Risk COO (Risk Management) : Job Level - Vice President
Morgan Stanley•New York, NY
fulltime
Management and Manufacturing
3+ years
Department Profile
The cornerstone of Morgan Stanley's risk management philosophy is the execution of risk-adjusted returns through prudent risk-taking that protects Morgan Stanley's capital base and franchise. Risk Management protects the firm from exposure to losses resulting from defaults by our lending and trading counterparties.
Background on the Position
Morgan Stanley seeks a professional to join the Risk Analysis and Reporting team within the Firm Risk department. Firm Risk provides independent oversight across the Firm's trading and investment activities. Risk Analysis and Reporting is a critical component of Firm Risk, responsible for performing detailed risk analysis, creating comprehensive risk reporting and designing and implementing strategic reporting solutions. The individual will cover a diverse range of responsibilities to facilitate analysis and control of risk information to meet the requirements of the Firm's Risk Management function and the regulators.
To be successful, candidates will need to have a relevant educational background (economics, mathematics, statistics or programming languages), a strong desire to learn, and the ability to work on a multidisciplinary, multi-regional team. Information processed in the department is confidential and thus the candidate must demonstrate integrity. Primary Responsibilities
> Overseeing and enhancing the end-to-end risk reporting processes, ensuring accuracy, timeliness, and compliance with internal policies and regulatory requirements
> Lead a team to manage senior risk committee reporting processes by collaborating with cross functional teams
> Lead projects to design and implement innovative solutions to develop risk reporting capabilities and solve risk data problems to enhance the Firm's risk management capabilities, including developing interactive visualization tooling
> Lead the design and implementation of risk infrastructure projects to enhance data management and risk reporting tooling capabilities.
> Lead strategic Firm Risk Management communication efforts by developing comprehensive senior management and board risk reporting capabilities
> Develop presentations for senior management committees and board of directors.
> Work with regulators and internal audit to remediate gaps in reporting processes / controls
> Experience working under pressure and performing to tight deadlines.
Skills Required > Strong analytical and problem-solving skills
> Strong project management skills
> Excellent written and verbal communication skills, including the ability to summarize information for delivery to senior management
> Strong proficiency with technology, particularly visualization tools, databases, and scripting languages is a plus
> Good understanding of financial products and risk metrics
> Attention to detail and good organizational skills
> Ability to work independently in a fast-paced environment
Qualifications > Bachelors or Master's degree (preferred) with 3-5 years of work experience in finance/accounting/risk management/technology
> Risk management experience in market, credit risk and/or liquidity risk preferred
> Higher degrees or other qualifications related to any of the above areas will be advantageous
What You Can Expect From Morgan Stanley At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. 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. There’s also ample opportunity to move about the business for those who show passion and grit in their work.
To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about\-us/global\-offices into your browser.
Expected base pay rates for the role will be between $120,000 and $205,,000 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.
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).