the provision of wealth management and banking product services through WMs almost 16000 Financial Advisors located in over 600 locations. Strong knowledge of financial products and wealth management services is essential to engage in constructive discussions about investment risks relative to a clients goals investing experience product knowledge and risk tolerance. Specific experience with surveillance tools and data analytics to extract risk insights is required to develop 2nd line risk monitoring and management tools and reports. As this role sits in the 2nd line Wealth Management Risk coverage organization a key enabler for success will be the ability to establish strong relationships across the organization while maintaining a healthy challenge with the business teams.

Primary Responsibilities

- Support the Independent Risk Management oversight for Wealth Managements Investment Solutions organizations including Advisory Services and Capital Markets.
- Establish maintain and execute the Operational Risk Management Oversight Framework.
- Identify risk issues in the business and perform reviews into such areas to identify gaps perform Deep Dives and recommend risk mitigations strategies.
- Establish appropriate metrics and analytical tools to support 2nd line oversight of Wealth Managements investment and product risk management to allow for ongoing monitoring escalation and decision making with advancements to set thresholds that require 2nd line approval.
- Provide ad-hoc monthly and quarterly risk reporting.
- Collaborate with business and risk control functions Experience Required

- 5 years experience in relevant operational risk roles.
- Extensive knowledge of financial products ideally wealth management product services.
-Detailed knowledge of operational risk management frameworks including loss data processes issue and remediation processes risk and control self-assessments and scenario analyses.
- Self- starter with ability to initiate plan and execute projects.
- Control mentality with an ability to anticipate unforeseen consequences.
- Strong verbal and written communication skills with confidence to challenge business where appropriate.
- An undergraduate degree (B.A. B.S. or equivalent)

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley we raise manage and allocate capital for our clients helping them reach their goals. We do it in a way thats differentiated and weve done that for 90 years. Our values - putting clients first doing the right thing leading with exceptional ideas committing to diversity and inclusion and giving back - arent just beliefs they guide the decisions we make every day to do whats best for our clients communities and more than 80000 employees in 1200 offices across 42 countries. At Morgan Stanley youll find an opportunity to work alongside the best and the brightest in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers fueled by their diverse backgrounds and experiences. 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. Theres also ample opportunity to move about the business for those who show passion and grit in their work.

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Expected base pay rates for the role will be between $80000 and $140000 per 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 is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion where individuals are hired developed and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate bringing a variety of backgrounds talents perspectives and experiences.

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