Vice President Risk- Field Strategic Services

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • Morgan Stanley USA
  • 16 Jan 18 2018-01-16

Vice President Risk- Field Strategic Services

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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.
Field Strategic Services (FSS) - Risk
As the complexities of our industry continue to evolve, the Field Strategic Services unit focuses on process redesign and enhancements to simplify the day-to-day experience for the Field, and to make it easier and more efficient for our service professionals to work with, and service, their clients.
FSS Risk is responsible for overseeing the operational risk and controls of Wealth Management's New Account Opening (NAO) and Onboarding processes , as well as for certain systemic platforms and a centralized business unit used in daily branch workflow processing. FSS Risk team will assist in managing audits and exams, be responsible for helping to identify and assess risks, implement control processes and procedures, and partake in the annual Risk and Control Self-Assessment (RCSA).
This role in the FSS Risk unit will be responsible for the following:
• Obtain a thorough understanding of the aspects of the FSS business and initiatives in order to advise on current and emerging operational risks.

• Build trust and establish open lines of communication with business leaders and control stakeholders such as legal, compliance, and risk managers in order to facilitate agreement regarding business objectives, constraints, and paths forward.

• Strongly participate in the annual RCSA, building and enhancing programs, identifying control gaps, facilitating control remediation projects, prepare power point decks, and develop policies and procedures as necessary.

• Advise the business on standards for accepting certain risks, and on possible improvements to the control suite.
• To the extent certain field processes may be centralized, assist in developing policy and procedure surrounding such centralization efforts, as well as assist in overseeing the operational risk and controls of such efforts.
• Develop metrics, reports and key risk indicators (KRIs) in order to assess and report informative data to the business, and other stakeholders.

• Represent the FSS Risk unit in meetings with senior business, functional and risk management stakeholders, as necessary.

• Prepare and plan for upcoming internal or external exams, and ability to manage for remediating control gaps or for improving processes.


• Minimum of 5-7 years of experience in financial services risk management or Compliance roles, with Wealth Management experience and an understanding of Wealth Management business preferred
• Strong Power point skills required
• Deep working knowledge of the Risk and Control Self-Assessment (RCSA) process, procedures and practices
• Demonstrate flexibility in a changing business environment and in dynamically deploying skills as needed

• Comfort in working closely with various senior business, functional, and risk management stakeholders

• Ability to collaborate and to promote teamwork, as well as to work independently as necessary

• Excellent written and verbal communications skills
• Strong attention to detail and strong work ethic
• Bachelor's Degree

• Series 7 and 24 a plus