Morgan Stanley

Risk Officer - Vice President

Morgan Stanley • $130K — $180K *
Purchase, NY 10577In-Person
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • 5+ years of experience in risk management or related brokerage processes in finance.
  • Preferred industry certifications such as Series 3, 4, 7, 24, or 66.
  • Knowledge of financial regulations like FFIEC, FED, OCC, FINRA related to Operational Risk is preferred.
  • Bachelor's degree or equivalent experience in the financial industry is preferred.
  • Strong problem-solving, project management, and analytical skills.

Responsibilities

  • Provide risk support and coverage for Wealth Management Platforms.
  • Implement and maintain oversight to ensure compliance with policies and regulations.
  • Manage the Non-Financial Risk Assessment (NFRA) process and ensure timely execution of deliverables.
  • Identify Management Self-Identified Issues (MSIs) and create actionable plans.
  • Conduct incident remediation and evaluate gaps in policies for improvements.
  • Collaborate with stakeholders to update and document policies and procedures.
  • Prepare presentations and metrics to communicate risk data to stakeholders.

Benefits

  • Access to continuing education and professional development opportunities.
  • Opportunities for career advancement within the organization.
  • Comprehensive health and wellness programs.
  • Flexible work arrangements including remote options.
Full Job Description
Risk Officer - VP

Purchase, NY

Summary:

The Wealth Management Platforms organization manages industry-leading platforms across all Wealth Management channels and client segments to provide a unified digital experience, unlock growth and deliver efficiencies for Advisors, Clients and Institutions.

The Business Control Unit (BCU) within Wealth Management Platforms Risk has core responsibilities including, but not limited to, operational risk management, incident management, risk acceptances, risk and control self-assessment via the Non-Financial Risk Assessment (NFRA) framework, policy and procedures coordination, issue and action plan management, audit and Compliance exam preparation and management, licensing and registration review, committee and/or new product approval materials coordination, business continuity planning (BCP) coordination, and entitlements management.

The Team partners and supports businesses managing platforms which include:

  • WM Platforms Risk - ET Lending Product Management, ET Margin & Futures Risk Management, ET Order Room, ET Agency Desk, ET Workflow Product Mgmt, and WM Platforms Risk Mgmt
  • WM Platforms Digital Trading & Investing - Trading Product Management (ET/MSO), Power ET Web & Mobile Product Management, ET Investing Product Management, ET Market Data Management, ET Futures Product, ET Crypto Product


This role in the WM Platforms Risk BCU will primarily be responsible for the following:

  • Provide overall Risk support and coverage for WM Platforms.
  • Help implement and maintain oversight and control infrastructure to reasonably ensure that the line of business is operating within Policies and Procedures and adhering to applicable regulatory rules and standards.
  • Manage, coordinate and maintain Non-Financial Risk Assessment (NFRA) annual process, and ensure NFRA deliverables are execution is appropriate and timely. Maintain, identify, and/or enhance business process risks and controls documentation.
  • Assist in identification of Management Self-Identified Issues (MSIs), and design & deliver appropriate Action Plans.
  • Assist with appropriate Incident remediation; conduct evaluation/assessments of business area to identify gaps in policies and procedures and recommend potential process and control improvements.
  • Partner with product/business owners as well as Legal, Risk and Compliance to help develop, document, and update policies and procedures.
  • Work with the Internal Audit / Compliance department and business leads through periodic assessments; help ensure delivery and understanding of materials / processes; analysis of issues, findings and deliverables to ensure they are appropriate.
  • Partner with product / business owners and Firm Resiliency department to help develop and maintain effective continuity plans.
  • Prepare presentations, metrics, reports and Key Risk Indicators (KRIs) to present informative data to the business and other relevant stakeholders.
  • Participate in the development and execution of a comprehensive entitlement and governance framework, as necessary, to ensure protection of, and justification for systems access.
  • Collaborate with control partners across areas including, but not limited to: WM Risk, Internal Audit, Legal, Compliance Privacy, Vendor Management, Chief Data Office, Fraud, Operations, Model Management, Technology Risk, and Generative AI Governance, as needed.
  • Partner with the businesses to maintain and document reviews and attestations related to: Vendor Management, Licensing & Registration, Tools/EUCs, Models, and Tools inventories per Firm guidelines.


Education and/or Experience
  • 5+ years' experience in risk management and/or related brokerage business processes within the financial industry.
  • Industry certification preferred (i.e. Series 3, 4, 7, 24 or 66), or related industry governance experience.
  • Knowledge of financial regulations (FFIEC, FED, OCC, FINRA) pertaining to Operational Risk preferred.
  • Bachelor's degree or related financial industry experience preferred.


Skills
  • High level of professionalism, self-motivation, and a strong sense of urgency.
  • Ability to manage effectively and work closely with business leaders in a high pressure, fast paced, highly collaborative environment with multiple deadlines and competing priorities.
  • Solid business judgment and ability to understand and prioritize business obligations
  • Excellence in spoken and written communication, execution, and ability to adapt to changing business conditions.
  • Strong analytical, problem-solving and project management skills.
  • Excellent teamwork and partnering skills.
  • Proficiency in Excel, Dashboard tools and PowerPoint.

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
Finance & Insurance
Net Income
$10.9 billion
Founded
1935
5 Year Trend
+10%
Revenue
$52 billion
NASDAQ
MS
* Ladders Estimates

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