Associate, Data Risk

Firm Risk ManagementFirm 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, model, and other risks.Background on the PositionThe role will reside within the Morgan Stanley Risk Data team within the Firm Risk Management Division. Risk Data is responsible for the development and promotion of data standards, governance, and monitoring of the Risk Data Domains adherence with the Global Data Quality Policy and the BCBS 239 Governance Framework.Risk Data seeks an Associate to join the Risk Data team based in New York. The selected candidate will be part of a team focused on partnering with Risk Domains to develop and drive strategic solutions to implement BCBS 239 components, process efficiency, and strengthen data governance across the Firms Risk. This includes developing the procedures, processes, and guiding the Risk Domains in their support of initiatives related to their adherence with BCBS 239 principles and the Global Data Quality Policy.Primary ResponsibilitiesFacilitate and implement cross-Risk projects successfully by ensuring scope, timeliness, and requirements are met and in accordance with BCBS 239 principlesDevelop the procedure and processes to implement BCBS 239 components, including Critical Reports, Time of Stress, EUC, Manual ProcessCo-ordinate and partner with Risk domain leads to prepare and support implementation of BCBS 239 componentsImplement governance process to ensure framework standards are met across Risk Domain, Functional Areas, and Legal EntitiesProvide business analysis/process improvement support, including designing/documenting process flows, and identifying efficiency opportunitiesPerform detailed analysis on datasets to identify solutionsEnsure key risks and issues are identified, documented, mitigated, and communicated to the appropriate stakeholders in a timely manner.Co-ordinate and prepare BCBS 239 materials for various senior management committees and forumsQualificationsPossess Bachelors degree or a related discipline3+ years of work experience in the financial services industry preferably in risk management, or equivalent experienceKnowledge and exposure to US and EMEA financial regulations including BCBS 239 is preferredKnowledge of implementation of risk management policies, frameworks, and procedures; BCBS 239 knowledge is preferredStrong attention to detail, problem-solving skills, and ability to provide information in usable formatsAbility to effectively communicate with a wide range of stakeholders, both written and verballySelf-motivated to develop expertise in risk management practiceAbility to run meetings with multiple stakeholders and business areasStrong collaboration, relationship building and teamwork skillsProficiency in Microsoft Office programs (Word, Excel, PowerPoint)

Created: 2025-02-27