CS Risk, Client Segments, Vice President, Wealth Management

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.

Wealth Management - Client Segment Organization Overview

Morgan Stanley's Wealth Management business is one of the largest in the world with more than $6 trillion in client assets. The Client Segments (CS) Organization, within Morgan Stanley Wealth Management (MS WM), is comprised of various client channels, providing services to both individual and institutional Clients. Some of the services include Financial Management, Equity Stock Plans, Retirement Plans, Financial Wellness, Marketing, and Reinvestment. The teams focus on delivering timely, customized solutions and services that help Clients meet their financial, life, and organizational goals.

Team and Position Overview

Client Segment, Analytics and Data / Path To Advice Business Control Unit - Operational Risk, VP

This Client Segments Business Control Unit supports multiple the business lines which include but are not limited to Client Solutions Group, as well as WM Analytics and Data. The unit is a first line of defense risk function responsible for overseeing the operational risk and controls of Wealth Management's CS business unit. This team partners with business stakeholders, second and third lines of defense to assess and report on operational risks, implement control processes and procedures, manage audits and exams, oversee risk management of vendors, manage business continuity plans, provide timely issues and incidents remediation, and analyze and update NFR.

Role Primary Responsibilities :

The primary responsibilities for this role will be to support business lines and onshore resources with supporting risk management and oversight of activities.

In this risk focused role, a candidate will be required to :

• Enhance Operational Risk framework by engaging business partners to understand operational risk incidents and remediate as necessary, creating controls, providing updates to NFR, managing Business Continuity Plan deliverables (BCM) and other ad-hoc risk activities
• Collaborate with team and stakeholders to identify and assess automation opportunities using optimal solutions
• Analyze existing business processes and workflows, identify gaps, recommend optimizations, and assess feasibility for automation
• Provide support for internal audits, compliance exams and other areas of review
• Contribute to key strategic operational risk priorities performed within our Mumbai team, including transition planning, resource allocation, coordination, managing and training additional team members, and engagement with our BCU managers
• Manage dependencies, risk, and changes effectively by optimizing scope, schedule and resources
• Provide thought leadership and support on business processes and controls
• Partner with the business to develop policies and procedures affecting areas under coverage; working with risk leads and other business stakeholders, legal and risk to attain approvals
• Manage licensing / registration efforts, e-communication escalations review, mandatory vacation, entitlements, cash / non-cash compensation, etc.
• Assist with incident response, reviews, and reporting. Identify, review, and analyze past incidents
• Analyze risk data and provide insightful reports on strategic risk exposures
• Project Management support for presentation materials which may include data extraction, data analysis, creating charts, revising summary language, etc.
• Manage projects as needed and assigned; deliverables are often related to ad-hoc and unanticipated requests, so a successful candidate must be able to work in an environment with evolving priorities, making good decisions about prioritization, and communicating immediately where there are real risks to on-time delivery
• Collaborate and build effective working relationships with all levels of employees across the organization. Partner with second- and third-line control functions (Legal, Compliance, Audit, and Operational Risk Department) on an ongoing basis

Qualifications :

Knowledge, Skills, and Abilities :

Experience

Education

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.