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 Analyst/Associate position is with Morgan Stanley Bank, NA and Morgan Stanley Private Bank, National Association (US Banks) on the US Banks Vendor Program Management Team.
Summary
The Vendor Program Management Assistant Vice President position is responsible for supporting the US Banks Vendor Program Management Office and reports into a Bank Vendor Program Management Officer. The program’s framework consists of the following areas of responsibility:
• Actively support in the development, implementation, training, refinement and sustainability of a vendor governance framework, including cloud
• Advise Business Units and other stakeholders in their due diligence assessments and activate the relevant downstream subject matter experts to assess risk mitigation
• Monitor vendor risks on a continuous basis and produce reporting and escalate elevated risks
• Assist with day-to-day support for the Bank’s direct and indirect vendors, including the vendor lifecycle from on-boarding, contract reviews, periodic monitoring, risk assessments, expense management and termination
• Ensure appropriate governance of policies and procedures, and the US Bank’s framework adherence to key Office of the Comptroller of the Currency (OCC) and FFIEC regulatory requirements
• Support the Vendor Program Manager Officers in weekly, monthly, and quarterly Committees and Sub-Committees related to the Affiliate and Third Party Vendor Management Programs
• Forge relationships across senior leadership of the Bank, cross-divisions, including Information Technology, Legal & Compliance, Operations, Finance, etc.
This role will be located at our New York Plaza location and will require in office attendance 3 days/week, where you will be in the office with your teammates to learn, grow, and collaborate in person.
Required Skills:
• Bachelor’s degree in Finance, Business or other related field
• 3-5 years of relevant experience in risk management, documentation and governance in the financial services industry is a plus
• Familiar with Information Technology risks in general and Cloud technologies specifically (SaaS, PaaS, IaaS, Public & Private Cloud)
• Demonstrate a basic understanding of various compliance and regulatory areas (e.g. FFIEC, NIST)
• Strong sense of ownership, accountability, and entrepreneurial spirit
• Strong project management, organization, communication, and analytical skills
• Ability to manage ambiguity and bring focus with recommendations on solving tactical and strategic challenges
• Ability to work in a fast paced environment, both independently and as part of a team, and under strict deadlines
• Strong at identifying key control points within a process, and then provide assessment of the preventative and detective controls
• Strong interpersonal skills - freely develops networks, builds consensus, prioritizes effectively, and develops alliances across organizations
• Strong written and oral communication skills will be important for this role as effective communication of our role to IT, the business units, regulators, and our vendors is critical
Expected base pay rates for the role will be between $80,000 and $125,000 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.
*Expanded legislation requires that roles that sit in other state locations, but report to a manager in NY, must have the above language included in postings with the pay scale reflective appropriately to the location where the role will be sitting.
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).