Firm Risk Management
Firm Risk Management (FRM) supports Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, operational, strategic, and other risks.
Background on the Position
The role will reside within the Wealth Management (WM) and U.S. Banks Risk Department, which provides enterprise risk management support across several key functions that include governance, reporting, strategic projects/initiatives, and business management.
The COO team is responsible for managing key Enterprise Risk initiatives as well as the day-to-day operation of the Wealth Management and U.S. Banks Risk Department.
Primary Responsibilities:
The role offers an opportunity to work closely with stakeholders across Firm Risk Management, Wealth Management and other stakeholders that support the U.S. Banks. Key responsibilities include:- Execute Risk Management activities including coordinating the New Product Approval Process- Project manage department owned remediation plans and report finding to senior management- Own department headcount reporting and coordinate cross functional FRM support for WM & U.S Banks- Coordinate the department's budget planning for technology initiatives and coordinate cross functionally- Establish and maintain relationships with key stakeholders across the organization, influencing and building consensus- Coordinate and deliver on ad-hoc requests, including creating presentations for senior management and regulators
Experience- Bachelor's Degree required- 8 plus years of experience in global and complex settings with multiple stakeholders- Experience presenting and messaging to senior bank officers- Excellent communication skills, both verbal and written; ability to produce concise and effective presentations- Enterprise Risk Management experience required- Business Management/COO/Project Management experience a Plus- Self-starter who can work independently and with very limited supervision- High proficiency in Microsoft Word, PowerPoint, and Excel
Expected base pay rates for the role will be between $110,000 and $190,000 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).
Job: *WM Risk
Title: FRM Enterprise Risk Management - Vice President
Location: New York-New York
Requisition ID: 3246065