Morgan Stanley

Associate - Third Party Risk Management ( Corporate Services)

Posted On

Dec. 23, 2024

Location

Mumbai, Maharashtra

Experience Level

Freshers/Experienced

Job Type

Permanent

Apply By

March 12, 2025

Job Description

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 Services division, we empower our businesses by creating collaborative workplace solutions and commercial services that enhance the employee and client experience, while optimizing the value of our sourcing and third-party lifecycle to enable the Firm to do-and-win business. This is a Associate 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.

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:

• 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, outsourced 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
• Ensure that due diligence and risk assessments are performed for all third party services as well as impacted jurisdictions
• 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 2 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
• 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 85 years. At our foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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.

We're committed to bringing passion and customer focus to the business.

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.

Coverage for Audit Jobs

• Monday to Friday from 12:00PM to 9:00PM India time with flexibility on standard working hours for time sensitive matters.

• Periodic evening calls with US and EMEA Internal Auditors and auditees.

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