Third Party Risk, Director, LCD Data and Analytics

We’re seeking someone to join our team as a Director in Legal and Compliance Division.

In the Legal & Compliance division, we assist the Firm in achieving its business objectives by facilitating and overseeing the Firm’s management of legal, regulatory and franchise risk. This is a Director level position within LCD Data and Analytics job family.

Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.

What you'll do in the role:

• Focus on execution of second line risk oversight framework activities to support identification, assessment, mitigation, and reporting of aggregate portfolio-level exposure and risks associated with the US Banks affiliated and non-affiliate third parties and sub-contractors.
   
• Participate and lead quarterly risk management activities including risk and control self-assessment (RCSA), priority risk reviews, concentration risk reporting, scenario analysis, production and analysis of risk metrics in support of risk identification.
   
• Execute Operational Risk activities within the Bank's operational risk department (ORDs) framework to demonstrate oversight and challenge of vendor risk and visibility to level of governance and risk management within the Bank's tolerance.
   
• Collaborate with first line and second line program colleagues in the execution of controls, risk metrics and reporting, as appropriate.
   
• Engage with senior colleagues in the broader Firm and US Banks Risk Division, and in the first line of defense including Firm Third Party Program Management, US Banks Vendor Management team, other business units and support functions, as appropriate.

What you'll bring to the role: 

• An undergraduate degree (i.e., B.A., B.S., or equivalent) is required, ideally in an area related to risk management. Advanced degree holders are also encouraged to apply.
   
• 3-5 years' experience in the financial services industry within risk management; exposure to sourcing / procurement, vendor risk management is preferable.
   
• Logical and critical thinking, experience with risk analytics and reporting ability to analyze complex sets of data and convert to meaningful risk information and reporting.
   
• Strong risk analytics experience and problem-solving skills with the ability to effectively manage several tasks concurrently and work in a high pressure environment to meet deadlines.
   
• Program or project management skills with a focus on effectively communicating complex analytical concepts to senior management.
   
• Self-led with a demonstrated ability to collaborate globally across multiple functional areas while maintaining suitable independence and effective challenge.
   
• Ability to work on challenging assignments in a dynamic environment, carry out quantitative and qualitative data analysis, synthesize information, distill relevant facts, and reach logical conclusions
   
• Detail oriented mindset with strong organization skills with the ability to multitask and prioritize
   
• Team player with the ability to work under pressure and meet deadlines
   
• Proven ability to anticipate and identify risks and identify effective mitigation
   
• Proficiency in Microsoft Word, Excel, Access and PowerPoint
   
• Familiarity with visualization tools (e.g., Tableau) and vendor risk management tools (e.g., Archer, Process Unity, ServiceNow, etc.) is preferable.
• At least 4 years' relevant experience would generally be expected to find the skills required for this role

Preferred Experience

• Familiarity with relevant Banking, Financial Holding Company and securities regulations
  Experience with Archer, iShield or other vendor data aggregation systems
   
• Affiliate or Third Party Risk Compliance / regulatory oversight
   

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.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices​ into your browser.

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.