Director -Operational Risk / QA Lead - US Banks (Wealth Management)

*Morgan Stanley is a global financial services firm that maintains significant market positions in each of its business segments- Institutional Securities, Wealth Management, and Investment Management. Morgan Stanley, through its subsidiaries and affiliates, provides a wide variety of products and services to a large and diversified group of clients and customers, including corporations, governments, financial institutions, and individuals. Institutional Securities provides a variety of products and services to corporations, governments, financial institutions, and ultra-high net worth clients. Wealth Management provides a comprehensive array of financial services and solutions to individual investors and small to medium-sized businesses and institutions covering: financial advisor-led brokerage and investment advisory services; self-directed brokerage services; financial and wealth planning services; workplace services including stock plan administration; annuity and insurance products; securities-based lending, residential real estate loans and other lending products; banking; and retirement plan services.
Our U.S. bank subsidiaries, Morgan Stanley Bank N.A. (MSBNA), Morgan Stanley Private Bank, National Association (MSPBNA), collectively, (the U.S. Banks) accept deposits, provide loans to a variety of customers, including large corporate and institutional clients as well as high to ultra-high net worth individuals, and invest in securities. Lending activity recorded in the U.S. Bank Subsidiaries from the Institutional Securities business segment primarily includes Secured lending facilities and Commercial real estate loans. Lending activity recorded in the U.S. Bank Subsidiaries from the Wealth Management business segment primarily includes Securities-based lending, which allows clients to borrow money against the value of qualifying securities, and Residential real estate loans.
The U.S. Bank Subsidiaries seek an Assistant Vice President (AVP) to join the First Line Business Risk team to provide risk oversight for the U.S. Banks Shared Services team supporting Technology and assist in the build out of enhanced data analytic capabilities. This team is one of the teams that comprise the Business Risk Management organization. He or she will be responsible for aiding the Vice President (VP) and Executive Director (ED) of the team as they continue to build out a Dedicated Business Risk Coverage team for Bank Technology and supporting the oversight of Technology Vendor Management. This team is responsible for establishing risk management coverage model of working with the various key stakeholders across the U.S. Banks embedded risk teams ensuring continuous and consistent monitoring and escalation of the various risk frameworks (e.g., Vendor Mgmt, Issues/Action Plans, Operational Risk Incidents, Metrics, Reporting, Risk Assessments). In addition, he or she will be responsible for aiding in the build out of the First Line risk coverage for the Bank Business Risk organization and scaling of data visualizations, automations and analytics. The individual will work with management and risk partners covering various Bank risk management oversight responsibilities as well as aiding in execution of key initiatives and projects while ensure compliance with U.S. Banks risk management policies and procedures.
The AVP U.S. Banks First Line Business Risk Officer will be responsible for the following: *