U.S. Bank First Line Risk Associate

Morgan Stanley (“MS”) is a global financial services firm that conducts its business through three principal business segments—Institutional Securities Group (“ISG”), Global Wealth Management via Wealth Management (“WM”), and Asset Management. WM’s network includes approximately 15,000 Financial Advisors with total client assets of over $1.5 trillion. WM provides comprehensive financial advice and services to its clients including brokerage, investment advisory, financial and wealth planning, credit and lending, deposits and cash management, annuities, insurance, retirement and trust services. The US Banks- Morgan Stanley Private Bank, National Association (“MSPBNA”) and Morgan Stanley Bank, N.A. (“MSBNA”) provide cash management and lending products and services to serve the needs of WM & ISG clients.

This role is an Associate position is within the US Banks First Line Operational Risk team. This team is one of the teams that comprise the Business Risk Management organization. The Associate will also work closely with Operational Risk Managers in executing the risk and control functions for the First Line of Defense for the U.S. Banks.

Key Responsibilities

• Perform and assist in executing core Operational Risk framework responsibilities and supporting coverage across Business Units and Information Technology
• Primary responsibility would be to execute the Issues and Action Plan (I&A) management framework for the US Banks supporting the US Banks First Line Operational Risk team including:
• Preparing monthly and quarterly reporting to various stakeholders requiring excellent proficiency with Excel and PowerPoint, as well as familiarity with big data and analytics
• Creation and maintenance of all First Line policies and procedures related to the Banks operational risk activities including drafting, reviewing, and updating them as necessary.
• Support and management of I&A framework sustainability
• Develop knowledge of the US Banks Banking and Lending products and forge deep relationships with Business Unit partners, the Second Line of Defense Operational Risk Department, and provide support of Operational Risk Projects

Morgan Stanley (“MS”) is a global financial services firm that conducts its business through three principal business segments—Institutional Securities Group (“ISG”), Global Wealth Management via Wealth Management (“WM”), and Asset Management. WM’s network includes approximately 15,000 Financial Advisors with total client assets of over $1.5 trillion. WM provides comprehensive financial advice and services to its clients including brokerage, investment advisory, financial and wealth planning, credit and lending, deposits and cash management, annuities, insurance, retirement and trust services. The US Banks- Morgan Stanley Private Bank, National Association (“MSPBNA”) and Morgan Stanley Bank, N.A. (“MSBNA”) provide cash management and lending products and services to serve the needs of WM & ISG clients.

This role is an Associate position is within the US Banks First Line Operational Risk team. This team is one of the teams that comprise the Business Risk Management organization. The Associate will also work closely with Operational Risk Managers in executing the risk and control functions for the First Line of Defense for the U.S. Banks.

Key Responsibilities

• Perform and assist in executing core Operational Risk framework responsibilities and supporting coverage across Business Units and Information Technology
• Primary responsibility would be to execute the Issues and Action Plan (I&A) management framework for the US Banks supporting the US Banks First Line Operational Risk team including:
• Preparing monthly and quarterly reporting to various stakeholders requiring excellent proficiency with Excel and PowerPoint, as well as familiarity with big data and analytics
• Creation and maintenance of all First Line policies and procedures related to the Banks operational risk activities including drafting, reviewing, and updating them as necessary.
• Support and management of I&A framework sustainability
• Develop knowledge of the US Banks Banking and Lending products and forge deep relationships with Business Unit partners, the Second Line of Defense Operational Risk Department, and provide support of Operational Risk Projects

Expected base pay rates for the role will be between 85000 and 95000 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.

Posting Date

Jan 20, 2023

Primary Location

Americas-United States of America-New York-New York

Education Level

Bachelor’s Degree

Job

Other

Employment Type

Full Time

Job Level

Associate