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Morgan Stanley
Wealth Management Operational Risk - Non-Financial Risk Assessment Assistant Vice President
Career Insights for Risk Manager
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Based on Maryland data
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What they do
A Risk Manager evaluates risk and recommends and manages strategies to mitigate or offset risks that could result in financial losses for a company or organization. Analyzes current risks and assesses potential new risks. Reviews contracts and insurance policies; prepares risk budgets. Communicates risk policies and procedures to staff at all levels of a company.
$113,505 / year median in Maryland
Job Description
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth 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 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. This role will provide broad exposure to functions and business lines within Wealth Management. The primary focus will be on mitigating risk and improving the control environment in Wealth Management.
Specific duties will include:
- Assist in coordinating Non-Financial Risk Assessment (NFRA) activities across Wealth Management Business Units
- Work closely with Business Risk group partners to ensure that operational risks are reported in a timely, accurate and thoughtful manner to appropriately inform residual risk profiles
- Work closely with Operational Risk partners and Business Risk group partners to ensure the data quality of risks and controls are updated timely, in line with firm guidelines
- Assist with metrics and analysis for senior management, which allows the ability to identify and track thematic operational risks
- Perform analysis of NFRA and related Operational Risk data for quality assurance, and challenge the business on their risk profile
- Partner closely with our control testing team, ensuring the outcome of testing feeds appropriately into the risk profile
- Support ad-hoc projects to ensure appropriate solutions and/or analysis is delivered on-time and to a high level of quality
Required Qualifications:
- Minimum 5 years of risk management experience within financial services, preferably within the Operational Risk Management discipline
- Strong project management skills with the ability to work well within a team
- Ability to build and maintain a network of contacts and coordinate with a large number of stakeholders
- Solid interpersonal skills, including written and verbal communication
- Strong organizational skills with the ability to multitask, prioritize and work under pressure and to tight deadlines
- Strong analytical and problem solving skills (critical thinking ability)
- Advanced knowledge of Microsoft Office suite, emphasis in Excel and PowerPoint
- Bachelor's degree
WHAT YOU CAN EXPECT FROM MORGAN STANLEY
At Morgan Stanley, we raise, manage and allocate capital for our clients- helping them reach their goals. We do it in a way that's differentiated
- and we've done that for 90 years. Our values
- putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back
- aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries.