Employee Conduct Risk & Wealth Management Administration Business Control Unit - AVP at Morgan Stanley

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 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.Client Segments Organization, within Morgan Stanley Wealth Management, 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.Position SummaryThe Client Segment Risk (CSR) Business Control Unit (BCU) Team is a first line of defense function responsible for overseeing the operational risks and controls of Wealth Managements Client Segments business units. 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 vendor risks, manage business continuity plans, and conduct the annual Risk and Control Self-Assessment (RCSA).The CSR Centralized BCU Team acts as a shared / utility function supporting all Client Segment Business Units, select MS Wealth Management functions The team is looking for a dynamic individual to support the Client Segments organization as well as WM Administration (WM Admin) teams This position is responsible for risk management and oversight of activities including, but not limited to, employee conduct risk assessment and mitigation, data management, communications, reporting, as well as RCSA and Biz Continuity ManagementResponsibilities IncludeThe primary responsibilities for the Employee Conduct Risk & Wealth Management Administration Business Control Unit - Assistant Vice President will be to provide CSR Centralized BCU governance risk coverage for the WM Admin teams and the Employee Conduct Risk (ECR) management with a focus on mitigating risk and improving the control environment. In this governance risk focused role, a candidate will be required to: Support the overall management and oversight of the ECR program for selected business units, such as: Actively lead projects/initiatives to establish and maintain strong employee risk processes and support appropriate employee risk governance using project management best practices (e.g., establishing operational oversight for MSAW OSJ/Branch offices and expansion of the ECR centralized oversight across additional selected business units within Client Segments including Field) 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 Manage risk framework related components for WM Admin areas, such as: Ensure issues and action plans (remediations) are adequately completed and on target Engage business partners to understand operational risk incidents and remediate as necessary Act as a focal point for internal audits, compliance exams and other areas of review/exams. Own day-to-day tasks associated with both internal stakeholders and internal and external auditors. Support Risk and Control Self-Assessment (RCSA) process and identify risks and controls on an on-going basis Assist with Business Continuity Plan deliverables (BCM)Manage assigned offshore resources including, but not limited to, on-going oversight, training and procedures 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 Identify potential risk exposure, investigate issues, propose solutions, and resolve matters across multiple collaborators Propose new or enhanced program processes, develop process documentation, and roll out to partner teams Assist with ad hoc data reconciliation, presentation decks; or clean-up as requested 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 Knowledge, Skills, And AbilitiesStrong data analytical skills required, with proficiency in PowerPoint and Excel Effective written and verbal communications skills Ability to thoroughly investigate issues and trends with a focused attention to detail in order to provide comprehensive solutions and remedies Strong management and organizational skills - ability to multitask, prioritize, and work under tight deadlines will be key in balancing daily deliverables and strategic projects Understanding and/or aptitude to learn about the regulatory rules that govern the conduct of Financial Advisors, investment products, portfolio advisory platforms, and banking services Thrives in a fast-paced environment and takes ownership of their responsibilities to ensure partner success and satisfaction Technically proficient and comfortable learning new programs/systems. Experience 5-7 years experience supporting corporate business processes/programs Experience with risk or compliance a plusEducation Bachelors/MBA degree or equivalent work experience 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, sex stereotype, gender, gender identity or expression, transgender, sexual 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).Expected base pay rates for the role will be between 85,000 and 135,000 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.Posting DateNov 27, 2024Primary LocationAmericas-United States of America-New York-PurchaseOther LocationsAmericas-United States of America-Georgia-AlpharettaEducation LevelBachelor's DegreeJobWealth ManagementEmployment TypeFull TimeJob LevelAssistant Vice President