Job Information
Morgan Stanley Director- Operational Risk - Deep Dive (Wealth Management) in Mumbai, India
Operational Risk – Deep Dives -Director
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, and individuals from more than 1,200 offices in 43 countries.
As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Wealth Management (WM) Operational Risk:
Morgan Stanley Wealth Management Operational Risk group is responsible for overseeing the operational risk and control framework within the Wealth Management business unit. This team partners with the Business Risk and Control groups throughout the organization to implement control processes and procedures, report operational losses and reporting, manage audits and exams with Compliance and Internal Audit, organize the annual Risk and Control Self-Assessment, and coordinate new operational risk programs in partnership with the business as well as Firm Operational Risk Management.
This role will provide broad exposure to all functions and business lines within Wealth Management. The main responsibilities of this role will be to focus on mitigating risk and improving the control environment within Wealth Management. The responsibilities of the role are a combination of business-as-usual processes as well as discrete projects that are strategic in nature.
Specific duties within the WM Operational risk team will include:
Work closely with Business Risk groups within Wealth Management to conduct an in-depth analysis of key processes, which involves documentation of process flows, policy & procedure review, and stakeholder interviews.
Collate and assess risk and control data to develop a holistic operational risk profile.
Conduct external (Regulatory assessment, competitor benchmarking, market surveillance, etc.) and internal (Governance, reporting, strategy, etc.) business analysis to identify process drivers and emerging risk trends.
Post assessment, perform cost-benefit and prioritization analysis that will be leveraged to formulate and negotiate critical remediation strategies with the business, before being distilled into distinct action plan with assigned owners and due dates.
Socialize findings and remediation plans across various wealth management forums and committees.
Provide oversight and challenge ongoing remediation, and partner with the closure verification team to assess successful completion.
Program governance comprising of reporting on timelines and risk mitigation value add.
Coordinate with Business Units at the completion of deep dive reviews to ensure that risks and controls are effectively managed and documented in the Risk and Control Self-Assessment.
Required Qualifications:
6 years of Risk Consulting or Operational Risk management experience.
Strong familiarity with Wealth Management businesses and functions, as well as the financial services industry.
Solid written and verbal communication skills, with the ability to work with senior stakeholders.
Strong analytical skills. Must take a data and facts-based approach to problem solving.
Strong project management skills with the ability to multitask, prioritize, work under pressure, and meet tight deadlines.
Advanced knowledge of Microsoft Office suite, emphasis on Excel and PowerPoint.
Bachelor’s degree
Desired Qualifications:
Supervisory experience and used to working in a matrixed environment.
Financial product familiarity (Equities, Bonds, Options, ETFs) would be a plus.
Six Sigma certified.
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.
Job: *Wealth Management
Title: *Director- Operational Risk - Deep Dive (Wealth Management) *
Location: Non-Japan Asia-India-Maharashtra-Mumbai (MSA)
Requisition ID: 3257771