The role of Director in Bank Operations Oversight is a high profile opportunity to work with and support senior leadership across Operations groups (e.g. SSBO, ISG Product Ops, Wealth Management Ops, Ops Risk & Control) as well as across divisions (e.g. Front Office, Financial Control, Legal and Compliance, Information Technology) to execute on their responsibilities to the U.S.
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- Day to day operational support via oversight and central point of escalation for Operations areas supporting the U.S. Bank Entities
- Working with various product areas to establish the correct booking and support structure for products affecting the U.S. Bank Entities.
- Oversight and implementation of U.S. bank regulatory initiatives as they apply to Operations.
- Centralized monitoring, validation, collateral management, and reporting of Covered Credit Transactions (under Regulation W) on the U.S. Bank Entities.
- Verification of 23A / 23B Regulation W exception management documentation and closure processes within Operations across multiple product types (e.g. FX, Fixed Income, Repo).
- Ongoing review and maintenance of Service Level Agreements (SLAs) and Task Orders between the U.S. Bank Entities and affiliates (e.g. Morgan Stanley & Co., LLC, Morgan Stanley & International plc.) for Operations services provided to the Banks.
- Review, analysis and post-mortem of Operational Risk Incidents (ORIs), Key Risk Indicators (KRIs), audit/exam findings, and/or regulatory findings as they pertain to Operations groups supporting the U.S. Bank Entities.
- Working with Bank Management on strategic initiatives including expansion of the Bank into new product offerings and cost optimization planning.
- Assist Bank Management with strategic business initiatives by reviewing, performing due diligence on, and approving New Product Approvals (NPAs). Centralized review of NPAs for Operations with additional focus on U.S. Bank Entity impact.
- Oversight of operations activity related to the U.S. Banks? pledging and contingent funding activities with the Federal Reserve Bank of New York and Federal Home Loan Bank.
- Production of key Operations reporting to Senior Management of MSBNA and MSPBNA.
QUALIFICATIONS
Skills Required:
- Previous experience in an Operations line function, and with Morgan Stanley products, services, operations and technology.
- Highly motivated self-starter with excellent prioritization and multi-tasking abilities.
- Can deal with ambiguity and bring focus with recommendations on solving tactical and strategic challenges.
- Experience in risk management related to daily processing, escalation of issues and proposed resolution.
- Ability to work in a fast paced environment, both independently and as part of a team.
- Ability to act assertively and with tact on complex and sensitive issues.
- Excellent verbal and written communication skills.
- Can identify key control points within a process, and then provide assessment of the preventative and detective controls.
- Able to meet tight deadlines and has an execution-focused approach.
Skills Desired:
- Understanding of U.S. banking industry and key regulations applicable to Morgan Stanley businesses.
- Understanding of technical risk and control environments, such as experiences in informational security and business continuity management.
- Understanding of key products on the U.S. Bank Entities and experience in Morgan Stanley Operations areas supporting those products.
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