Associate - Operational Risk Quality Assurance -US Bank (Wealth Management)

This role is an Associate position is within the US Banks First Line Operational Risk team. This team is one of the teams that comprise the Business Risk Management organization. The Associate will also work closely with Operational Risk Managers in executing the issues management and risk and controls functions for the US Banks First Line of Defense.

Responsibilities
> Assist in the execution of the US Banks First Line Risk & Control Self-Assessment (RCSA) leading framework responsibilities across Business Units and stakeholders.
o Review US Banks RCSA assessment units (AUs) inclusive of risks, ratings, and rationales.
o Aid in the completion of First Line identified remediation activities.
o Provide support and guidance to AUCs for CILA, CAM, or other RCSA-related systems
o Perform data analysis in support of periodic committee reporting.
- Draft reporting of RCSA Results to Senior Management Committees
- Conduct data reviews across Operational Risk Frameworks to support execution of RCSA-related controls as well as identify synergies between Frameworks.
o Draft desk procedures for current RCSA execution controls
> Support in the implementation of the US Banks First Line Quality Assurance / Quality Check Process.
o Collaborate with risk and control stakeholders by providing SME support in improving RCSA data.
o Assist in creating a QA / QC checklist utilized by the First Line Team in executing the process.
o Maintenance of First Line policies and procedures related to the implemented Process including reviewing and updating as required.
> Support enhancement plans for the RCSA program and developing new strategies to evolve the program as an effective risk management tool.
> NFRA Integration
o Assist in deliverables for US Banks RCSA AUs for the firm-wide Non-Financial Risk Assessment (NFRA) program integration.
o Provide guidance on risk and control triggers and oversight of completion of triggers.
o Support offline review process that will run in parallel to the integration work
> Assist with monitoring of Internal Audits, Regulatory exams, compliance testing, and Self-Identified Issues and Actions as they relate to the US Banks Risk and Controls team.

Required Skills/Experiences
> Bachelor's degree; preferably in Finance, Accounting, Economics, or related field.
> 3+ years of relevant experience in operational risk management, data analytics, audit, or business and management consulting.
> Experience in risk analysis within the financial services industry, and understanding of banking regulatory requirements, is a plus.
> Familiarity with operational and business risk management is highly preferred.
> Strong attention to detail, strong analytical, quantitative, and investigative problem-solving abilities.
> Excellent verbal and written communication skills, including PowerPoint/presentation skills and the ability to influence and interact with senior members of the Bank.
> Ability to analyze a function, process, or transaction, and identify the key risks and controls within it.
> Strong interpersonal skills: Ability to freely develop networks, build consensus, prioritize effectively, and develop alliances across organizations.
> Risk management experience, including control design, risk and control self-assessments, and process identification.
> Ability to work in a fast-paced, high-demand environment, both independently and as part of a team, under tight deadlines and with the ability to manage multiple priorities concurrently, efficiently, and effectively.
> Strong project management and technical reporting skills (e.g., dashboard creation)
> Proficient with Microsoft Office products and reporting tools (e.g., advanced Excel, Tableau, PowerBI, etc.)

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 85 years. At our foundation are five core values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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.

We're committed to bringing passion and customer focus to the business.

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.