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Executive Director - Investment / Asset Management Coverage (Operational Risk Department)

Employer
Morgan Stanley
Location
New York, USA
Salary
Competitive
Closing date
Sep 28, 2022

View more

Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Executive Director - Investment / Asset Management Coverage (Operational Risk Department)

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 Operational Risk Department, as the Global Investment / Asset Management Coverage head.

Operational Risk refers to the risk of financial or other loss, or potential damage to a firm's reputation, resulting from inadequate or failed internal processes, people, systems, or from external events (e.g., fraud, legal and compliance risks or damage to physical assets). The Firm may incur operational risk across the full scope of its business activities, including revenue-generating activities (e.g., sales and trading) and control groups (e.g., information technology and trade processing).

The principal role of the Investment Management Coverage Officer is to partner with the Firm's Investment Management Business Units and Control Groups to proactively identify, assess, challenge and drive mitigation of Operational Risks within the division

Primary Responsibilities
  • Partner with Senior Personnel from the Investment Management Business Units, to proactively review and challenge areas of operational risk within the division
  • Play an active role in Governance, including Global IM Operational Risk Committee: presenting Risk Management updates (as applicable) and providing risk management insight, review and challenge.
  • Identify areas of emerging or heightened risk. Scope and lead risk assessments, directing and performing critical analysis as necessary to ascertain and recommend remediation actions.
  • Perform deep dives and Lessons Learned exercises into material operational risk events (internal and external) and analyses of thematic operational risks
  • Lead Scenario Analysis activities where significant and emerging risks are assessed
  • Lead the review and approval of new products and new activities originating from the Investment Management Business
  • Work collaboratively in a high performing global team responsible for identifying, assessing, reporting, and capturing operational risk information


Qualifications:

Experience
  • 10+ years of work experience within an Investment Management / Asset Management environment; internal experience in business, risk, and/or control functions (e.g. Operations, Finance) roles is strongly preferred
  • Strong Investment Management / Asset Management knowledge
  • Strong understanding of Investment Management rules and regulations
  • The ability to formulate and execute new ideas, and to critically evaluate proposals
  • Strong communication and organization skills with the ability to multitask and prioritize; ability to work under pressure and to tight deadlines
  • Ability to work in a small team environment, building and maintain a network of contacts and coordinating with a senior stakeholder network
  • Bachelor's degree or equivalent, ideally in a quantitative discipline, Finance, Economics or similar
This role requires that all successful applicants be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccinations within 3 days of commencement of employment.

FRM is committed to creating and providing opportunities that enable our workforce to reflect diverse backgrounds and views.

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