Recruiting Contact Name: Renae Barlieb
Recruiting Contact Email: Renae.Barlieb@morganstanley.com
Firm Risk Management
Firm Risk Management (FRM) supports Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, operational, model and other risks.
Background on the Position
The role will reside within Firm Risk Management's U.S. Banks Enterprise Risk Management (ERM) Team. The ERM Associate role is focused on policy management and central risk governance framework activities, change initiatives, as well as managing key business as usual processes.
The role is responsible for the Banks' Risk Governance Framework, policy and procedure management, Swap-Dealer reporting, and assisting in governance reporting. The role offers an opportunity to work closely with stakeholders across Firm Risk Management, First Line of Defense, and with other stakeholders that support the U.S. Banks and affords the prospective individual the potential to build new programs and create effective outcomes. The Associate will contribute to major projects working with senior stakeholders across the enterprise to enhance and centralize activities within the ERM team.
Primary Responsibilities
> Contribute to high priority change initiatives with a focus to enhance the Banks' Risk Governance Framework and related procedures.
> Implement processes to enhance the central ERM oversight program focusing on policy management, Risk Appetite, and other key risk programs.
> Develop meaningful results in all aspects of projects, effectively communicate recommendations to senior-level executives, and assisting in creating updates to external parties.
> Support the team in identifying and developing solutions for emerging risks and areas of focus.
> Coordinate and deliver on ad-hoc requests, including creating presentations for senior management and regulators. > 4+ years of full-time enterprise risk management, governance and/or regulatory experience in the financial services industry, with business, policy and procedure writing experience.
> Bachelor's degree or equivalent, ideally in Finance, Economics, Law or similar.
> Excellent communication skills, both verbal and written, with ability to produce concise and effective presentations.
> Consultative mindset with the confidence to take ideas forward and to challenge others, where appropriate.
> Understanding of banking regulation in relation to risk management, specifically OCC Heightened Standards.
> Strong organizational skills with the ability to multitask and prioritize with strong proficiency with Microsoft Office suite (PowerPoint, Excel).
> Self-starter with a strong sense of ownership, accountability, and work ethic.
> Ability to adapt in response to changing circumstances and work in a fast-paced environment, both independently and as part of a team, and under strict and changing deadlines
> Ability to work in a small team environment, coordinate with a large number of stakeholders and build and leverage professional networks.
FRM is committed to creating and providing opportunities that enable our workforce to reflect diverse backgrounds and views.
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 $85,000 and $140,000 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).