RCSA Coverage Officer – Associate

  • Competitive
  • London, England, United Kingdom
  • Permanent, Full time
  • Morgan Stanley
  • 19 Feb 18 2018-02-19

See job description for details

Company Profile

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

The EMEA Risk Management Division is responsible for the independent identification, analysis, reporting and escalation of all market, credit and operational risk exposures arising from UK Group business activities, acting independently of business management and providing an effective challenge process.

Team Description

The Risk and Control Self-Assessment (RCSA) Program Team within Morgan Stanley's Operational Risk Department (ORD) is the first point of coordination for the businesses for Operational Risk (OR) RCSA initiatives and management, and provides an interface for consistent communication; assistance in identifying, managing and prioritizing risks and mitigation; and insight and alignment in strategic decision-making. In order to perform this role, a high level of interaction is required with business areas at all levels of the organization. Frequent communication with business unit (BU) Risk Management is required as well as coordination with Internal Audit, Compliance, the wider ORD team and regional ORD counterparts. Major relevant ORD work-streams include roll-out of the “Next Generation” RCSA tool and process, RCSA facilitation, risk mitigation management, BU risk appetite management, taxonomy usage, ad hoc issue/loss analysis, and general risk analysis.

Primary Responsibilities

• Play a key role in facilitating the completion of the Firm’s Risk and Control Self-Assessment (RCSA) program, working closely with nominated Business Unit and Support groups to complete the assessments. Facilitation involves working with the business op risk coordinators (ORCs) to identify key risks and controls, evaluate inherent and residual risk, and establish mitigation plans;
• Perform independent quality assurance (QA) reviews of the RCSA at each phase of the assessment, working closely with the ORD Coverage and RCSA Support teams. This includes reporting and escalation of any issues identified and timely resolution of QA issues with the business;
• Collaborate with BU ORCs to ensure that Operational Risk related process, procedures and policies are communicated appropriately;
• Support the development and enhancement of the RCSA policies, procedures and related training program, providing input and working with the relevant ORD teams as required;
• Support the analysis of RCSA and related OR data to produce risk profile analysis for senior management and governance reporting;
• Support the development and roll-out of the “Next Generation” RCSA program, working closely with System Business Analyst / Technology teams;
• Collaborate with other work streams within ORD, e.g. Issues and Actions, Scenario Analysis, Key Controls, etc. as required for successful delivery of the RCSA Program;
• Participate and provide input to highlight any operational risk requirements in accordance with business and regulatory requirements that relate to internal controls and operational risk management.


Skills Required

• The ideal candidate will have related experience at an investment banking institution or a background in management consulting with a track record of rapidly acclimating to a fast-paced and constantly changing environment while working under pressure.
• Familiarity and experience with finance and the processes related to the trade lifecycle of products traded in an Investment Bank.
• Understanding of Operational Risk and associated regulations (e.g., Basel, SOX, etc.) and the associated application to a financial services business.
• Strong Excel and Powerpoint skills and a strong capability in visual representation of information and data, having experience in creating management reporting views in both Excel and Powerpoint.
• Excellent verbal and written communication skills and a proven ability to work in a fast-paced and high pressure environment. The ability to actively and proactively engage with key stakeholders (i.e., not afraid to speak up).
• Exceptional organizational skills, a high degree of attention to detail and a penchant for getting to the root cause of an issue.

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing and advancing individuals based on their skills and talents. *LI-CL1