Insurance Risk Manager

Morgan Stanley is seeking an experienced Insurance Risk Manager to join our Risk and Insurance Management Department (RIMD). This Executive Director role focuses on professional liability lines including Directors & Officers Liability (D&O), Fiduciary Liability, Surety/ERISA bonds, and commodities-related property and liability (Marine) policies as well as an expertise in Professional Liability coverages for the Firm's Investment Management business including its various Fund boards.

The position reports to the Managing Director/Global Head of Risk & Insurance Management (RIMD) and collaborates with various business units to effectively manage insurable risks across the Firm.

RIMD is situated within the Corporate Services division which delivers solutions that empower our global workforce to operate effectively and efficiently in service of our clients. Within this division, the Risk and Insurance Management Department (RIMD) oversees the administration of insurance programs designed to mitigate and transfer risk. The team is responsible for structuring, negotiating, and implementing property and casualty insurance policies, negotiating insurance settlements and Firmwide risk transfer strategies as well as carrying out various operational risk controls.

At Morgan Stanley Alpharetta, we support the breadth of the Firm's global business and functions from Wealth Management and Institutional Securities to Technology and Operations, Finance and Human Resources divisions. With the 2020 acquisition of E-TRADE, which has its largest footprint in Alpharetta, Morgan Stanley super-charged its Wealth Management business to deliver a first-class experience for the digitally inclined investor and trader. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. There's ample opportunity to move about the business for those who show passion and grit in their work.

We are a team of collaborators and creative thinkers, driven by diverse experiences and a shared commitment to excellence. If you're passionate about innovation, risk management, and making a global impact-this is the place for you.

Interested in joining a team that's eager to create, innovate and make an impact on the world? Read on...

What you'll do in the role:
- Insurance Program Management: lead the renewal process for various insurance policies, including Business Unit-specific professional liability programs and corporate/global programs
- Manage one direct report: provide direction, leadership/mentorship to a Director-level colleague
- Data Coordination & Submission: manage the preparation of renewal applications, gather and analyze exposure data, ensure accuracy and completeness, and submit applications to underwriters
- Stakeholder Engagement: create and deliver PowerPoint presentations for Business Units, Fund Boards, and Senior Management as needed
- Claims & Settlements: maintain the claims database, work with internal stakeholders and external consultants, and negotiate settlements
- Mergers and Acquisitions Due Diligence: lead the insurance due diligence process for mergers and acquisitions
- Policy Audits & Compliance: conduct reviews/audits of insurance policies to ensure complete documentation and alignment with negotiated terms
- Contract Reviews: evaluate contracts and agreements for compliance with minimum insurance standards
- Risk Management Information System (RMIS): maintain and analyze data on policy coverage, premiums, and claims status
- Insurance Allocation Management: oversee internal processes related to cost allocation and insurance budgeting

What you'll bring to the role:
- 10+ years of experience in Risk & Insurance Management and/or the insurance industry
- Bachelor's degree preferably in Business, Finance, Accounting, Risk Management, or a related field
- Strong proficiency in Microsoft Office (Excel, PowerPoint, etc.)
- Associate in Risk Management (ARM), Chartered Property and Casualty Underwriter (CPCU)
designation and/or other designations or commitment to obtain
- Strong oral/written communication and negotiation skills
- Excellent organizational and technical abilities
- Must excel both as a team player and an independent contributor
- Proactive problem-solver with a continuous improvement mindset
- Comfortable working under tight deadlines and managing multiple projects

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.

Expected base pay rates for the role will be between $155,000 and $240,000 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).