Talent.com
Operational Risk Team Lead and Third Party Resilience, U.S. Banks, Vice President, Wealth Management
Operational Risk Team Lead and Third Party Resilience, U.S. Banks, Vice President, Wealth ManagementConfidential • Mumbai, India
Operational Risk Team Lead and Third Party Resilience, U.S. Banks, Vice President, Wealth Management

Operational Risk Team Lead and Third Party Resilience, U.S. Banks, Vice President, Wealth Management

Confidential • Mumbai, India
27 days ago
Job description

Morgan Stanley is a global financial services firm that conducts its business through three principal business segments—Institutional Securities, Wealth Management, and Asset Management. The Third-Party Resilience Vice President position is with Morgan Stanley Bank, NA and Morgan Stanley Private Bank, National Association (U.S. Banks') supporting the U.S. Banks' Resilience and U.S. Banks' Vendor Management Teams.

The U.S. Banks' Resilience and U.S. Banks' Vendor Teams have a key requirement to fill a Third-Party Resilience position working with the existing North America team. The role will support Contingency Planning and Exit Planning efforts, Cloud Resilience and Banks' Governance within the U.S. Banks Vendor Management Team. These teams focus on driving continued enhancement to the Banks' risk management and mitigating standard, to ensure the impact of potentially disruptive incidents, particularly in the space of external third-party service providers, can be responded to promptly in alignment with Business Unit objectives and regulatory expectations.

This U.S. Bank's Resiliency manager will also be responsible for the management of the Operational risk teams offshore. We seek a Vice President ('VP') to join the Operational Risk team in Mumbai to lead all the functions within Operational Risk.

Key Responsibilities Include

Operational Risk Lead

  • Manage a team of FTEs across various Operational Risk functions
  • Manage team's personal development, oversee production, oversee deliverables are on time and at high level of quality, and provide timely feedback
  • Manage escalations, and show a strong inclination towards problem solving and innovation
  • Contribute to production and recognize proper delegation, setting of department goals, work on efficiency projects to increase production and create efficient workflows and processes
  • Ensure staff receive appropriate training & development, assist in developing training plans & provide coaching where necessary.

Contingency Planning

  • Conduct quality assurance reviews of contingency plans for Banks-impacting third party services, in alignment with Banks-specific requirements.
  • Participate in the end-to-end process for tabletops, including design, development, testing exercise, after action review, and post-test remediation.
  • Assist in maintaining and managing Banks-impacting population of services, in collaboration with Firm Third Party Resilience.
  • Exit Planning

  • Conduct quality assurance reviews of contingency plans for Banks-impacting third party services, in alignment with Banks-specific requirements.
  • Participate in the end-to-end process for tabletops, including design, development, testing exercise, after action review, and post-test remediation
  • Assist in maintaining and managing Banks-impacting population of services, in collaboration with Firm Third Party Resilience.
  • Cloud Resilience

  • Review and provide input to Firmwide Cloud strategy.
  • Identify and evaluate third party Cloud services for enhanced oversight.
  • Analyze key risk indicators (KRIs) for third party Cloud resilience.
  • Participate in Third Party Cloud risk assessment quality assurance reviews conducted by Vendor Management team.
  • Banks Governance

  • Support U.S. Banks Resilience and U.S. Banks Vendor Management teams in weekly, monthly, and quarterly reporting and / or escalations to committees and sub-committees.
  • Actively support in the development, implementation, training, refinement, and sustainability of the teams' governance frameworks.
  • Ensure appropriate governance of policies and procedures, and the U.S. Bank's Framework adherence to key regulatory requirements.
  • Required Skills And Qualifications

  • Manage a team of 10 FTEs across various operational risk functions
  • Bachelor's Degree with over 10+ years of experience leading Non-Financial Risk team in Risk management, Finance, Legal / compliance, or Audit is highly preferred.
  • 5+ years of relevant experience in risk management in the financial services industry. Experience specific to third party risk management and / or business continuity planning / management is a plus.
  • Strong understanding of existing and emerging regulatory requirements on the financial sector regarding Third Party Risk Management and Business Continuity / Operational Resilience.
  • Strong facilitation, communication, presentation skills, and interpersonal skills; freely develops networks, builds consensus, prioritizes effectively, and develops alliances across organizations.
  • Ability to think critically, assess situations under pressure and drive group decision making.
  • Strong sense of ownership and accountability.
  • Strong project management, organization, communication, and analytical skills.
  • Ability to work in a fast-paced environment, both independently and as part of a team, and under strict deadlines.
  • Must be an excellent communicator (both oral and written communication) with outstanding listening skills.
  • Strong Excel, PowerPoint, and Word skills.
  • 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 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll 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. There's also ample opportunity to move about the business for those who show passion and grit in their work.

    To learn more about our offices across the globe, please copy and paste https : / / www.morganstanley.com / about-us / global-offices into your browser.

    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.

    Skills Required

    Word, Contingency Planning, Project Management, Third Party Risk Management, Powerpoint, Business Continuity Planning, Excel

    Create a job alert for this search

    Risk Operational Risk • Mumbai, India

    Related jobs
    Senior Associate - Operational Risk - Fixed Income Division

    Senior Associate - Operational Risk - Fixed Income Division

    Morgan Stanley • Mumbai, India
    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 ...Show more
    Last updated: 30+ days ago • Promoted
    Risk Analytics (IRB Credit Rating Model), Director, Firm Risk Management)

    Risk Analytics (IRB Credit Rating Model), Director, Firm Risk Management)

    Morgan Stanley • Mumbai, India
    IRB credit Rating Model - Director.We're seeking someone to join our team as a Director in Risk Analytics (IRB Credit Rating Model) team. In the Firm Risk Management division, we advise businesses a...Show more
    Last updated: 30+ days ago • Promoted
    Natobotics - Vice President - Principal Risk & Control Specialist - Investment Banking Sector

    Natobotics - Vice President - Principal Risk & Control Specialist - Investment Banking Sector

    Natobotics • Mumbai, India
    Position : Vice President Principal Risk & Control Specialist Experience : Minimum 12 Years Work Level : ...Show more
    Last updated: 30+ days ago • Promoted
    Lead - Operational Risk Management

    Lead - Operational Risk Management

    Magma General Insurance Limited • Mumbai Metropolitan Region, India
    Chartered Accountant / MBA (Finance) – Preferred but not necessary.Lead and coach team members in risk identification, risk assessment / evaluation and risk treatment approaches.Initiate and develop ...Show more
    Last updated: 5 days ago • Promoted
    Risk Lead – Proprietary Trading

    Risk Lead – Proprietary Trading

    Nuvama Group • Mumbai, Maharashtra, India
    Risk Lead – Proprietary Trading.Listed derivatives (index & single-stock options), OTC exotics / structured products, Equity and Debt. The role is for a desk that is being setup.Candidate will be key ...Show more
    Last updated: 23 days ago • Promoted
    Risk Management - Financing Risk - Associate

    Risk Management - Financing Risk - Associate

    Nomura • Mumbai, Maharashtra, India
    Nomura is a global financial services group with an integrated network spanning approximately 30 countries and regions.By connecting markets East & West, Nomura services the needs of individuals, i...Show more
    Last updated: 11 days ago • Promoted
    Risk Reporting, Director, Firm Risk Management

    Risk Reporting, Director, Firm Risk Management

    Morgan Stanley • Mumbai, India
    We're seeking someone to join our team as a Director in the Risk Reporting team.In the Firm Risk Management division, we advise businesses across the Firm on risk mitigation strategies, develop too...Show more
    Last updated: 18 days ago • Promoted
    Affiliate Risk Oversight, US Banks, Associate, Wealth Management

    Affiliate Risk Oversight, US Banks, Associate, Wealth Management

    Morgan Stanley • Mumbai, India
    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 ...Show more
    Last updated: 11 days ago • Promoted
    Risk Management - Risk Methodology – Vice President

    Risk Management - Risk Methodology – Vice President

    Nomura • Mumbai, Maharashtra, India
    Nomura is a global financial services group with an integrated network spanning approximately 30 countries and regions.By connecting markets East & West, Nomura services the needs of individuals, i...Show more
    Last updated: 11 days ago • Promoted
    Liquidity Risk, Vice President, Firm Risk Management

    Liquidity Risk, Vice President, Firm Risk Management

    Morgan Stanley • Mumbai, India
    We're seeking someone to join our team as a Vice President in Liquidity Risk team.In the Firm Risk Management division, we advise businesses across the Firm on risk mitigation strategies, develop t...Show more
    Last updated: 9 days ago • Promoted
    TPRM, RQ Onboarding - Team Lead

    TPRM, RQ Onboarding - Team Lead

    State Street Corporation • Mumbai, India
    State Street uses third parties to support internal processes and in the delivery of certain products and services to clients. These third parties are evaluated and risk assessed through our Third-P...Show more
    Last updated: 18 days ago • Promoted
    JP Morgan Chase - Associate - Compliance & Operations Risk Test Lead

    JP Morgan Chase - Associate - Compliance & Operations Risk Test Lead

    JP Morgan Chase • Mumbai, India
    Description : Join our dynamic team to navigate complex risk landscapes and fortify technology governance, making a pivotal impact in our firm's robust risk strategy. As a Compliance and Operati...Show more
    Last updated: 30+ days ago • Promoted
    Credit Risk Analytics, Associate, Firm Risk Management

    Credit Risk Analytics, Associate, Firm Risk Management

    Morgan Stanley • Mumbai, India
    Credit Risk Analytics - Associate.We're seeking someone to join our team as an Associate in Credit Risk Analytics team.In the Firm Risk Management division, we advise businesses across the Firm on ...Show more
    Last updated: 30+ days ago • Promoted
    CS Risk, Client Segments, Vice President, Wealth Management

    CS Risk, Client Segments, Vice President, Wealth Management

    Morgan Stanley • Mumbai, India
    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 ...Show more
    Last updated: 18 days ago • Promoted
    Electronic Trading Risk Management (ETRM) Analytics_ Vice President _ Institutional Equity Division

    Electronic Trading Risk Management (ETRM) Analytics_ Vice President _ Institutional Equity Division

    Morgan Stanley • Mumbai, India
    We're seeking someone to join our team a s a Electronic Trading Risk Management (ETRM) Analytics Vice President.Mor g an Sta n ley is a lea d ing global fi n anc i al s e rv ic es firm prov i ding ...Show more
    Last updated: 4 days ago • Promoted
    Vendor Risk, WM Risk, Director, Wealth Management

    Vendor Risk, WM Risk, Director, Wealth Management

    Morgan Stanley • Mumbai, India
    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 ...Show more
    Last updated: 30+ days ago • Promoted
    Market Risk Analytics, Associate, Firm Risk Management

    Market Risk Analytics, Associate, Firm Risk Management

    Morgan Stanley • Mumbai, India
    We're seeking someone to join our team as an Associate in Market Risk Analytics team.In the Firm Risk Management division, we advise businesses across the Firm on risk mitigation strategies, develo...Show more
    Last updated: 30+ days ago • Promoted
    Process Excellence Lead ( Risk / Change Management)

    Process Excellence Lead ( Risk / Change Management)

    Innodata Inc. • Mumbai, IN
    Qualifications and Requirements.Bachelor’s degree in Business Administration, Engineering, Operations Management, or related field required. Master’s degree or MBA preferred.Lean Six Sigma Black Bel...Show more
    Last updated: 23 days ago • Promoted