Wealth Management Tax and Client Reporting Operations Vice President

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

Wealth Management Tax and Client Reporting Operations 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. 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.

Global Wealth Management provides services that are tailored to each client's investment objectives, risk tolerance, and financial needs. Products include mutual funds, stocks, bonds, and alternative investments where appropriate, as well as banking, mortgages, insurance and annuities. We apply our expertise in serving institutional clients to create new opportunities for people to achieve their personal financial goals. Operations is one of the largest divisions in the firm and has diverse responsibilities, in particular a continuous focus on seeking ways to improve existing operations while actively supporting the development of new businesses, structures and markets.

The Morgan Stanley Wealth Management (MSWM) Operations, Risk and Control department is seeking a Vice President to cover Wealth Management Operations. This Risk Manager is expected to perform a broad range of operational risk management and coverage responsibilities related to operational risk incident (ORI) analysis and review, Risk & Control Self-Assessment (RCSAs) and risk metric reporting. A significant part of the role will be to liaise with the various Operations Line Managers. The role is located in New York City.

Key responsibilities include:
-Independently review, challenge and support risk management activities.
-Become familiar with all operational activities of the department, aiding in the ability to identify process and control weaknesses.
-Identify operational risks and emerging trends, through analysis of assessment results, key risk indicators and risk event data. Escalate material operational risk issues and incidents to relevant functional management and/or the relevant committees as appropriate. Evaluate the effectiveness of risk mitigation projects and corrective actions.
-Facilitate the Risk & Control Self-Assessment (RCSA) process.
-Coordinate, organize and facilitate the risk trends happening across the respective BU.
-In response to material risk events, whether internal or external, conduct independent deep dive reviews and assessments to determine root cause(s), assess control environment, escalate issues and identify/monitor remedial actions to mitigate against the risk of future losses.
-Support reporting and monitoring of metrics and Key Risk Indicators (KRI) at the product line and divisional levels; continuously improve existing body of KRI and related reporting.
-Consult with internal groups such as Firm Operational Risk, Enterprise Operational Risk Control, Compliance, Legal, and other Operations teams on matters related to risk controls, self-assessments, incidents and infrastructure projects
-Participate in topical or ad-hoc risk/control projects, as needed.


- 7-10 years financial services experience in control function such as op risk, compliance, or audit
- Robust understanding of Wealth Management Operations
- Ability to manage multiple priorities and deliver to established timeframes
- Exceptional analytical skills
- Ability to assert and influence across all organizational levels
- Excellent writing and verbal communication skills; presentation skills
- Strong, interpersonal and communication skills