Field Operational Risk Associate

  • Competitive
  • Baltimore, MD, USA
  • Permanent, Full time
  • Morgan Stanley USA
  • 12 Nov 18

Field Operational Risk Associate

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.

Team Profile
The Field Operational Risk organization is a strategic change agent which builds trust-based relationships with Field Management, Products, and Business Support teams to improve our department's control environment. We challenge the status-quo to uncover and realize efficiencies, accept accountability for persistent improvement, and leverage our broad spectrum of expertise to monitor and mitigate risk and detect unknown control gaps through a robust testing program.

Role: Associate, Field Operational Risk (Baltimore, MD)

  • Define and execute test scripts across a wide variety of Wealth Management functions; targeting controls that mitigate inherently critical and high risks
  • Identify opportunities for operational improvement and assist with corresponding change management activities, including: root cause analysis, issue and action plan definition, requirements development, etc.
  • Support a variety of operational risk management initiatives and special projects, including: issue and action plan tracking, business activity monitoring, management reporting, audit inquiry response, targeted remediation support, etc.
  • Prepare monthly, quarterly and annual metrics based on team activities and support corresponding communication with key stakeholders
  • Identify opportunities for internal team efficiency gains and support the development and maintenance of team procedures, risk management tools and data repositories


  • At least two (2) years of financial services experience (preferably in wealth management or branch operations areas)
  • Strong project management skills with the ability to work independently (candidate should be self-motivated with strong analytical and problem-solving skills)
  • Excellent oral and written communication skills, as the role involves interaction with senior business stakeholders, operational subject matter experts, firm and wealth management risk partners, compliance and audit functions
  • Advanced working knowledge of Microsoft Excel, Word and PowerPoint (familiarity with MS Access is a strong plus)
  • Bachelor's Degree