We're seeking someone to join our team to be responsible for supporting the ongoing development, implementation, and management of the Firms third party risk management program.
In the Corporate & Enterprise Services division, we provide solutions that enable Morgan Stanley's workforce, across our global workplace locations, to effectively and efficiently work in the service of our clients
This is a Director position within Third Party Risk Management, which specializes in identifying, analyzing, and managing risks presented to a company as a result of working with external parties / vendors.
Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions, and individuals around the world achieve their financial goals.
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At Morgan Stanley Baltimore, we support the Firm's global Technology, Operations, Risk Management, Legal and Compliance, Internal Audit and Finance divisions. Morgan Stanley has been rooted in the Baltimore community since 2003. Our talented and diverse team is one of the largest in the U.S. outside of our New York headquarters and home to industry leading cybersecurity innovation with multiple patents and awards. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences.
What you'll do in the role:
- Support Morgan Stanley's Business Units in identifying and managing Third Party risks in accordance with the Firm's TPRM framework, coordinating with other functional and regional TPPM teams as required
- Monitor and assess Business Units' adherence to policies, standards, and procedures
- Review proposed new, and changes to existing, services, and partner with Business Units to ensure required procedures are followed standards are met
- Track, investigate and report on Third Party incidents and events which impact or pose a risk to Morgan Stanley, coordinating with global TPPM teams and impacted Business Units
- Identify and escalate risks and issues for resolution, escalating to the Regional and Global Head as appropriate, and work with the Businesses and Support Functions to investigate, manage and mitigate
- Provide support to the TPPM teams response to any upcoming changes and challenges in the global regulatory landscape
- Identifying and evaluating key risks and contribute to establishing test scope for Third Party services.
- Leading walkthrough meetings and discussions with the purpose of developing test scope and identifying control issues within Third Party Service onboarding.
- Provide Service Owner Training to Business units on the Third Party Program.
- Monitor and reporting on program metrics that measure against agreed upon SLAs, including monthly scorecards and performing trend analysis
What you'll bring to the role:
- At least 5 years in third party management or equivalent experience
- Experience in Global Banking or Financial Services organizations, preferably in roles relating to Internal control and risk management
- Developing and maintaining strong working relationships with Business Units, Global Supplier services, and Risk groups.
- At least 5 years in Compliance Testing Experience
- Strong risk management and analytical capabilities along with the ability to translate data analysis into actions and results for Senior Management
- Excellent English writing skills with ability to flex messaging to audience is required
- Strong project management skills, including ability to coordinate with cross-functional teams across the globe with varied backgrounds and skills
- Excellent communication and presentation skills and proven ability to effectively interact with team members, Business Units, and peers, earning their trust and establishing credibility
- Strong understanding of multi jurisdictional regulatory requirements for managing Third Party and outsourcing risk in Financial Services organizations
- Experience in developing and maintaining process and procedural documentation
- Bachelor's degree or equivalent combination of training and experience
- Strong proficiency in Microsoft PowerPoint and Word
- Ability to work in a global team environment, building and maintaining a network of contacts and coordinating with a large number of stakeholders
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 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. 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. There's also ample opportunity to move about the business for those who show passion and grit in their work.
Salary range for the position: $75,000 - $120,000/Yr. The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit's incentive compensation plan, which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings.
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 basis 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 law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).