Non-Financial Risk Vice President
Morgan Stanley
Non-Financial Risk Vice President
Morgan Stanley
Manages investments and advises on financing
We’re seeking to join our team as a Vice President within the Non-Financial Risk department, with focus on Compliance experience and expertise with coverage responsibility for the India Global Centre.
In the Legal & Compliance division, we assist the Firm in achieving its business objectives by facilitating and overseeing the Firm’s management of legal, regulatory and franchise risk. This is a Vice President level position within the Coverage Advisory. The role will help raise compliance and non-financial risk management standards across the relevant coverage areas, promote consistency in the design and operation of compliance processes and controls, and provide independent second line oversight, challenge and advisory support on compliance, regulatory and integrated risk management matters.
Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.
What you'll do in the role:
Manage regulatory risk for the India Global Centre across Mumbai and Bengaluru, including local licensing, regulatory issues and compliance with applicable laws and regulations
Maintain effective communication and working relationships with local regulators, including supporting regulatory interactions and reviewing or preparing required license applications
Provide guidance on Software Technology Park of India (STPI), Customs and other relevant regulations to internal stakeholders, and advise senior management on laws and regulations relating to offshoring and Global Centre operations
Work closely with India Global Centre Management, onshore India LCD, Asia Pacific Legal and Compliance Division management, regional NFR colleagues and global counterparts to support consistent compliance and non-financial risk practices across the Firm
Ensure internal stakeholders, India Global Centre Management, colleagues and staff are informed of relevant legal and regulatory developments and their implications, particularly as they relate to the Firm’s offshoring operations in India
Attend meetings with STPI in Pune or Bangalore to represent MS India Global Centre
Run LCD governance meetings and support NFR Committee meetings, Board-level reporting and other senior management governance forums
Coordinate closely with global functions that provide governance over offshoring operations, including compliance teams in sending locations
Coordinate with internal teams to deliver Global Centre-wide projects and non-financial risk reviews that may have regulatory, compliance or other risk implications
Coordinate with external vendors, consultants, external counsel and other advisers on compliance, regulatory and licensing matters
Support the implementation of the Firm’s compliance and risk policies, procedures, core values and Code of Conduct across the Mumbai and Bengaluru offices
Design and deliver compliance, conduct and non-financial risk training materials and sessions for relevant audiences, including dissemination of the Firm’s Core Values and Code of Conduct
Assist in defining and delivering an evolving annual book of work, with regular review and engagement with senior stakeholders
Review, update and draft compliance manuals, notices, policies and procedures in response to regulatory, business or risk management developments
Assist in compliance monitoring, testing and reviews of offshoring business units, including review of global outsourcing requirements, subcontracting to third parties and new inter-affiliate outsourcing proposals
Apply sound judgment to identify, assess and escalate material compliance and non-financial risks to relevant senior managers and regional LCD stakeholders
Support the enhancement and embedding of the Non-Financial Risk programme, including preparation of risk dashboards, NFR metrics and reporting for Boards and Risk Committees
What you'll bring to the role:
At least 12+ years of relevant industry experience, with strong regulatory advisory, compliance and regulatory risk management experience, with a strong ethical foundation
University degree or equivalent qualification preferred; CA, MBA, CS, LLB or similar professional qualification would be advantageous
Strong knowledge of STPI, Customs and/or similar regulations, with sound understanding of the Indian offshoring business environment; knowledge of data privacy requirements and Department of Telecommunications (DOT) guidelines would be an added advantage
Demonstrated experience engaging with regulators, auditors and senior stakeholders, including the ability to interpret regulatory requirements and advise management on practical implications for India Global Centre, offshoring and outsourcing operations
Strong written and verbal communication skills, with the ability to influence, negotiate and present regulatory and risk matters clearly to senior stakeholders and governance forums
Excellent collaboration and stakeholder management skills, with the ability to build trusted relationships and work effectively with India Global Centre Management, Legal and Compliance, regional and global teams, regulators, auditors, vendors and external advisers
Ability to analyze and advise on complex compliance and non-financial risk issues related to financial services, offshoring, outsourcing and regulatory change
Strong analytical skills, attention to detail and sound judgment, with the ability to review data and situations, identify risks and resolve issues in a timely manner
Ability to make, support and defend complex regulatory, compliance and risk decisions in a fast-paced environment
Well organized, practical and structured approach to problem solving, task management and execution
Self-motivated, flexible and willing to learn and execute broader non-financial risk requirements
Proficiency in Microsoft Office applications and ability to prepare clear management reporting, dashboards and committee materials
Coverage
Monday to Friday from 9.00 AM to 6.00 PM India time
Location: Mumbai (4 days per week in office)
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. 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.
To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.
Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.
Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.
For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.
Manages investments and advises on financing
Morgan Stanley advises companies and governments on financing and manages investments for institutions, individuals, and families. Its business combines investment banking and securities trading with wealth management and an asset-management division that invests across public and private markets. Bankers arrange stock and bond sales and advise on mergers, while advisors build client portfolios and fund managers invest money under agreed strategies. The firm earns advisory and management fees, trading revenue, commissions, and interest from lending and deposits. Morgan Stanley was founded as a partnership in 1935 and is headquartered in New York City.
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