What are the responsibilities and job description for the Associate, Data Risk (Risk Management) position at Morgan Stanley?
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 an Associate 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 developing the procedures, processes, and guiding the Risk Domains in their support of initiatives related to their adherence with BCBS 239 principles and the Global Data Quality Policy.
Primary Responsibilities
3 years of work experience in the financial services industry preferably in risk management, or equivalent experience
Knowledge and exposure to US and EMEA financial regulations including BCBS 239 is preferred
Knowledge of implementation of risk management policies, frameworks, and procedures; BCBS 239 knowledge is preferred
Strong attention to detail, problem-solving skills, and ability to provide information in usable formats
Ability to effectively communicate with a wide range of stakeholders, both written and verbally
Self-motivated to develop expertise in risk management practice
Ability to run meetings with multiple stakeholders and business areas
Strong collaboration, relationship building and teamwork skills
Proficiency in Microsoft Office programs (Word, Excel, PowerPoint)
Expected base pay rates for the role will be between $85,000 and $140,000 per 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.
This role is hybrid and currently requires in office attendance 3 days/week. The in office requirement is subject to change at any time.
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 base 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 the law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
Firm Risk Management values diversity and is committed to providing a supportive and inclusive workplace for all employees.
Posting Date
Jan 10, 2025
Primary Location
Americas-United States of America-New York-New York
Education Level
Refer to Position Description
Job
Risk COO
Employment Type
Full Time
Job Level
Associate
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 an Associate 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 developing the procedures, processes, and guiding the Risk Domains in their support of initiatives related to their adherence with BCBS 239 principles and the Global Data Quality Policy.
Primary Responsibilities
- Facilitate and implement cross-Risk projects successfully by ensuring scope, timeliness, and requirements are met and in accordance with BCBS 239 principles
- Develop the procedure and processes to implement BCBS 239 components, including Critical Reports, Time of Stress, EUC, Manual Process
- Co-ordinate and partner with Risk domain leads to prepare and support implementation of BCBS 239 components
- Implement governance process to ensure framework standards are met across Risk Domain, Functional Areas, and Legal Entities
- Provide business analysis/process improvement support, including designing/documenting process flows, and identifying efficiency opportunities
- Perform detailed analysis on datasets to identify solutions
- Ensure key risks and issues are identified, documented, mitigated, and communicated to the appropriate stakeholders in a timely manner.
- Co-ordinate and prepare BCBS 239 materials for various senior management committees and forums
3 years of work experience in the financial services industry preferably in risk management, or equivalent experience
Knowledge and exposure to US and EMEA financial regulations including BCBS 239 is preferred
Knowledge of implementation of risk management policies, frameworks, and procedures; BCBS 239 knowledge is preferred
Strong attention to detail, problem-solving skills, and ability to provide information in usable formats
Ability to effectively communicate with a wide range of stakeholders, both written and verbally
Self-motivated to develop expertise in risk management practice
Ability to run meetings with multiple stakeholders and business areas
Strong collaboration, relationship building and teamwork skills
Proficiency in Microsoft Office programs (Word, Excel, PowerPoint)
Expected base pay rates for the role will be between $85,000 and $140,000 per 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.
This role is hybrid and currently requires in office attendance 3 days/week. The in office requirement is subject to change at any time.
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 base 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 the law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
Firm Risk Management values diversity and is committed to providing a supportive and inclusive workplace for all employees.
Posting Date
Jan 10, 2025
Primary Location
Americas-United States of America-New York-New York
Education Level
Refer to Position Description
Job
Risk COO
Employment Type
Full Time
Job Level
Associate
Salary : $85,000 - $140,000
