Division: Risk Management Role: Specialty Risk Group Coverage (Operational Risk Department) Level: Executive Director Location: New York
Firm Risk Management Firm Risk Management (FRM) supports 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.
Background on the Position The role will reside within Firm Risk Management's Operational Risk Department, providing senior coverage for the Global Fixed Income (FID), Investment Banking (IBD), and Global Capital Markets (GCM) Divisions within the Institutional Securities Group (ISG).
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 (e.g., fraud, legal and compliance risks or damage to physical assets). The firm may incur operational risk across the full scope of its business activities, including revenue-generating activities (e.g., sales and trading) and control groups (e.g., information technology and trade processing).
The principal role of the ISG Coverage Officer is to partner with the Firm's ISG Business Units and Control Groups to proactively identify, assess, challenge and drive mitigation of Operational Risks within the division.
Primary Responsibilities - Partner with Senior Personnel from FID, IBD & GCM to proactively review and challenge areas of operational risk within the division - Lead risk assessments performing critical analysis as necessary and monitor data used to identify heightened risk and help develop risk remediation recommendations - Perform Deep Dives and Lessons Learned exercises into material operational risk events (internal and external) and analyses of thematic operational risks - Lead Scenario Analysis activities where significant and emerging risks are assessed - Lead the review and approval of new products and new activities originating from the ISG Business - Contribute to the development of presentations for executive management and senior risk managers, including reporting to boards and committees - Work collaboratively in a high performing global team responsible for identifying, assessing, reporting, and capturing operational risk information - Build solid relationships in the front office, operational, risk management, and other support functions related to the area of coverage
Experience - Bachelor's degree or equivalent, ideally in a quantitative discipline, Finance, Economics or similar - 10+ years of work experience within an Institutional Securities environment; internal experience in business, risk, and/or control functions (e.g., Operations, Finance) roles is strongly preferred - Strong working knowledge of FID, IBD & GCM products, markets, and business practices - The ability to formulate and execute new ideas, and to critically evaluate proposals - Strong analytical background - Ability to work in a fast-paced environment, balancing multiple high priority deliverables. - Ability to effectively communicate with a wide range of stakeholders, both written and verbally - Ability to work independently in a self-directed way in a collaborative, team-oriented environment
FRM is committed to creating and providing opportunities that enable our workforce to reflect diverse backgrounds and views.
Role is Hybrid and will require in office attendance 3 days/week. #LI Hybrid. Expected base pay rates for the role will be between 160000 and 250000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.