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VP, Data Risk

AT Morgan Stanley
Morgan Stanley

VP, Data Risk

New York, NY

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.

Background on the Position
The role will reside within the Morgan Stanley Risk Data team within the Firm Risk Management Division. Risk Data is responsible for the development and promotion of data standards, governance, and monitoring of the Risk Data Domains' adherence with the Global Data Quality Policy and the BCBS 239 Governance Framework.

Risk Data seeks a Vice President to join the Risk Data team based in New York. The selected candidate will be part of a team focused on partnering with Risk Domains to develop and drive strategic solutions to implement BCBS 239 components, process efficiency, and strengthen data governance across the Firm's Risk. This includes leading the team and guiding the Risk Domains in their support of initiatives related to their adherence with BCBS 239 principles and the Global Data Quality Policy.

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Primary Responsibilities
1. Design and facilitate implementation of BCBS 239 component processes related to data governance across Risk; ensuring scope, timeliness, and requirements are met and in accordance with BCBS 239 principles
2. Co-ordinate, partner with and influence Risk Domain leads to prepare and support implementation of BCBS 239 components, including Critical Reports, Time of Stress, EUC, Manual Process
3. Manage governance process to ensure framework standards are met across Risk Domain, Functional Areas, and Legal Entities, including leading governance committees
4. Develop and update policies, procedures and/or processes as needed to ensure adherence with BCBS 239 principles
5. Lead co-ordination, management and preparations for internal and external examinations, track and monitor audit deliverables
6. Ensure key risks and issues are identified, documented, mitigated, and communicated to the appropriate stakeholders in a timely manner
7. Prepare and present BCBS 239 materials, including approval packages to various senior management committees and forums
8. Team Management including mentor/coaching junior team members, provide supervisory oversight, coordination of the team's tasks and escalating issues in a timely manner

Experience, Qualifications
1. Possess Bachelor's degree; MBA or MA preferred
2. 6+ years of work experience in the financial services industry preferably in risk management, or equivalent experience
3. Proficiency in Microsoft Office programs (Word, Excel, PowerPoint)
4. Strong collaboration, relationship building and teamwork skills
5. Strong understanding of BCBS 239 and risk management and controls concepts
6. Knowledge and exposure to US and EMEA financial regulations including BCBS 239 is preferred
7. Ability to work effectively on multiple projects under tight deadlines
8. Strong attention to detail, problem-solving skills, and ability to provide information in usable formats
9. Ability to effectively communicate with a wide range of stakeholders, both written and verbally
10. Ability to run meetings with multiple stakeholders and business areas
11. Strong organizational and project management skills

Expected base pay rates for the role will be between $120,000 and $200,,000 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.

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).

Client-provided location(s): New York, NY, USA
Job ID: Morgan-549782125561
Employment Type: Other

Perks and Benefits

  • Health and Wellness

    • Health Insurance
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • Short-Term Disability
    • Long-Term Disability
    • Fitness Subsidies
    • On-Site Gym
    • Pet Insurance
    • Mental Health Benefits
    • FSA
    • Virtual Fitness Classes
    • HSA
  • Parental Benefits

    • Fertility Benefits
    • Adoption Assistance Program
    • Family Support Resources
    • Return-to-Work Program
    • Birth Parent or Maternity Leave
    • Non-Birth Parent or Paternity Leave
    • Adoption Leave
  • Work Flexibility

    • Hybrid Work Opportunities
  • Office Life and Perks

    • Commuter Benefits Program
    • Company Outings
    • On-Site Cafeteria
    • Holiday Events
  • Vacation and Time Off

    • Paid Vacation
    • Paid Holidays
    • Leave of Absence
    • Volunteer Time Off
    • Personal/Sick Days
  • Financial and Retirement

    • 401(K) With Company Matching
    • Stock Purchase Program
    • Performance Bonus
    • Relocation Assistance
    • Financial Counseling
  • Professional Development

    • Tuition Reimbursement
    • Promote From Within
    • Mentor Program
    • Access to Online Courses
    • Lunch and Learns
    • Work Visa Sponsorship
    • Leadership Training Program
    • Associate or Rotational Training Program
    • Internship Program
  • Diversity and Inclusion

    • Diversity, Equity, and Inclusion Program
    • Employee Resource Groups (ERG)