U.S Banks Affiliate Risk Vice President

U.S. Banks Affiliate Risk Vice President

Morgan Stanley is a global financial services firm that maintains significant market positions in each of its business segmentsInstitutional 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.

The U.S. Banks Affiliate Risk Vice President position is responsible for ensuring that all covered transactions and related intercompany agreements between a Bank and its non-banking affiliates are tracked, reviewed, and managed for regulatory compliance and sustained business line relevance. This role is vital for maintaining appropriate affiliate relationships and mitigating risk.

Affiliate Agreement Inventory Management and Tracking

Draft agreements and terms to memorialize recurring services or transactions between the U.S. Banks and their various non-banking affiliated.

Maintain a comprehensive, centralized inventory of all affiliate agreements and covered transactions.

Work with business lines and control functions to identify, tag, and capture all intercompany agreements subject to Regulation W.

Compliance and Oversight

Review new and existing affiliate agreements to ensure they are consistent with safe and sound banking practices, comprehensive for the services provided, and conducted on market terms.

Develop and implement controls and procedures to address the complexities of Regulation W across intercompany agreements with different business lines and applicable pricing methodologies.

Serve as a subject matter expert on Regulation W and sections 23A / 23B for all relevant stakeholders.

Reporting and Communication

Develop and prepare regular reports and metrics for senior management and the board of directors on the status of the Affiliate Agreement program.

Provide support for internal and external audits and examinations by preparing documentation and responding to inquiries.

Escalate identified compliance gaps, overdue activities, and other issues to the appropriate compliance and business leaders.

Collaborate with Legal, Risk, and business units to provide guidance on the development and implementation of new or modified activities and modeled transactions between the U.S. Banks and their non-banking affiliates.

Qualifications

Bachelor's degree in Finance, Business or other related field

10+ years of relevant experience in risk management, commercial contract drafting, intercompany contracting documentation and governance in the financial services industry is a plus

Familiar with Information Technology risks in general and Cloud technologies specifically (SaaS, PaaS, IaaS, Public & Private Cloud)

Demonstrate an understanding of various compliance and regulatory areas (e.g. FFIEC, NIST)

Strong sense of ownership, accountability, and entrepreneurial spirit

Strong project management, organization, communication, and analytical skills

Ability to manage ambiguity and bring focus with recommendations on solving tactical and strategic challenges

Ability to work in a fast paced environment, both independently and as part of a team, and under strict deadlines

Strong at identifying key control points within a process, and then provide assessment of the preventative and detective controls

Strong interpersonal skills - freely develops networks, builds consensus, prioritizes effectively, and develops alliances across organizations

Strong written and oral communication skills will be important for this role as effective communication of our role to IT, the business units, regulators, and our vendors is critical

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).