Compliance - Asia Operational Risk Coverage Officer - Executive Director

Company Profile:

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.

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.

Department Profile:

The cornerstone of Morgan Stanley's risk management philosophy is the execution of risk-adjusted returns through prudent risk-taking that protects Morgan Stanley's capital base, liquidity and franchise. 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) impacting the full scope of its business activities, including revenue-generating activities and infrastructure groups.

The Firm has developed a robust Operational Risk Management Framework designed to identify and assess significant operational risks and ensure appropriate mitigation actions are undertaken. The Framework is based upon a "Three Lines of Defense" model within which ORD operates as part of the Second Line of Defense, providing independent oversight and challenge to the management of operational risk across the Firm. Given the nature and breadth of operational risk, operational risks are managed at multiple levels e.g. Firmwide, as well as Regional, Business Unit, Infrastructure Group, Control Function and Legal Vehicle.

Position Description:

Morgan Stanley is seeking an experienced Risk professional for its Asia Operational Risk Department (ORD).

We are looking to attract a senior recruit to the Asia Operational Risk Coverage team, to be based in Singapore or Hong Kong reporting to the Head of Asia Operational Risk.

Primary Responsibilities:

The Asia Operational Risk Coverage team is responsible for working with business and infrastructure units to identify, analyse, assess and challenge operational risk associated with the processes and controls relevant to each area. Coverage Officers are responsible for driving the effectiveness and embeddedness of the Operational Risk Management Framework within the Firm's Business Units, Infrastructure Groups and Control Functions.

Specific responsibilities include:

• Enhance / build solid client relationships with key senior individuals relevant to designated coverage responsibilities;
• Develop in-depth understanding of the business and operational risks within designated coverage areas;
• Assist the divisions in highlighting their Key Operational Risks and management of risk levels against designated risk tolerance limits at a divisional and Firm level;
• Carry out deep dives into material operational risk events (internal and external) and analyses of thematic and emerging operational risks;
• Challenge operational risk incidents, issues and actions, metrics, Risk Control Self Assessments (RCSAs) and Scenario Analysis workshop outputs
• Assist in the enhancement of the Operational Risk programme and embedding of the framework and standards
• Assist in reporting to Boards and Committees