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.

Department Profile

The role will reside within the Wealth Management (WM) and U.S. Banks Risk Department, which provides enterprise risk management support across several key functions that include governance, risk reporting, risk monitoring, strategic projects/initiatives, and business management.

Background on the Position

This role is within WM & U.S. Banks Enterprise Risk Management function. The primary objective of the role is to be responsible for reviewing, challenging, and executing risk management processes, ensuring robust risk governance and compliance with regulatory requirements, and ensuring timely risk reporting to Senior Management.

Primary Responsibilities

This role offers an opportunity to engage closely with stakeholders across Firm Risk Management, U.S. Banks, Wealth Management, and Business Control Units. Key responsibilities include:

> Aggregating and monitoring financial and non-financial risk limits and key risk indicators to assess the need for new or adjusted metrics
> Reviewing and Challenging risk-related processes and activities executed by both the First Line of Defense (1LOD) and Second Line of Defense (2LOD)
> Preparing monthly and quarterly reports sand presentations for Senior Management, Board of Directors, and Risk Management Committees
> Supporting the New Product Approval process by coordinating risk impact assessments with 2LOD stakeholders
> Engaging in internal audit and regulatory remediation efforts
> Identifying and implementing opportunities to strengthen internal controls and risk management processes
> Analyzing and interpreting regulatory requirements to proactively identifying areas impacting the firm and emerging risks
> Coordinating and delivering ad-hoc risk monitoring and reporting as needed

> 1-3 years of experience in the Financial Services industry, ideally within Enterprise Risk Management, Regulatory Agencies, Consulting, or Internal Audit.
> Proven experience in enterprise risk management, including risk assessments, risk identification, risk monitoring and reporting in a highly regulated environment.
> Strong understanding of risk management frameworks and methodologies, and regulatory requirements, with knowledge of industry best practices.
> Excellent analytical, interpretive, and problem-solving skills, with the ability to develop practical solutions to complex business challenges.
> Excellent communication skills, both verbal and written, with the ability to produce clear and concise presentations.
> Strong organization skills with the ability to manage multiple priorities and meet competing deadlines.
> High attention to detail and follow-through
> Ability to manage ambiguity and evolving requirements.
> Ability to work collaboratively in a small team environment, building and maintaining a network of contacts, and effectively coordinating with multiple stakeholders.

Expected base pay rates for the role will be between $75,000 and $95,000 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.

This role is hybrid and currently requires in office attendance 3 days/week. The in office requirement is subject to change at any time.

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 base 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 the law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).

Firm Risk Management values diversity and is committed to providing a supportive and inclusive workplace for all employees.