Shire Jobs

Morgan Stanley is a global financial services firm that maintains significant market positions in each of its business segments— Institutional Securities, Wealth Management, and Investment Management. Morgan Stanley, through its subsidiaries and affiliates, provides a wide variety of products and services to a large and diversified group of clients and customers, including corporations, governments, financial institutions, and individuals. Institutional Securities provides a variety of products and services to corporations, governments, financial institutions, and ultra-high net worth clients. Wealth Management provides a comprehensive array of financial services and solutions to individual investors and small to medium-sized businesses and institutions covering: financial advisor-led brokerage and investment advisory services; self-directed brokerage services; financial and wealth planning services; workplace services including stock plan administration; annuity and insurance products; securities-based lending, residential real estate loans and other lending products; banking; and retirement plan services.

Our U.S. bank subsidiaries, Morgan Stanley Bank N.A. (“MSBNA”), Morgan Stanley Private Bank, National Association (“MSPBNA”), collectively, (“the U.S. Banks”) accept deposits, provide loans to a variety of customers, including large corporate and institutional clients as well as high to ultra-high net worth individuals, and invest in securities. Lending activity recorded in the U.S. Bank Subsidiaries from the Institutional Securities business segment primarily includes Secured lending facilities and Commercial real estate loans. Lending activity recorded in the U.S. Bank Subsidiaries from the Wealth Management business segment primarily includes Securities-based lending, which allows clients to borrow money against the value of qualifying securities, and Residential real estate loans.

The U.S. Bank Subsidiaries seek a Vice President (VP) to join the First Line Business Risk team to provide risk oversight for the U.S. Banks Payments Risk. This team is one of the teams that comprise the Business Risk Management organization. He or she will be responsible for aiding in the build out of a Dedicated Business Risk Coverage team for the Banks shared services which is responsible for establishing risk management coverage model of working with the various key stakeholders within the shared services embedded risk teams ensuring continuous and consistent monitoring and escalation of the various risk frameworks (e.g. Issues/Action Plans, Operational Risk Incidents, Metrics, Reporting, Risk Assessments).. The individual will work with management, the US Bank Businesses and Risk partners to aid in the execution of key initiatives and projects while ensure compliance with U.S. Banks risk management policies and procedures.

The VP U.S. Banks First Line Business Risk Officer will be responsible for the following:

Job Responsibilities:

• Ensure the Business Risk Payments Program includes elements to identify measure, monitor, control, and report on the current and emerging risks and mitigating control environment in accordance with regulatory requirements and guidelines. • Implement sound risk management practices in support of the Banks Operational Risk frameworks as they apply to Payments related activity including Risk and Control Assessments (RCSA), Operational Risk Incident Management, Issues and Actions Management • Collaborate with stakeholders and across all three lines of defense to confirm comprehensive and consistent practices are followed to allow for a successful oversight program of Payment Risk hat proactively manages and assesses operational risk. • Support with both internal (Internal Audit) and external (Regulatory) exams and periodic meetings impacting payments related activity. This includes, but is not limited to, review of requested documentation prior to submission, and inclusion in exam meetings with stakeholders (i.e., process and control walk throughs, issue identification, etc.) • Assist with the buildout and ongoing management of the US Banks Payments Risk Framework and act as Bank representative for Firmwide Payment Framework alignment • Attend and participate in relevant management meetings and committees • Support the Bank’s execution of key payment-related projects and initiatives, including process, risk, and control identification and assessments, risk remediation, and operational readiness.

Required Experience: •10 years of professional risk management experience in financial services industry; preferably in a highly regulated environment. Experience in operations, finance, compliance, or audit is a plus. •Experience with Payments activity/ risk management a plus •Bachelor’s Degree in Business Management, Finance, Accounting, Economics (Preferred). •Project Management expertise is a plus. •Experience interacting with regulators a plus. Required Skills:

•Ability to work in a fast-paced, high-demand environment, both independently and as part of a team, under tight deadlines and with the ability to manage multiple priorities concurrently, efficiently, and effectively. •Attention to detail, strong analytical, quantitative, and problem-solving skills. •Strong interpersonal, verbal, and written communication skills; capable of clear and concise writing, making presentations to an internal audience, and interacting positively with upper management, colleagues, and clients. •Risk management experience including governance, reporting, policy procedure review, audit/regulatory support. •Strong project management and reporting skills. •Excellent verbal and written communication skills, presentation skills and the ability to influence and interact with senior members of the Bank. •Strong sense of ownership and accountability; is willing to be fungible and has an entrepreneurial spirit. •Proficient use of Microsoft Office Suite of products including Excel, Word, and PowerPoint. Expected base pay rates for the role will be between $120,000 and $180,000 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. *Expanded legislation requires that roles that sit in other state locations, but report to a manager in NY, must have the above language included in postings with the pay scale reflective appropriately to the location where the role will be sitting. 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 basis 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 law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).

Job: *Operational Risk

Title: US Banks Operational Risk Vice President Dedicated Business Risk Coverage Payments

Location: New York-Purchase

Requisition ID: 3255212

Other Locations: Americas-United States of America-New York-New York