U.S. Banks Affiliate Risk Oversight Execution Assistant Vice President

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. banking subsidiaries, Morgan Stanley Bank, N.A. (“MSBNA”), Morgan Stanley Private Bank, National Association (“MSPBNA”), each, a “Bank” and 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. Banks from the Institutional Securities business segment primarily includes secured lending facilities and commercial real estate loans. Lending activity recorded in the U.S. Banks 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.

Description:

The Assistant Vice President (AVP) in Affiliate Risk Oversight (ARO) serves as a key member of 1L Operational Risk within U.S. Banks Business Risk and is responsible for supporting the U.S. Banks’ Internal Affiliate program.

This role is responsible for identifying, measuring, monitoring, controlling, and reporting operational risks, while enabling consistent execution of risk management practices across the Banks. The AVP will work closely with business owners to ensure accountability for risks created within their respective lines. This role is vital for maintaining appropriate affiliate relationships and mitigating risk. The goal of this position is to strategically organize, lead and drive change to continue to educate and improve on the ARO structure and value. The program’s framework includes the following areas of responsibility:

Key Responsibilities:

• Ensure key regulatory guidance and requirements, particularly Office of the Comptroller of the Currency (OCC) Bulletin on Third Party Relationships and Regulation W, are adhered to for U.S. Banks’ Affiliate Task Orders

• Provide oversight and training to ensure adherence to the Banks’ Inter-Affiliate Management Policies and Procedures

• Prepare and present results of monitoring assessments, identified risks and remediation progress, and escalation of issues to senior bank management

• Support the execution of the First Line of Defense Oversight and monitoring program—identifying, measuring, and reporting emerging risks

• Drive Institutional risk related initiatives to ensure products are connected to firm-wide or Bank-wide programs, including being able to identify the need for technology and process changes within the products.

• Support execution across various Operational Risk frameworks in accordance with Firm and U.S. Bank requirements, including: Issue and incident management, Risk and Control Self-Assessment (RCSA), Control validation, Risk assessments and metrics, Exam and audit support

• Perform and oversee tasks related to Risk Control Self Assessments (RCSA), including evaluating risks, impacts, and mitigating controls, engaging with business partners, and documenting results

• Support U.S. Banks Institutional Businesses during internal and external audits, including document reviews and participation in exam meetings

• Collaborate with Risk partners (Legal, Compliance, Central Business Risk, 2nd Line Risk Groups) to resolve issues and obtain guidance

• Manage the production of management reporting materials and prepare for monthly risk meetings

• Perform data analysis and produce Excel reporting as needed

Experience and Knowledge:

• Minimum 5+ years of professional experience in financial services; operational risk, enterprise risk management, finance, compliance or audit

• Bachelor’s