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Morgan Stanley · 7 hours ago

U.S. Banks Affiliate Risk Oversight Execution VP

Purchase, NY

Full-time

Hybrid

Mid, Senior Level

$110K/yr - $190K/yr

7+ years exp

Morgan Stanley is a global financial services firm that provides a wide variety of products and services to a diverse group of clients. The Vice President in Affiliate Risk Oversight is responsible for supporting the U.S. Banks’ Internal Affiliate program by identifying, measuring, monitoring, controlling, and reporting operational risks while ensuring compliance with regulatory guidelines.

Asset ManagementFinanceFinancial ServicesLending

Responsibilities

Ensure key regulatory guidance and requirements, particularly Office of the Comptroller of the Currency (OCC) Bulletin on Third Party Relationships and Regulation W, are adhered to for U.S. Banks’ Affiliate Task Orders

Collaborate with stakeholders to facilitate the oversight the execution and performance of Bank Affiliate Task Orders—leading discussions with stakeholders in support of oversight of internal Affiliate lifecycle management, including agreement creation with appropriate process level descriptions, cost and service levels, periodic risk monitoring, and contract termination

Complete ongoing affiliate SLA Criticality Assessments with stakeholders

Provide oversight and training to ensure adherence to the Banks’ Inter-Affiliate Management Policies and Procedures

Prepare and present results of monitoring assessments, identified risks and remediation progress, and escalation of issues to senior bank management

Support the execution of the First Line of Defense Oversight and monitoring program—identifying, measuring, and reporting emerging risks

Drive Institutional risk related initiatives to ensure products are connected to firm-wide or Bank-wide programs, including being able to identify the need for technology and process changes within the products

Support execution across various Operational Risk frameworks in accordance with Firm and U.S. Bank requirements, including:

Issue and incident management

Risk and Control Self-Assessment (RCSA)

Control validation

Risk assessments and metrics

Exam and audit support

New product approval and product change management

Collaborate with Risk partners (Legal, Compliance, Central Business Risk, 2nd Line Risk Groups) to resolve issues and obtain guidance

Perform and oversee tasks related to Risk Control Self Assessments (RCSA), including evaluating risks, impacts, and mitigating controls, engaging with business partners, and documenting results

Support U.S. Banks Institutional Businesses during internal and external audits, including document reviews and participation in exam meetings

Manage the production of management reporting materials and prepare for monthly risk meetings

Perform data analysis and produce Excel reporting as needed

Qualification

Operational risk managementRegulatory frameworksRisk assessmentsFinancial services experienceProject managementAnalytical skillsExcel proficiencyPowerPoint proficiencyInterpersonal skillsCommunication skills

Required

Minimum 7+ years of professional experience in financial services; operational risk, enterprise risk management, finance, compliance or audit

Bachelor's degree in Finance or Accounting or a related discipline

Proven experience in operational risk management within financial services

Strong understanding of regulatory frameworks and risk governance

Experience with risk assessments and exams (Regulator, Internal Audit, Operational Risk, and Compliance)

Understanding of RCSA or similar operational risk management frameworks

Experience working with cross-functional teams

Ability to demonstrate experience with Institutional financial products inclusive of derivatives

Strong knowledge of banking risk, regulatory and/or compliance rules and regulations

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

Proven track record of working across organizational boundaries and having the ability to work in a matrixed organization; leveraging resources across the organization to complete deliverables

Proficient in creating PowerPoint presentations and performing Excel data analysis

Familiarity with SharePoint, Microsoft Windows, and Microsoft Office software

Strong project management, execution, and reporting skills

Confident, proactive, and independent self-starter

Strong organizational skills and ability to prioritize tasks

Ability to work in fast paced, high-demand environment, both independently and as part of team

Consistent attention to detail with strong analytical, quantitative, and investigative problem-solving abilities