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Operations Risk Regulatory Governance Support (ORRGS), Associate/ Director

Morgan Stanley
Hong Kong
Posted about 1 month ago Permanent Competitive
Operations Risk Regulatory Governance Support (ORRGS), Associate/ Director

The Operations Risk & Regulatory Control (ORRC) Division is a global team responsible for Operational Risk & Regulatory Governance, Control (Balance Sheet Control), Regulatory Reporting (Disclosure of Interest), Client Money, Transaction Reporting, and CTB Projects. The Division has over 150+ team members across the Firm, with the majority residing in Baltimore, Glasgow, Hong Kong, Mumbai and Tokyo.

We currently have an opportunity within the Operational Risk & Regulatory Governance Support (ORRGS) team. ORRGS is tasked to ensure that the Firm has a sound operational risk management culture and practice across all Operational divisions and regions. Operational Risk refers to the risk of financial or other loss, or potential damage to a firm's reputation, resulting from inadequate or failed internal processes, people, systems, or from external events impacting the full scope of its business activities, including revenue-generating activities and infrastructure groups.

ORRGS is tasked to:

- Ensures adequate controls are in place to mitigate Operational Risk across Operations and to protect the firm from such risks
- Assist in embedding an Operational Risk culture throughout Operations to promote transparency and disclosure
- Promote best practices to assist Operations in the management of Operational Risk
- Ensure that requirements of investors, senior management and regulators are adequately met
- Report to Boards and Senior Management on operational risk issues

We are looking to attract a senior recruit to the Asia ORRGS team, with coverage responsibilities for actives such as: Regulatory inspection and inquiry coordination; Regulatory Change Management Governance; Material Service Entity (MSE) governance; Operational Risk reporting; as well as driving risk initiatives relating to Operational Risk and Regulatory Controls.

Primary responsibilities:
- Regulatory inspections and inquiry coordination for Asia Operations
- Regulatory Change Management Governance for Asia Operations. Responsibilities include:
  • Perform an advisory role related to local market regulations, firm policy & procedures, system dependencies and best practices.
  • Promote risk education and awareness and provide senior management summaries as appropriate.
  • Build strong relationships with senior Operations, Technology, Business and Compliance stakeholders across the region to drive continuous improvement of risk governance and processes.

â€<â€<â€<â€<â€<â€<â€<- Material Service Entity (MSE) governance provides support to MSE Operating Committee (OpCo) and Firmwide Shared Services Governance ("FSSG") committee. Responsibilities include:
  • Supports FSSG in their global operational oversight and coordination of critical shared services provided by the MSE network
  • Monitor and Report Service Company Principles and exceptions
  • Execute controls to ensure adherence to Service Company Principles
  • Develop FSSG & MSE OpCo Meeting Materials and Minutes
  • Conduct FSSG committee & MSE OpCo Tabletop Exercises
Job ID  3206785
ABOUT COMPANY
Hong Kong
68000 Employees Investment Banking / M & A

Morgan Stanley has earned a worldwide reputation for the excellence of its advice and execution in financial markets. With offices in more than 41 countries, the firm is truly global-and a market leader in the U.S., Europe and Asia as well as in emerging markets. Morgan Stanley's success rests on the talents and passion of our people, who share a common set of values and bring excellence and integrity to everything they do. We seek to grow long-term relationships by virtue of our consistently rigorous thinking and the unsurpassed access to financial markets that Morgan Stanley can bring. This means providing leadership in specific areas such as investment banking, debt and equity underwriting, research, and sales and trading. We also focus increasingly on creating custom-tailored solutions that cut across functions to help our clients realize new opportunities and solve complex problems. Our aim is to be the first choice of everyone who deals in financial markets, whether as prospective clients, employees or investors.

We believe our greatest asset is our people. At Morgan Stanley, you’ll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. Visit https://www.morganstanley.com/people to discover who we are and the right opportunity for you.

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