Full Job Description
We're seeking someone to join the Wealth Management (WM) Operational Risk team as a Vice President who will partner with the Wealth Management business and related control groups (e.g., Technology, Operations) and serve as the 2nd Line subject matter expert for digital asset related operational risk matters
In the Legal & Compliance division, we assist the Firm in achieving its business objectives by facilitating and overseeing the Firm's management of legal, regulatory and franchise risk. This is a Vice President level position within the GFC Institutional Securities Group (ISG) Coverage for Sales & Trading and will be based in New York and report directly to the Head of GFC ISG Coverage for Sales and Trading.
What you'll do in the role:
- Liaise with 2nd Line centralized risk teams (e.g., Fraud, Cybersecurity, Technology, Information Security, Third Party), Compliance, Global Financial Crimes and testing teams to ensure an integrated 2nd Line risk approach to digital asset risks
- Play an active role in the review and approval of new digital asset products, services, and activities, and participate in relevant committees and working groups
- Advise on digital asset related process and control design as well as remediation efforts; oversee and monitor losses and impacts related to WM's digital asset business
- Assess operational risk impacts of the digital asset business via non-financial risk assessments, incident reporting, capital requirements, etc.
- Perform Deep Dives, Targeted Risk Assessments, and Lessons Learned exercises on material operational risk events (internal and external) and analyses of thematic operational risks
- Work collaboratively in a high performing global team responsible for identifying, assessing, reporting, and capturing operational risk information
- Drive a no surprises approach in ensuring that operational risks are well known and understood Primary Responsibilities
What you'll bring to the role:
- 5+ years of work experience in blockchain and digital asset activities, preferably including experience in a bank, broker-dealer, Virtual Asset Service Provider (VASP), or Crypto Asset Service Provider (CASP)
- Strong understanding of blockchain and other Web3 activities including crypto trading, wallet infrastructure, asset tokenization, custody, and digital identity, as well as associated rules and regulations
- Understanding of key / shard cryptographic controls including HSMs, MPC, DKG, m-of-n signing, time-locked transactions, and encryption standards
- Knowledge of operational risk management concepts (e.g., RCSA/NFRA, Issues identification and remediation, operational loss events)
- Self-starter with the ability to independently formulate and execute new ideas, and to critically evaluate risks
- Strong communication and organization skills with the ability to multitask and prioritize; ability to work under pressure and tight deadlines
- Demonstrated ability to collaborate across multiple functional areas while maintaining suitable independence and effective challenge
- Bachelor's degree or equivalent required
Please note that the location listed for this role is temporary. The position's work location will transition to 1445 Ross Ave, Dallas, TX 75202 at a future date. In-Person interviews will be required for the role.
Expected base pay rates for the role will be between $110,000 and $162,500 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.
