Morgan Stanley

Associate - Operational Mapping, ORD (Legal & Compliance)

Posted On

May 16, 2024

Location

Mumbai, Maharashtra

Experience Level

Freshers/Experienced

Job Type

Permanent

Apply By

July 17, 2024

Job Description

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, and individuals from more than 1,200 offices in 43 countries.

As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

Legal and Compliance Division Profile

Legal & Compliance Division (LCD) comprises of Legal, Compliance, Global Financial Crimes, Operational Risk and Regulatory Relations. Compliance, Global Financial Crimes and Operational Risk are together referred to as Non-Financial Risks (NFR)

· The Legal Department provides guidance, requirements, and procedures for understanding and complying with the laws, regulations and Firm policies that apply to our businesses.

· The Global Compliance Department identifies applicable Compliance Obligations and maintains a Firmwide Compliance Risk management program, including Compliance Risks that transcend business lines, legal entities, and jurisdictions of operation.

· Global Financial Crimes is responsible for the development and governance of the Firm’s financial crime prevention efforts across all regions and business units. Global Financial Crimes is comprised of the Anti-Money Laundering (AML), Sanctions, Anti-boycott, Anti-Corruption (ACG), Government, and Political Activities Compliance (GPAC) programs.

· Operational Risk refers to the risk of financial or other loss, or potential damage to a firm’s reputation, resulting from inadequate or failed internal processes, people, systems, or from external events. Operational Risk Department (ORD) defines the framework, standards, and governance for Operational Risk for the Firm, and implements and monitors the company-wide operational risk program. ORD works with the business units and control groups to help ensure Morgan Stanley has a transparent, consistent, and comprehensive program for managing operational risk, both within each area and across the firm globally.

· The Global Regulatory Relations Group (GRRG) is responsible for strategic and centralized management of the supervisory activities of Morgan Stanley’s regulators and related developments globally, with a focus on regulatory reviews and examinations and continuous monitoring activities. GRRG serves as the central point of contact for the regulatory staff responsible for supervisory activities at Morgan Stanley entities and for timely reporting to Firm management and other governance or management bodies, as appropriate, on those relationships and supervisory processes, including areas of significant regulatory focus or concern.

LCD Center of Excellence – Mumbai (LCDCoE) is a part of Morgan Stanley’s Global In-house Center, which provides global support to LCD and is an integral part of Firm and LCD strategy.

Job Summary

The objective of the Operational Mapping Program is to own and govern a dataset which maps all of the Firm’s inter-affiliate service relationships for the Firm’s operating and service entities, as well as business processes performed, and the resources required to execute them. This data is leveraged for numerous use cases including Regulatory Reporting, Recovery and Resolution Planning, Business Continuity Planning, Operational Resilience Testing, Non-Financial Risk Self-Assessment etc.

The primary function of the Ops Mapping Associate is to facilitate compliance with Operational Mapping requirements. The candidate will need to become a subject matter expert on current and emerging program requirements, including understanding the regulatory drivers of the Operational Mapping use cases. The candidate will coordinate with stakeholders around the Firm to ensure the Operational Mapping data is fit for purpose and accurately maintained.

The Ops Mapping Associate will work with the wider Operational Mapping Team & Technology to drive the maturation of our Operational Mapping capabilities. The candidate will leverage stakeholder relationships and subject matter expertise to help guide the prioritization of program needs, ensuring our capabilities evolve to support a changing regulatory landscape. Additionally, the Ops Mapping Associate will support the maturation of our Operational Mapping capabilities with a goal of increasing data quality and efficiency, leveraging modern technology solutions such as semantic knowledge graphs, machine learning etc.

Primary Responsibilities

1) Data Analysis & Reporting

§ Develop / Facilitate reporting of Operational Mapping data to satisfy regulatory reporting on an ad hoc basis.

§ Perform quality assurance on the Operational Mapping data, providing appropriate challenge to drive high data quality.

§ Mature our machine assisted capabilities to systematically gather, challenge and enrich declared data using additional data sources.

2) Stakeholder Relationship Management

§ Facilitate training to newcomers to the program and existing end users on a periodic basis.

§ Establish and maintain relationships with partners in Legal, Compliance and various risk programs to maintain a complete and current understanding of the regulatory requirements & Firm Policies/Procedures that drive Operational Mapping requirements.

§ Lead and/or participate in various stakeholder forums including working groups, steering committees etc.

3) Facilitate and coordinate the due diligence review process consisting of the following:

§ Identifying changes and impact based due to Organization, Legal Entity, Service / Process / Vendor / Application Triggers

§ Work with various stakeholders to identify the specific changes and facilitate the updates required within the Firm's systems.

§ Work with the entitlement team to make entitlement changes.

§ Log changes in application and corresponding criticality within SWORD as a part of the Application and Vendor trigger process

Skills Required/Preferred

§ Minimum 3 years of working experience in international financial institutions or consulting firms.

§ Bachelor’s degree required; economics, finance, business, or another analytical discipline preferred. Master’s degree is a plus.

§ Cross-discipline and geographical stakeholder management with commensurate experience

§ Excellent communication skills, both written and spoken

§ Logical thinking, ability to analyze complex sets of data and convert to meaningful risk reporting.

§ Detail oriented

§ Proficiency in Microsoft Word, Excel, Access, and PowerPoint

§ Some level of experience with a query language (e.g., SQL) and relational databases would be an asset.

§ Self-motivated with an ability to work independently and think creatively.

§ Ability to present to and interact with senior management when needed.

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise 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.

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