Senior Associate, Non-Financial Risk Assessment Program

We’re seeking someone to join our team as a Senior Associate to the Non-Financial Risk Assessment (NFRA) team which is responsible for designing, implementing, and maintaining the Firm's framework for identifying, assessing, and managing non-financial risks. We ensure robust controls are in place to mitigate risks and protect the firm's reputation and clients. The team partners closely with business units, technology, and risk functions to drive a culture of risk awareness and continuous improvement.

The Non-Financial Risk Assessment (NFRA) team is responsible for designing,
implementing, and maintaining the Firm's framework for identifying, assessing, and
managing non-financial risks. In the Audit division, we provide senior management with
an objective and independent assessment of the Firm’s internal control environment.
The NFRA team ensures robust controls are in place to protect the firm's reputation and
clients by partnering closely with business units, technology, and risk functions to drive
a culture of risk awareness.
Since 1935, Morgan Stanley has been a global leader in financial services, and this
Associate position within Business Audit is key to inspecting controls across front,
middle, and back-office functions.
What you’ll do in the role:
• NFRA Program Leadership: Facilitate the execution of the firm’s NFRA program,
working with 1st and 2nd line of defense teams to ensure consistent compliance
with minimum standards.
• Risk Identification & Audit: Collaborate with stakeholders to identify and
document non-financial risks, ensuring exposures are understood and
appropriately managed within the audit framework.
• Quality Assurance & Issue Resolution: Conduct independent quality reviews of
risk assessments and controls; partner with stakeholders to drive timely
remediation of thematic issues.
• Data Analysis & Reporting: Analyze risk and control data to identify trends and
gaps. Prepare insightful reports and presentations for senior management and
governance forums.
• Stakeholder Management: Serve as a subject matter expert, maintaining stron
relationships with functional lines, technology, and risk counterpart
(Operational, Compliance, and Financial Crimes).
• Continuous Improvement: Identify opportunities to strengthen the contro
environment leveraging data analytics and industry best practices.

What you’ll bring to the role:

• Experience: At least 4 years of relevant financial services experience (Big 4 or
Risk Consulting experience is highly valued).• Technical Knowledge: Strong understanding of the regulatory environment,
specifically regarding Operational, Compliance, and Financial Crimes Risk.
• Risk Expertise: Hands-on experience with enterprise risk programs, including
risk, process, and control assessment (RCSA) and validation.
• Analytical Skills: Advanced Excel