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.
Fraud Operations is seeking a Risk Director to lead key Risk and Control activities across the Fraud organization. The Risk Officer is responsible for the documentation, measurement, analysis, and mitigation of operational risk. The specialist accomplishes this through a range of activities such as process and control documentation and testing; insuring supervisory procedures are in place; reviewing compliance with firm policies and regulatory expectations; analyzing key risk metrics; and documenting and executing remediation plans. The specialist will generally perform these risk and control framework responsibilities in collaboration with functional process owners in operational areas such as trade support, clearance and settlement, and corporate actions.
QUALIFICATIONS
Candidate will be responsible for a broad set of risk management activities. Executing the front to back operational control framework that allows Fraud Ops to efficiently, effectively, and consistently manage risk across the organization. Administering the Risk & Control Self-Assessment (RCSA). Overseeing Cross Divisional Risk Reporting to Senior Management and Senior Bank Stakeholders. Managing the central Operations Risk Incident Reporting Program for Fraud Ops, Partnering with the Alert Vetting production Lead, as well as the Fraud Analytics and CTB Leads. Consulting with internal groups such as Firm Operational Risk, Compliance, Legal, and other Ops teams on matters related to risk controls, self-assessments, incidents and infrastructure projects. Coordination of risk trends happening across the entire Fraud Ops organization.
Primary Responsibilities:
- Monitoring, assessment and testing of control activities performed by functional teams through a Risk and Control Self-Assessment (RCSA) discipline
- Participation in periodic internal audits through the entire exam life-cycle
- Periodic reviews and maintenance of control tools (e.g., system entitlements, desktop procedures, supervisory procedures and check-lists)
- Remediation of risk issues, audit findings, processing inefficiencies, etc.
- Definition, publication, and testing of internal policies impacting the risk and control framework
- Root cause analysis on risk incidents
- Fostering risk management skills through training and development of colleagues, both in the risk and control organization and the functional processing teams
- Adhoc leadership of project teams
-Execution of the Business Continuity Strategy for Fraud Ops.
-Managing Information Security and Entitlements Strategy and activities for Fraud Ops.
-Participate in ad-hoc risk/control projects.
Qualifications:
- College degree (BS or BA) preferably in accounting, economics, finance, statistics or related disciplines
- 5-7 years minimum experience in financial services operations with at least two years in operational risk management
- Hands-on experience with using quantitative (metrics) and qualitative tools (e.g., process narratives and flows, incident reports) to assess areas of risk and identify risk mitigation options
- Hands-on experience applying risk management precepts such as separation of duties, information security disciplines, and supervisory reviews
- Strong analytical skills, including root cause analysis
- Strong communication skills, both oral and written, including experience with business process documentation and preparing management reports using PowerPoint
- Collaboration and teamwork skills and experience, including strong interpersonal skills
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