Executive Director - Fraud Risk Management Global Lead

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

Executive Director - Fraud Risk Management Global Lead

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
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.

Department Profile
Operational Risk Management works with the business units and control groups to support the Firm institute a transparent, consistent and comprehensive program for managing operational risk, both within each area and across the firm globally. Operational risk is the risk of financial loss or other potential damage to the firm's reputation due to inadequate or failed internal processes, people, systems, or from external events. This group designs, implements and monitors the company-wide operational risk program.
Position Description
Morgan Stanley is seeking a dynamic and high-performing Executive Director to lead the global Fraud Risk Management function day-or-day.
The Fraud Risk function works with all Business Units and other functional areas across the Firm, including the dedicated Fraud Operations function in the first line of defense, to support proactive identification, prevention and detection of Fraud risks. The role is dynamic and multi-faceted with high levels of exposure to senior management, and significant intra and cross-divisional activity. The team is currently based in New York, London and Baltimore, which the candidate will be responsible for managing to day-to-day to support cohesive, efficient and consistent execution.
Responsibilities include:
· Own and drive evolution of anti-fraud governance, strategy and framework
· Maintain, enhance and implement required policies, procedures, methodology and standards
· Manage the Fraud Risk Assessment Program and drive review of broader risk and control assessments which may also capture fraud-relevant processes, risks and controls
· Oversee, challenge, report and support ongoing transparency of risk mitigation activities across internal and external Frauds the Firm may be exposed to
· Manage ongoing monitoring activities including threat intelligence, fraud risk profiles, and incident reporting, lessons learned etc.
· Execute ad-hoc assessments and deep dives in partnership with first line Fraud Operations for evolving and emerging risks
· Manage the team's book of work including planning, execution and reporting
· Periodic communication with senior management and regulators to discuss the framework, risk profile, incidents or other relevant matters
· On-going communication with senior colleagues in various BUs, Fraud Operations, Fraud Technology and supporting functions

Qualifications:

Skills Required
· An undergraduate degree (B.A., B.S., or equivalent) required
· Eight to twelve years of financial services experience
· Prior experience leading, managing or working in a fraud mitigation capacity, including fraud identification, assessment and mitigation
· Familiarity with cyber and information security frameworks, payment processing systems, protocols and authentication desirable
· Familiarity with relevant Banking, Financial Holding Company and securities regulations
· Working knowledge of business intelligence platforms including Tableau and Qlikview, data analysis concepts, languages and tools - Python, R advantageous
· Strong risk, process and control decomposition, assessment or validation skills advantageous - a prior role within consulting or internal audit covering risk processes is desirable
· Ability to collaborate across multiple functional areas while maintaining suitable independence and effective challenge
· Ability to multitask and manage team members on projects within a small-group environment