AVP U.S. Banks Incident & Fraud Risk Manager

Morgan Stanley ("MS") is a global financial services firm that conducts its business through three principal business segments"”Institutional Securities Group (ISG), Global Wealth Management via Wealth Management (WM), and Asset Management. WM's network includes approximately 15,000 Financial Advisors with total client assets of over $1.5 trillion. WM provides comprehensive financial advice and services to its clients including brokerage, investment advisory, financial and wealth planning, credit and lending, deposits and cash management, annuities, insurance, retirement, and trust services. The U.S. Banks ("MSPBNA & MSBNA") provides cash management and lending products and services to WM and ISG clients. The U.S. Banks Incident & Fraud Risk Management Team is seeking an Assistant Vice President ("AVP") who will report to the U.S. Banks Incident & Fraud Risk Officer and will be responsible for owning first line of defense risk management activities related to incident management & fraud risk. This role will directly support and interact with the Banks' business lines and will engage with the Firm's Fraud Department who supports the U.S. Banks. The role will be based in Purchase, NY. Key Responsibilities: • Maintain metrics and reporting for senior management and committee presentations. Specifically, perform incident analysis to confirm incidents applicable to the bank and generate timely and accurate reporting to management and regulators. • Support Bank Risk governance forums and working groups to facilitate transparency / alignment across key operational risk areas. • Support first line operational/business risk program to assess, measure, monitor, mitigate, and educate at-risk business units regarding bank operational risk. • Participate in implementation of new processes and procedures as a result of regulatory changes and/or industry-detected events. • Partner with business units, legal, risk, and compliance teams to ensure business is conducted in accordance with applicable laws, rules, and regulations. • Collaborate with stakeholders and across all three lines of defense to confirm comprehensive and consistent practices are followed to allow for a successful oversight program that proactively manages and assesses operational risk. • Support U.S. Banks Business Units and Dedicated Business Risk Partners functions with both internal and external exams impacting those respective areas. • Aid in ensuring the Business Risk Program includes elements to identify measure, monitor, control, and report on the current and emerging risks and mitigating control environment in accordance with regulatory requirements and guidelines. • Perform incident reviews to identify control / process vulnerabilities and partner with various stakeholders to assess potential strategic / tactical remediation opportunities. Skills Required: •Bachelor's degree in business management, finance, or other related field. •Minimum 3-5 years of professional experience in financial services industry; preferably in operational risk management, internal audit, compliance, or operations. •Demonstrate an understanding of various risk management frameworks and requirements. •Strong at identifying key control points and providing an assessment. •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. •Attention to detail, strong analytical, quantitative, and investigative problem-solving abilities; with the ability to make actionable recommendations. •Strong interpersonal, verbal, and written communication skills; capable of writing documentation, training users in complex topics, making presentations to an internal audience, and interacting positively with management, colleagues, and clients. •Strong proficiency with data analytic platforms, specifically Tableau. •Strong proficiency with Microsoft Office products, specifically Excel and PowerPoint. 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. 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. Job: *Risk Management Title: *AVP U.S. Banks Incident & Fraud Risk Manager * Location: New York-New York Requisition ID: Other Locations: Americas-United States of America-New York-Purchase

Created: 2024-11-05