Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.
The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.
As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic.
Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow.
A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture. Department Profile Operations
One of the largest divisions in the Firm, Operations is the first line of defense for Morgan Stanley's financial and reputational well-being and essential in delivering value.
Operations is responsible for correctly settling and recording millions of transactions per day, identifying and mitigating operational risk, developing strong client relationships and partnering with technology to realize the full potential of IT and Automation.
Operations has a premier team of creative and dedicated professionals, with a unique vantage point interacting with all parts of the business.
The Operations Senior Management team is passionate about our people development and providing top-notch employee opportunities through an inclusive, forward-looking environment defined by open communication, collaboration, learning and dedicated career management.
This is a Director role within SSBO Risk as a Risk Manager. The role includes oversight and coordination of various central programmes (driven by ORRC, various internal and external audit teams and the regulatory agenda) and the coordination of SSBO wide testing and analysis initiatives.
The oversight of risk functions on behalf of SSBO is imperative to the smooth running of the organization, providing transparency into the risk environment through accurate reporting and system hygiene;
central coordination and expertise in large scale programmes; and testing and analysis to proactively identify any underlying risks, particularly during considerable change events (regulatory landscape, deployments etc).
Operational Risk Management : As a Risk Manager for SSBO silos, you will have the following responsibilities :
Demonstrate a detailed knowledge of the risk management toolkit across Global Operations
Propose and lead Risk Management process, participating in Working Groups to shape risk initiatives
Build and manage key stakeholder relationships on a day to day level
Hold self and others accountable to deliver team and Global Operations goals
Coordinate system outages across multiple teams to agree actions and remediate risk
Coordinate / track Action Plans to ensure quality and timeliness of delivery (including but not exclusive to Open Pages)
Provide input into policy and procedure reviews to ensure policy wording is unambiguous and drives minimal exceptions and policy can be adhered to by their division.
Leverage the risk toolkit to undertake proactive analysis of systems and processes in order to identify and mitigate risk
Validate the risk reporting production by SSBO Mumbai Risk Team for line area to ensure risk reporting and mitigation
Drive enhancements and best practice standards in submission and reporting quality
Provide oversight on identified risks and remediation required.
Partner with Senior Risk Forum representatives to validate risk reporting & analysis requirements
Manage changes and implementation of regulatory reports. Provides oversight during the RRM Workshops and reviews Reg Reporting RCSA
Perform and supervise QA on all aspects of risk data capture
Manage the independent monitoring and quality assurance of key processes, including select high impact functions
Partner with SSBO Mumbai Risk Team and line management to ensure incident reporting is meeting firm reporting standards
Validate incident post mortems and reporting in quality assurance checks, including review of taxonomy selection and root cause versus RCSA
Complete sign off of incident post mortem once risk captured with documented mitigating actions.Central Programme Management : As a risk manager for SSBO, you will be required to coordinate large central programmes on behalf of the organisation. Such duties will include :
Supervise SSBO input and output to all ORRC programmes (e.g RCSA, Entitlement Reviews, Business Continuity, Policies and Procedures, Independent Monitoring) in support of the ORC book of work
Supervise SSBO input and output to all Audit programmes (e.g Internal Audit, External Audit, Federal Programme)
Lead the process of regulatory report control assessment
Lead the process of supporting the demands of regulatory audits and ad hoc queries
Testing and Analysis Agenda : Testing and Analysis is a key part of the SSBO Risk value proposition. In supporting the programme, you will have the following responsibilities :
Proactively identify potential risk areas for further scrutiny
Manage testing team to complete department / internal reviews and testing
Manage the link between the department’s risks, the RCSA, the pre-audit Management Representation Letter and the key enhancements programmes (eg Change the Bank investment) designed to mitigate any gaps
Supervise the testing program to ensure due diligence and reporting completed as required.People and Culture : Attract and Retain a High Quality Team by Investing in our People and Delivering on our Leadership Commitments :
Lead team interactions and set the standard
Be an effective team player who brings teams together and leads discussions in order to solve problems and meet business needs
Manage a team of Specialists, responsible for resource allocation
Provide training and direction to other Specialists
Take appropriate steps to deliver individual and team / departmental goalsLeads and Develops Others : Use effective coaching, delegation and direction to build a high performance team, managing individual career goals and change :
Contribute to the strategy / plan for the global team
Push strategic projects and improvements forward without compromising day-to-day responsibilities
Align current actions with strategic goals
Inspire respect of others
Display a strong personal commitment to high achievement, leading by example to instil similar beliefs and effort in others
Delegate authority effectively to team of specialists to take tasks forward
Actively participate in Operations and Campus initiatives and eventsGiven the continued spread of COVID-19 (coronavirus), all interviews will be conducted by phone or virtual connection to protect our candidates and employees.
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential.
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements.
Speak to our recruitment team to find out more.