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, strategic, 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. Additionally, the role will support and oversee the activity on the U.S. Banks which provide an array of banking services, traded products and loans to individuals and institutions.

Background on Position

This role is responsible for managing Strategic Risk, including oversight and execution of framework, management of risk processes, risk reporting and involvement in Strategic initiatives and Strategic Planning processes

Primary Responsibilities

The role offers an opportunity to work closely with stakeholders across Firm Risk Management, the business and other control functions that support the U.S. Banks. Key responsibilities include:
- Oversee framework and continue to develop and enhance monitoring/reporting
- Manage risk management monitoring including KRI reporting and escalation
- Conduct quarterly Strategic Risk Appetite assessments
- Prepare monthly and quarterly reports for Senior Management and Risk Management Committees
- Support New Product Approval Process including Strategic Risk evaluations
- Manage quarterly Risk Assessment processes
- Assist with leading monthly calls with Senior Management
- Analyze and interpret regulatory requirements to proactively identify areas impacting Strategic Risk and emerging risks
- Coordinate and deliver ad-hoc risk monitoring and reporting as needed
- Establish and maintain relationships with key stakeholders

- 5-7 years of experience in the Financial Services industry, ideally within Strategic Risk, Enterprise Risk Management, or Finance
- Working Knowledge of derivatives and institutional products
- Solid understanding of finance and accounting principles including financial reports, budgets and capital management
- Strong proficiency with Microsoft Office suite (PowerPoint, Excel) and PowerBI
- Excellent analytical, interpretive, and critical thinking 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 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 $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.
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.