Assistant Vice President Banks Business Risk NPA and PCM

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.

Our U.S. bank subsidiaries, Morgan Stanley Bank N.A. (“MSBNA”), Morgan Stanley Private Bank, National Association (“MSPBNA”), 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. Bank subsidiaries from the Institutional Securities business segment primarily includes secured lending facilities and commercial real estate loans. Lending activity recorded in the U.S. Bank Subsidiaries 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. Additionally, the U.S. Bank subsidiaries with the Institutional Securities business segment have trading activities, which include rates derivatives and FX.

The New Product Approval (“NPA”) evaluation and execution process and the Product Change Management Program (“PCMP”) are integral parts of the U.S. Banks’ risk governance frameworks to prudently manage the non-financial and financial risks associated with identifying, documenting, tracking, escalating, and reporting Business Unit initiatives to modify existing Bank products or to offer a brand-new product.

The U.S. Banks Business Risk New Product Approval (NPA) and Product Change Management (PCM) AVP will be responsible for the following:

Job Responsibilities:

• Provide analytical and documentation support for the 1LOD Business Risk Management NPA and PCM Quorum Member as well as provide support to the 1LOD NPA Risk Manager.

• Work with management and risk partners covering various Bank strategic initiatives and product change management due diligence which may include deep dive reviews of the end-to-end process being proposed by the Banks business units.

• Aid the business and proposers to understand the requirements from a risk perspective on operational readiness.

• Collaborate with the businesses and other stakeholders in the development of process flows to map inherent risks and their mitigating controls, including updates to the Risk and Control Assessments (RCSA)

• Track and report on status of due diligence across all NPA and PCM proposals and across all Quorum Members.

• Facilitate conversations where there are interdependencies across quorum areas (e.g., Tech, Ops, Vendor Risk, Privacy, Info Sec, Reg W, Model Risk, and Dual Officer programs).

• Conduct analysis to consider the impacts of the strategic initiatives from a thematic perspective to ensure appropriate considerations on risk impact and metrics, including open issues and incidents.

• Collaborate with stakeholders across 1st and 2nd Lines to confirm comprehensive and consistent practices are followed to allow for a successful oversight program that proactively manages and assesses operational risk.

• Attend and participate in relevant management meetings and committees.

Qualifications:

• Minimum of 5 years of professional risk management experience in the financial services industry; preferably in a highly regulated environment.

• Experience in operations, finance, compliance, or audit is a plus.

• Bachelor’s Degree in Finance, Economics, or Business Administration is preferred.

• Project Management expertise is a plus.

Required Skills:                              

• Ability to work in a fast-paced, high-demand environment, both independently and as part of a team, under tight deadlines and with the ability to manage multiple priorities concurrently, efficiently, and effectively.

• Attention to detail, strong analytical, quantitative, and problem-solving skills.

• Strong interpersonal, verbal, and written communication skills; capable of clear and concise writing, making presentations to an internal audience, and interacting positively with upper management, colleagues, and clients.

• Risk management experience including governance, reporting, policy procedure review, audit/regulatory support.

• Strong project management, organizational and reporting skills.

• Excellent verbal and written communication skills, presentation skills and the ability to influence and interact with senior members of the Bank.

• Strong sense of ownership and accountability; is willing to be fungible and has an entrepreneurial spirit.

• Proficient use of Microsoft Office Suite of products including Excel, Word, and PowerPoint.

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.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices​ into your browser.

Expected base pay rates for the role will be between $85,000 and $140,000 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).