Risk Officer, Assistant Vice President

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • Morgan Stanley USA
  • 18 Jan 19

Risk Officer, Assistant Vice President

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. Morgan Stanley Wealth Management (MSWM) has over $2 trillion under management and is one of the world's largest networks of Financial Advisors.

The Field Strategic Services (FSS) group within MSWM is responsible for transformational platform strategies that provide better tools for our Financial Advisors, support staff, and our clients.

The FSS Risk team is responsible for overseeing the operational risk and controls of Wealth Management's New Account Opening (NAO) and onboarding processes, certain systemic platforms and business unit(s) used in daily branch workflow processing, certain aspects of asset movement, as well as branch digitization and centralization projects This team assesses risks, implements control processes and procedures, assists in managing audits and exams, partakes in the annual Risk and Control Self-Assessment (RCSA), tracks and reports on operational incidents and provides the FSS business with risk consultancy and guidance in the execution of business as usual tasks.

This role in FSS Risk will primarily be responsible for the following:
• Assist in the management of, and act as the central point of contact for,
Internal Audit and Compliance reviews for FSS to ensure coordination of
informational requests with impacted areas and timely responsiveness.
• Participate in Audit preparation prior to kickoff
• Assist in drafting final audit reports, inclusive of language editing and creation
of action plans based on findings

• Manage various Issues and Action Plans through to completion, ensuring
engagement and accountability of stakeholders, as well as engagement with
Audit and Compliance regarding status and progress.
• Participate in the development and execution of a comprehensive FSS
entitlements framework to ensure protection of, and justification for, systems
• Engage in periodic firm-mandated system access reviews of FSS employees
and work closely with FSS employees to complete analysis and justify system
• Manage FSS entitlement review processes, including maintaining appropriate
lists of reviewers, approvers, special approvers, cost center and risk officer
• Obtain a thorough understanding of various aspects of FSS business and
initiatives in order to advise on operational risk and control environment
• Build trust and establish open lines of communication with FSS and other
business unit stakeholders including Legal, Risk & Compliance
• Represent FSS Risk in meetings with business, functional and risk
management stakeholders, as necessary
• Collaborate with FSS Risk team regarding the Risk and Control Self-
Assessment, operational incident reporting and audit/regulatory exams as


• Minimum of 3-5 years of experience in financial services risk management,
Compliance or Audit roles, with Wealth Management experience preferred
• Understanding of the Wealth Management business

Required Skills / Qualifications:
• Strong leadership skills to effectively manage several key priorities as well as
to work independently as necessary
• Demonstrate flexibility in a changing business environment and in dynamically
deploying skills as needed
• Ability to lead and work closely with various senior business, functional, and
risk management stakeholders
• Strong written, verbal communication and presentation skills
• Strong critical thinking skills and ability to work in a fast-paced environment
• Ability to collaborate and to promote teamwork
• Strong attention to detail and work ethic

Desired Skills / Qualifications:
• Strong PowerPoint skills helpful