Field Management Operational Risk Analyst
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in more than 41 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions and individuals.
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. Wealth Management
Morgan Stanley's Wealth Management business is one of the largest in the world with more than $2.3 trillion in client assets and approximately 16,000 Financial Advisors in 600 offices across the U.S. Our Financial Advisors focus on delivering timely, customized solutions and services that help clients meet their financial and life goals. Our offering includes brokerage and investment advisory services, financial and wealth planning, access to credit and lending, cash management, annuities and insurance, and retirement services.
Field Management comprises the Region, Complex and Branch managers who run our branch offices across the U.S., along with their local management teams. Field Management also includes Home Office groups that provide business management support, talent management, field training, Financial Advisor development and recruiting. Field Management Operational Risk
Field Management Operational Risk team develops and implements operational risk and control initiatives within the Field Management business unit. As a Home Office support function, we partner with Regions, Complexes and Branches to manage Internal Audits and Compliance branch exams, organize the annual Firmwide Risk and Control Self-Assessment for Field Management, draft and maintain policies and procedures, and coordinate new operational risk programs in partnership with Wealth Management and Firm Operational Risk Management departments.
This Field Operational Risk role will be accountable for adhering to high standards of business ethics and practices, all applicable federal, state and local laws, Morgan Stanley Wealth Management policies, and other regulations.
The Field Management Operational Risk Analyst will be responsible for the following tasks:
- Provide key support to facilitate the completion of the annual Risk and Control Self-Assessment (RCSA) program, working closely with business groups within Field Management to identify key risks and controls, evaluate inherent and residual risks, and establish mitigation plans as needed.
- Manage and support various aspects of periodic operational risk reporting, metrics and dashboards, including monthly and quarterly metrics for open issues and actions, internal audit and compliance testing results, operational risk incidents, and RCSA.
- Facilitate the Audit Readiness Program for the Branch Offices, and monitor trends and root causes that arise from formal compliance and internal audit examinations; develop projects to remediate high risk or frequent exception issues.
- Partner with Field Management and associated support functions to assure completion of all Audit related findings and action plans
- Manage ad-hoc projects by ensuring on-time delivery and high quality completion
- Bachelor's Degree
- 1-3 years of experience, with knowledge of Operational Risk, Wealth Management Branch or WM Operations a plus
- Strong data analytical skills required, with proficiency in PowerPoint and Excel; knowledge of Microsoft Access is beneficial.
- Excellent written and verbal communications skills
- Commitment to Firm and client guardianship
- Ability to thoroughly investigate issues and trends with a focused attention to detail in order to provide comprehensive solutions and remedies
- Strong project management and organizational skills - ability to multitask, prioritize, and work under tight deadlines will be key in balancing daily deliverables and strategic projects
- Understanding and/or aptitude to learn about the regulatory rules that govern the conduct of Financial Advisors, investment products, portfolio advisory platforms, and banking services
- Ability to work in a small team environment, while building and maintaining a broad network of contacts and stakeholders