U.S. Banks Affiliate Risk Oversight Execution VP

Morgan Stanley is a global financial services firm that maintains significant market positions in each of its business segments- Institutional Securities, Wealth Management, and Investment Management. Morgan Stanley, through its subsidiaries and affiliates, provides a wide variety of products and services to a large and diversified group of clients and customers, including corporations, governments, financial institutions, and individuals. Institutional Securities provides a variety of products and services to corporations, governments, financial institutions, and ultra-high net worth clients. Wealth Management provides a comprehensive array of financial services and solutions to individual investors and small to medium-sized businesses and institutions covering : financial advisor-led brokerage and investment advisory services; self-directed brokerage services; financial and wealth planning services; workplace services including stock plan administration; annuity and insurance products; securities-based lending, residential real estate loans and other lending products; banking; and retirement plan services.

Our U.S. banking subsidiaries, Morgan Stanley Bank, N.A. ("MSBNA"), Morgan Stanley Private Bank, National Association ("MSPBNA"), each, a "Bank" and collectively, the "U.S. Banks") accept deposits, provide loans to a variety of customers, including large corporate and institutional clients as well as high to ultra-high net worth individuals, and invest in securities. Lending activity recorded in the U.S. Banks from the Institutional Securities business segment primarily includes secured lending facilities and commercial real estate loans. Lending activity recorded in the U.S. Banks from the Wealth Management business segment primarily includes securities-based lending, which allows clients to borrow money against the value of qualifying securities, and Residential real estate loans.

Description :

The Vice President (VP) in Affiliate Risk Oversight (ARO) serves as a key member of 1L Operational Risk within U.S. Banks Business Risk and is responsible for supporting the U.S. Banks' Internal Affiliate program.

This role is responsible for identifying, measuring, monitoring, controlling, and reporting operational risks, while enabling consistent execution of risk management practices across the Banks. The VP will work closely with business owners to ensure accountability for risks created within their respective lines. This role is vital for maintaining appropriate affiliate relationships and mitigating risk. The goal of this position is to strategically organize, lead and drive change to continue to educate and improve on the ARO structure and value. The program's framework includes the following areas of responsibility :

Key Responsibilities :

• Ensure key regulatory guidance and requirements, particularly Office of the Comptroller of the Currency (OCC) Bulletin on Third Party Relationships and Regulation W, are adhered to for U.S. Banks' Affiliate Task Orders
• Collaborate with stakeholders to facilitate the oversight the execution and performance of Bank Affiliate Task Orders-leading discussions with stakeholders in support of oversight of internal Affiliate lifecycle management, including agreement creation with appropriate process level descriptions, cost and service levels, periodic risk monitoring, and contract termination
• Complete ongoing affiliate SLA Criticality Assessments with stakeholders
• Provide oversight and training to ensure adherence to the Banks' Inter-Affiliate Management Policies and Procedures
• Prepare and present results of monitoring assessments, identified risks and remediation progress, and escalation of issues to senior bank management
• Support the execution of the First Line of Defense Oversight and monitoring program-identifying, measuring, and reporting emerging risks
• Drive Institutional risk related initiatives to ensure products are connected to firm-wide or Bank-wide programs, including being able to identify the need for technology and process changes within the products.
• Support execution across various Operational Risk frameworks in accordance with Firm and U.S. Bank requirements, including :

Issue and incident management

Experience and Knowledge :

Skills :

WHAT YOU CAN EXPECT FROM MORGAN STANLEY :

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work.

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Expected base pay rates for the role will be between $ 110,000 and $190,000 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.

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership / union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M / F / Disability / Vet).