Associate - Risk Data Aggregation & Governance

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • Morgan Stanley USA
  • 22 Oct 18

Associate - Risk Data Aggregation & Governance

Morgan Stanley
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.
The talent and passion of our people is critical to our continued success as a firm. Together, we share four core values rooted in integrity, excellence and strong team ethic:
1. Putting Clients First
2. Doing the Right Thing
3. Leading with Exceptional Ideas
4. Giving Back
Morgan Stanley is committed to helping its employees build meaningful careers and we strive to be a place for people to learn, achieve and grow.
Firm Risk Management
Firm Risk Management (FRM) enables Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, operational, model and other risks.
Our mission is to serve as the follow roles:
· Independent agent to set consistent principles and disciplines for risk management
· Strategic advisor to Firm management for setting risk appetite and allocating capital
· Industry leader to influence and meet regulatory standards
You will collaborate with colleagues across FRM and the Firm to protect the Firm's capital base and franchise, advise businesses and clients on risk mitigating strategies, develop tools and methodologies to analyze and monitor risk, contribute to key regulatory initiatives and report on risk exposures and metrics to enable informed and strategic decision-making. Through thoughtful analysis and clear communication we are best able to bring our ideas to the table and improve the Firm.
Firm Risk Management values diversity and is committed to providing a supportive and inclusive workplace for all employees.
Firm Risk Management's unique franchise promotes:
ü Flat, flexible and integrated global organization
ü Collaboration and teamwork
ü Credible, independent decision-making
ü Organizational influence
ü Creative and practical solutions
ü Meritocratic and diverse culture
Background on the Position
The role will reside within the Morgan Stanley Risk Data & Strategy (RD&S) team within the Firm Risk Management's (FRM) COO function. RD&S is responsible for the development of data standards, governance, and the monitoring of the Risk Data Domains to evidence compliance with Risk Data Policy and the BCBS 239 Principles. RD&S provides strategic partnership across Firm Risk to enhance Risk Data management. Additionally, the team is responsible for facilitating complex data issue investigation across a number of the Risk Domains, actively working on remediation and advising in the development of solutions for cross risk process efficiency. In partnership with the Enterprise Data Office, the team is responsible for creating and maintaining the Global Risk Data Policy, and for reviewing proposed country, legal entity or risk domain specific Risk Data policies or procedures to ensure congruency and alignment across the plant.
RD&S seeks an Associate for a New York-based Risk Data Aggregation & Governance role. The selected candidate will be part of a team focused on partnering with Risk Domains to develop and drive strategic solutions for process efficiency and data management challenges across Firm Risk, including initiatives related to the Firm's overall compliance with RDA principles as well as Risk Data Domain compliance with the Risk Data Policy.
As required, the candidate would also partner with Internal Audit and Independent Valuation teams on audits and validations of RDA components and collaborate on internal self-assessment processes for RDA. (S)he will also assist with the development of updates to the regulators (FRB, OCC, and PRA) on BCBS 239 compliance and remediation efforts, maintain the RDA SharePoint site, and develop and maintain RDA policies/procedures and inventory.
To be successful, candidates will benefit from relevant experience, an ability to quickly build/maintain strong internal network/relationships across businesses and control functions, superior communication skills, and a strong desire to learn. The applicant should have a minimum of three years of experience at a financial institution or consulting firm, preferably in a risk, operations, compliance or regulatory function. Prior risk management experience in RDA/BCBS 239 would be a strong plus.
Primary job responsibilities expected to include:
· Identifying areas for improvement in Firm Risk data management processes and collaborating with Risk Domains to develop and drive strategic solutions
· Partnering with Internal Audit and Independent Valuation teams on data management audits and validations as well as advising Risk Domains on remediation projects
· Engaging with Risk Domains to identify and resolve risk data authority, sourcing and quality issues
· Liaising with data quality working groups across the Firm on pertinent issues
· Strategic project work and guidance of project working groups
· Senior management reporting and presentations

Qualifications:

Skills desired include:
· Understanding of risk management concepts and financial products
· Knowledge and exposure to US, EMEA and UK financial regulations including BCBS 239 and Basel III pertaining to risk data aggregation/reporting
· Strong communication skills
· Academic achievement in a relevant discipline (Undergraduate or Graduate Degree Required)
· Experience in a risk, finance, operations or technology-related function
· Strong Excel and PowerPoint skills