What are the responsibilities and job description for the Associate, Risk/Policy Management position at Morgan Stanley?
Company Profile
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment, and wealth management services. The Firm's employees serve clients worldwide, including corporations, governments, and individuals from more than 1,200 offices in 43 countries.
In the Firm Risk Management division, we advise businesses across the Firm on risk mitigation strategies, develop tools to analyze and monitor risks and lead key regulatory initiatives.
What You’ll Do In The Role
Morgan Stanley Services Group Inc. is seeking an Associate, Risk/Policy Management in New York, New York to support the Firm 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. Provide independent validations to assess the adequacy and operating effectiveness of processes owned and operated by the first line of defense, including teams across Credit, Market, Liquidity, and Operational Risk. Independently validate the integrity of processes and controls that support Basel regulatory risk-based capital calculations, Comprehensive Capital Analysis & Review (CCAR) submissions, and Advanced Measure Approach (AMA) measurements for Operational Risk. Perform independent validations of select risk-owned processes, including those relating to regulatory and Basel requirements. Support execution of governance, risk assessment, process review and validation, and monitoring and reporting. Leverage testing observations to contribute to improving the team's validation methodology and execution capabilities. Interface with key stakeholders, governing bodies, and business partners to review status of validation work, results of test work, and quarterly reporting. Partner with Model Validation and Regulatory Reporting teams to support a unified validation program end-to-end. Telecommuting permitted up to 2 days per week.
What You’ll Bring To The Role
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 $138,000 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.
Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.
Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.
For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment, and wealth management services. The Firm's employees serve clients worldwide, including corporations, governments, and individuals from more than 1,200 offices in 43 countries.
In the Firm Risk Management division, we advise businesses across the Firm on risk mitigation strategies, develop tools to analyze and monitor risks and lead key regulatory initiatives.
What You’ll Do In The Role
Morgan Stanley Services Group Inc. is seeking an Associate, Risk/Policy Management in New York, New York to support the Firm 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. Provide independent validations to assess the adequacy and operating effectiveness of processes owned and operated by the first line of defense, including teams across Credit, Market, Liquidity, and Operational Risk. Independently validate the integrity of processes and controls that support Basel regulatory risk-based capital calculations, Comprehensive Capital Analysis & Review (CCAR) submissions, and Advanced Measure Approach (AMA) measurements for Operational Risk. Perform independent validations of select risk-owned processes, including those relating to regulatory and Basel requirements. Support execution of governance, risk assessment, process review and validation, and monitoring and reporting. Leverage testing observations to contribute to improving the team's validation methodology and execution capabilities. Interface with key stakeholders, governing bodies, and business partners to review status of validation work, results of test work, and quarterly reporting. Partner with Model Validation and Regulatory Reporting teams to support a unified validation program end-to-end. Telecommuting permitted up to 2 days per week.
What You’ll Bring To The Role
- Requires a Master’s degree in Financial Risk Management, or a related field of study.
- Requires two (2) years of experience in the position offered or two (2) years as a Financial Services Senior Associate, Associate, or a related role in the financial services field.
- Requires two (2) years of experience with the following skills:
- PowerBI;
- Python;
- SQL;
- Risk, control self-assessment (RCSA) process;
- Performing data linage traceability to originating source; testing and evaluating control design and effectiveness;
- Writing a process flow or translating procedure to a process flow;
- Identifying issues from data lineage traceability and controls process testing, evaluating the issue risk rating and remediation activities and timeline proposed by process owner; and
- Writing formal validation reports.
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 $138,000 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.
Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.
Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.
For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.
Salary : $138,000 - $140,000