AVP U.S. Banks 1LOD Risk Governance Team Support - Morgan Stanley
Harrison, NY 10577
About the Job
Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions, and individuals around the world achieve their financial goals. We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 85 years. At our foundation are five core values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - that guide our more than 80,000 employees in 1,200 offices across 42 countries.
At Morgan Stanley, you'll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect, and cross-collaboration. Our firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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.
The 1LOD Bank Risk team supports the Banks' BUs by providing guidance across NFR stipes including 1LOG Risk Governance, Ops Risk, (including Third Party and Affiliate Management) Regulatory Affairs and Audit support, Model and Data Risk.
The 1LOD Risk Governance Team Support, AVP support role for 1LOD Risk Governance including quarterly HR dashboard creation, Risk Appetite Statement framework, and ongoing monitoring of compliance with RGF and Heightened Standards
Location Description - Preferred location Purchase, NY - open to 1 New York Plaza New York, NY if needed.
What you will do:
As a resource in the 1LOD Risk Governance Team key responsibilities include:
• Support the Committee Governance Framework execution & governance standards including periodic Policy and Procedure updates
• Support the creation of new governance frameworks
• Manage centralized SharePoint including updates & managing entitlements
• Execute framework adherence checks as per requirements
• Create and maintain committee documentation templates
• Collaborate with Committee Chairs and Secretaries to ensure compliance with Committee Standards
• Facilitate Committee Secretary touch points (at least quarterly).
• Overseeing charter maintenance and membership to align to Firm/Bank standards and comprehensive risk coverage
• Create & maintain annual calendar to support compliance w committee charters
• Support Committee Chairs & Secretaries to ensure information is cascaded and/or escalated as required
• Assist with the planning and managing of the Business Risk Management Committee which includes; managing agenda creation, maintaining a forward looking topics calendar, collaborating with content submitters, coordinating and reviewing materials, taking and publishing minutes, distributing final package to Reg Relations, maintaining the committee effectiveness tracker to ensure topics covered throughout the year align with committee responsibilities as outlined in the charter
• Maintain CILA control library for in scope committees as well as for the Risk Governance Team
• Support broader 1LOD efforts compiling information for IA, regulatory requests (audits/exams)
• Assist with creation and execution of new Change Management Forum
• Assist with other projects across the team as needed
• Create and execute reporting & presentations as needed using Microsoft Office suite of software including excel, PowerPoint, etc., to drive meaningful discussion, influence, provide transparency and share status
What you will bring:
• Minimum 3-6+ years of professional experience in financial services industry; preferably in risk management, finance, compliance, or audit.
• Bachelor's Degree in Finance, Accounting, Economics or 10+ years Banking experience (Preferred)
• At least 3+ years relevant experience in risk management, with focus on designing risk frameworks preferred
• Ability to work in a fast-paced, high-demand environment, both independently and as part of a team, under tight deadlines and with the ability to manage multiple priorities concurrently, efficiently, and effectively.
• Have an entrepreneurial spirit, operate with a strong sense of ownership and accountability. Ability to manage ambiguity, and bring focus with recommendations on solving tactical and strategic challenges.
• Strong organizational skills and attention to detail, strong analytical, quantitative, and investigative problem-solving abilities.
• Strong verbal and written communication skills. Ability to communicate upwards and downwards, act assertively and with tact on complex and sensitive issues. Clear and concise writing, drafting procedures, polices, memos. Capable of tailoring messaging and facilitating meetings across departments and levels.
• Strong interpersonal skills and relationship management, collaborative, able to negotiate and compromise. Freely develops networks, builds consensus, prioritizes effectively, and develops alliances across organizations. Interacting positively with colleagues regardless of title.
• Advanced PowerPoint skills and strong presentation skills, capable of presenting effectively to an internal audience across multiple seniority levels
• Project management and technical reporting skills
• Data Analytics -review & extract data for tracking & reporting. Experience with Tableau and other data visualization tools a plus.
• Willingness to learn and grow beyond existing scope of work
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.
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).
At Morgan Stanley, you'll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect, and cross-collaboration. Our firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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.
The 1LOD Bank Risk team supports the Banks' BUs by providing guidance across NFR stipes including 1LOG Risk Governance, Ops Risk, (including Third Party and Affiliate Management) Regulatory Affairs and Audit support, Model and Data Risk.
The 1LOD Risk Governance Team Support, AVP support role for 1LOD Risk Governance including quarterly HR dashboard creation, Risk Appetite Statement framework, and ongoing monitoring of compliance with RGF and Heightened Standards
Location Description - Preferred location Purchase, NY - open to 1 New York Plaza New York, NY if needed.
What you will do:
As a resource in the 1LOD Risk Governance Team key responsibilities include:
• Support the Committee Governance Framework execution & governance standards including periodic Policy and Procedure updates
• Support the creation of new governance frameworks
• Manage centralized SharePoint including updates & managing entitlements
• Execute framework adherence checks as per requirements
• Create and maintain committee documentation templates
• Collaborate with Committee Chairs and Secretaries to ensure compliance with Committee Standards
• Facilitate Committee Secretary touch points (at least quarterly).
• Overseeing charter maintenance and membership to align to Firm/Bank standards and comprehensive risk coverage
• Create & maintain annual calendar to support compliance w committee charters
• Support Committee Chairs & Secretaries to ensure information is cascaded and/or escalated as required
• Assist with the planning and managing of the Business Risk Management Committee which includes; managing agenda creation, maintaining a forward looking topics calendar, collaborating with content submitters, coordinating and reviewing materials, taking and publishing minutes, distributing final package to Reg Relations, maintaining the committee effectiveness tracker to ensure topics covered throughout the year align with committee responsibilities as outlined in the charter
• Maintain CILA control library for in scope committees as well as for the Risk Governance Team
• Support broader 1LOD efforts compiling information for IA, regulatory requests (audits/exams)
• Assist with creation and execution of new Change Management Forum
• Assist with other projects across the team as needed
• Create and execute reporting & presentations as needed using Microsoft Office suite of software including excel, PowerPoint, etc., to drive meaningful discussion, influence, provide transparency and share status
What you will bring:
• Minimum 3-6+ years of professional experience in financial services industry; preferably in risk management, finance, compliance, or audit.
• Bachelor's Degree in Finance, Accounting, Economics or 10+ years Banking experience (Preferred)
• At least 3+ years relevant experience in risk management, with focus on designing risk frameworks preferred
• Ability to work in a fast-paced, high-demand environment, both independently and as part of a team, under tight deadlines and with the ability to manage multiple priorities concurrently, efficiently, and effectively.
• Have an entrepreneurial spirit, operate with a strong sense of ownership and accountability. Ability to manage ambiguity, and bring focus with recommendations on solving tactical and strategic challenges.
• Strong organizational skills and attention to detail, strong analytical, quantitative, and investigative problem-solving abilities.
• Strong verbal and written communication skills. Ability to communicate upwards and downwards, act assertively and with tact on complex and sensitive issues. Clear and concise writing, drafting procedures, polices, memos. Capable of tailoring messaging and facilitating meetings across departments and levels.
• Strong interpersonal skills and relationship management, collaborative, able to negotiate and compromise. Freely develops networks, builds consensus, prioritizes effectively, and develops alliances across organizations. Interacting positively with colleagues regardless of title.
• Advanced PowerPoint skills and strong presentation skills, capable of presenting effectively to an internal audience across multiple seniority levels
• Project management and technical reporting skills
• Data Analytics -review & extract data for tracking & reporting. Experience with Tableau and other data visualization tools a plus.
• Willingness to learn and grow beyond existing scope of work
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.
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).
Source : Morgan Stanley