Morgan Stanley

3rd Party Risk Resilience Lead - Investment Management - Vice President

Morgan Stanley$150K — $225K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Minimum of 10 years of experience in third-party risk management or operational resilience, preferably in financial services.
  • Proven leadership experience in managing teams or cross-functional programs.
  • Strong knowledge of third-party risk lifecycle, criticality assessment, and issue management.
  • Ability to translate complex policies into actionable business requirements.
  • Excellent relationship management skills for cross-departmental collaboration and influence.
  • Strong analytical skills and experience in audit or compliance activities preferred.
  • Familiarity with vendor risk management tools like iShield and TAI.

Responsibilities

  • Lead the Third-Party Risk and Resilience team, managing governance, reporting, and stakeholder engagement.
  • Set priorities and ensure timely delivery of team objectives to meet firm standards.
  • Enhance the operating model for third-party risk and resilience with clear roles and escalation paths.
  • Serve as the main contact for third-party risk matters, collaborating with various internal stakeholders.
  • Oversee governance throughout the third-party lifecycle, from service selection to offboarding.
  • Ensure vendor management activities are executed effectively alongside Service Owners.
  • Develop and govern Resilience Plans for critical third-party services, managing their lifecycle.

Benefits

  • Opportunity to lead a high-impact function within a prestigious financial institution.
  • Collaborative work environment with diverse stakeholders across the firm.
  • Professional development opportunities in a dynamic industry.
  • Access to cutting-edge vendor risk management tools and technologies.
  • Engagement in strategic decision-making processes impacting operational resilience.
Full Job Description

Morgan Stanley Investment Management (MSIM) is seeking an experienced Vice President / Executive Director to lead its Third-Party Risk and Resilience function. This individual will oversee MSIM's compliance with Firm third-party risk management policies, procedures, and standards, as well as resilience obligations, while driving strong partnership and collaboration across business, technology, operations, and Firmwide stakeholder groups.

The Third-Party Risk & Resilience Lead will direct third-party risk and resilience oversight for MSIM, with particular focus on third-party services which support critical business processes, outsourcing arrangements, third-party incidents, regulatory-driven initiatives, and remediation of control gaps. The role is accountable for ensuring appropriate governance, documentation, testing, reporting, escalation, evidence, and issue closure across all third-party risk and resilience obligations.

The successful candidate will lead a team responsible for executing third-party risk program requirements and resilience obligations, delivering first-line governance across the full third-party lifecycle including risk assessment, ongoing monitoring, issue management, resilience planning, testing, governance, and reporting. Candidates should bring at least 10 years of relevant experience, with a demonstrated ability to lead a function, manage competing priorities across a team, influence within a matrixed organization, provide credible challenge, and drive execution through a practical, collaborative approach.

Key Responsibilities

Leadership & Operating Model

  • Lead the MSIM Third-Party Risk and Resilience function, including management of a team responsible for governance, reporting, issue management, Contingency and Exit Plan (CP/EP) execution, testing coordination, and stakeholder engagement.
  • Set priorities, allocate work, and oversee deliverables to ensure the team meets Firm requirements and MSIM business needs on time and to a consistent standard.
  • Support enhancement of the MSIM third-party risk and resilience operating model, including roles and responsibilities, escalation paths, reporting standards, and evidence expectations.
  • Serve as MSIM's lead point of contact for third-party risk and resilience matters, partnering closely with Service Owners, Third-Party Program Management, Operational Risk, Business Unit Risk Officers (BUROs), Legal, Compliance, and other Firm stakeholders.

Third-Party Lifecycle Governance

  • Oversee governance across the full third-party risk lifecycle including service selection, due diligence, inherent risk assessment, criticality determination, ongoing monitoring, issue remediation, risk acceptance, termination, and offboarding.
  • Partner with Service Owners to ensure execution of required vendor management activities, including service validations, meeting minutes, training, and ongoing monitoring.
  • Review and approve new or modified service records and criticality ratings where required; support accurate maintenance of firm tooling including iShield, Third-Party Application Inventory (TAI), Service Provider Risk Level (SPRL), and related resilience data sources.

Resilience & Contingency Planning

  • Own the creation, maintenance, and ongoing governance of Resilience Plans for critical or regulatory in-scope third-party services which includes Contingency Plans (CPs) for temporary provider disruptions and Exit Plans (EPs) for permanent provider transitions.
  • Manage the end-to-end CP/EP lifecycle, including refreshes, approvals, evidence collection, and testing coordination, while evaluating plan quality and associated risk.
  • Lead operational mapping and dependency identification across critical third-party services, documenting dependencies among business processes, applications, vendors, data flows, recovery requirements, and exit strategies.
  • Lead incident preparedness for critical third-party services, including documented response actions for vendor failure scenarios and Incident Management Playbooks where no viable workaround exists.

Reporting & Escalation

  • Develop senior management reporting, including metrics, dashboards, Key Risk Indicators (KRIs), issue summaries, CP/EP status, and testing outcomes; present material issues, plan gaps, and remediation status to governance committees as required.
  • Track, escalate, and drive remediation of third-party issues, findings, overdue actions, and control or resilience gaps including failed or partially effective tests through closure.

Qualifications

  • Minimum of 10 years of relevant experience in third-party risk management, operational resilience, operational risk, business controls, vendor management, outsourcing governance, business continuity, or a related discipline. Financial services experience required; asset management experience preferred.
  • Experience leading a function, team, or cross-functional program, including setting priorities, managing deliverables, and driving accountability.
  • Strong understanding of third-party risk lifecycle management, operational resilience, criticality assessment, issue management, risk acceptance, operational mapping, incident preparedness, and testing governance.
  • Ability to interpret policies, procedures, standards, and expectations, and translate them into practical business requirements.
  • Strong relationship management skills, with the ability to partner across business, risk, control, technology, operations, and Firmwide teams; influence without direct authority; and provide credible challenge.
  • Strong analytical and written communication skills; experience supporting audit, compliance review, or management review activity preferred.
  • Experience with vendor risk management tools and resilience data sources preferred, including iShield, TAI, and SPRL.

About Morgan Stanley

Morgan Stanley Investment Management are active managers of capital, working to outperform the market and deliver results for their clients. Morgan Stanley Investment Management's long-tenured professionals apply their experience and expertise across public and private markets, in single-sector, multi-asset and custom solutions.

Morgan Stanley Careers

Joining Morgan Stanley today means becoming part of a global team dedicated to strengthening communities, pioneering innovation, and fostering diversity. As a leading global financial services firm, Morgan Stanley offers unparalleled job opportunities, career growth, and a culture of leadership that together create an exceptional employment experience. Work You’ll Do At Morgan Stanley, you will collaborate with knowledgeable professionals to drive innovation and deliver solutions in financial services. Our team is composed of diverse, talented individuals who bring their unique skills and perspectives to work every day, setting the standard for leadership in the global market. Morgan Stanley is not just a company; it's a place where ambitious, creative, and skilled individuals can build a rewarding career. Here, you can experience the benefits of a vibrant culture dedicated to professional growth and diversity training. Internship Programs Kickstart your career with Morgan Stanley’s internship programs. These positions offer invaluable industry insights and professional experience to students and recent graduates. Interns at Morgan Stanley gain hands-on experience, working alongside seasoned experts in a dynamic, supportive environment. Innovation and Professional Growth We believe in the power of innovation to solve complex problems and encourage our team to think differently and act boldly. Morgan Stanley supports your career development through comprehensive training, development programs, and leadership workshops, ensuring that every employee has the tools they need to succeed. Join Our Team Explore the various job opportunities at Morgan Stanley, from entry-level positions to executive roles. We are hiring individuals who are passionate about finance and eager to contribute to a team that values integrity, excellence, and a forward-thinking mindset. Enhance your skills through our networking events, mentorship opportunities, and ongoing professional development. Stay Connected Keep up to date with the latest from Morgan Stanley Careers by subscribing to our job alert emails. Tailor your preferences to receive updates about new postings, career tips, and exclusive insights from our team leaders. Apply Now Ready to take the next step in your career? Search open positions that match your skills and interests on the Morgan Stanley Jobs portal. Prepare your resume, refine your interview techniques, and join a company that values innovation and leadership. At Morgan Stanley, we’re not just building careers—we’re developing leaders. Discover how far your talents can take you by joining our team today.
Learn more about Morgan Stanley
Size
77,000 employees
Market Cap
$144.1 billion
Industry
Net Income
$10.9 billion
Founded
1935
5 Year Trend
+10%
Revenue
$52 billion
NASDAQ

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