Morgan Stanley

Director - Business Risk – US Banks - Conduct Risk (Wealth Management)

Posted On

Oct. 9, 2024

Location

Mumbai, Maharashtra

Experience Level

Freshers/Experienced

Job Type

Permanent

Apply By

Nov. 20, 2024

Job Description

Description:
Morgan Stanley (MS) is a global financial services firm that conducts its business through three principal business segments-Institutional Securities, Global Wealth Management via Wealth Management (WM), and Asset Management. WM's network includes approximately 15,000 Financial Advisors with total client assets of over $1.5 trillion. WM provides comprehensive financial advice and services to its clients including brokerage, investment advisory, financial and wealth planning, credit and lending, deposits and cash management, annuities, insurance, retirement, and trust services.
Morgan Stanley's U.S. Banks (Morgan Stanley Private Bank, National Association and Morgan Stanley Bank, N.A.) provides deposit and lending products and services to serve the needs of Morgan Stanley's Institutional and Wealth Management clients and seeks a Conduct Risk Associate as part of the Bank's First Line Operational Risk Organization.
Key responsibilities
> Manager will be responsible for supporting key governance/management risk deliverables related to the banking and lending activities of Financial Advisors and the Private Bank's Distribution Sales Team.
> Creation of the Bank's quarterly Dual Employment Oversight Committee materials and taking of meeting minutes
> Creation of the Bank's quarterly Private Bank Distribution Sales Team Risk report
> Assist in the quarterly compiling of the Bank's quarterly Cross Conduct Risk (CCR) Reporting Forum materials
> Co-ordinating timelines for deliverables across numerous priorities and working to ensure deadlines are met on-time.
> Bank Compliance Issue logging, tracking and completion confirmation to ensure all OpenPages items are correctly closed out within required time frames.
> Mentor /Train junior team members in terms of personal development, oversee production to ensure deliverables are on time and are of high quality, and provide timely feedback.
Qualifications
> Bachelor's Degree or higher
> 5 to 9 years of experience in operational risk management, business management, legal/compliance, banking and lending product risk advisory, or internal audit
> Strong understanding of operational risk within the Financial Services industry (e.g. Private Banking, Retail Banking, Investment Banking and/or Wealth Management)
> Broad knowledge of lending and deposit product risks including risks related to retail lending & deposit products (including residential home loans, securities-based loans and deposit and cash management products and services (including ACH, wires, Person to Person (P2P), CDs/Structured CDs and credit/debit cards)

Skills/Abilities
> Ability to manage multiple tasks concurrently in an efficient and effective manner
> Strong organizational project management and reporting skills
> Effective written and verbal communication skills
> Ability to work both independently and with team members under tight deadlines.
> Ability to execute in a fast paced, high demand environment while balancing multiple priorities.
> Proficiency in Microsoft Office applications including Excel, PowerPoint, Tableau, SharePoint

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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