What are the responsibilities and job description for the FRM Data Risk Governance and Reporting- Associate position at Morgan Stanley?
Job title: FRM Data Risk Team Associate
Division: Risk Management
Role: Risk Data
Level: Associate
Location: New York
Firm Risk Management
The Firm Risk Management (FRM) division supports Morgan Stanley 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 because of credit, market, liquidity, operational, model, and other risks.
Background on the Position
This role resides within Morgan Stanley's FRM Risk Data team. The Risk Data team is responsible for developing and promoting data quality standards and governance, including the monitoring of Risk Domains' (e.g., Market, Credit, Liquidity) adherence with the Firm's Global Data Quality Policy and Risk Data Aggregation Framework (based on the BCBS 239 regulatory standard).
Risk Data seeks an Associate to join the New York based team that is focused on governing and reporting on adherence to data quality policies, procedures, and Framework. The team is also responsible for the regular maintenance of governance documents and processes.
Primary Responsibilities
We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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 $100,000 and $140,000 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).
Division: Risk Management
Role: Risk Data
Level: Associate
Location: New York
Firm Risk Management
The Firm Risk Management (FRM) division supports Morgan Stanley 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 because of credit, market, liquidity, operational, model, and other risks.
Background on the Position
This role resides within Morgan Stanley's FRM Risk Data team. The Risk Data team is responsible for developing and promoting data quality standards and governance, including the monitoring of Risk Domains' (e.g., Market, Credit, Liquidity) adherence with the Firm's Global Data Quality Policy and Risk Data Aggregation Framework (based on the BCBS 239 regulatory standard).
Risk Data seeks an Associate to join the New York based team that is focused on governing and reporting on adherence to data quality policies, procedures, and Framework. The team is also responsible for the regular maintenance of governance documents and processes.
Primary Responsibilities
- Drive governance and reporting on adherence with the Global Data Quality Program and the Risk Data Aggregation Framework
- Develop and update FRM Divisional Data Office & RDA Framework related policies, procedures, governance processes, and reporting, as needed
- Support co-ordination, management and preparations for internal and external examinations, track and monitor audit deliverables
- Ensure key risks and issues are identified, documented, mitigated, and communicated to the appropriate stakeholders in a timely manner
- Prepare governance and reporting materials, including approval packages, for various senior management committees and forums Experience, Qualifications
- Bachelor's degree or higher
- 3 years of work experience in the financial services industry, preferably in data management, governance, and/or reporting
- Knowledge of implementation of risk management policies, frameworks, and procedures; BCBS 239 knowledge preferred
- Strong attention to detail, problem-solving skills, and ability to provide information in usable formats
- Ability to effectively communicate with a wide range of stakeholders, both written and verbally
- Self-motivated to develop expertise in risk management practice
- Ability to run meetings with multiple stakeholders and business areas
- Strong collaboration, relationship building and teamwork skills
- Proficiency in Microsoft Office programs (Word, Excel, PowerPoint)
We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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 $100,000 and $140,000 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).
Salary : $100,000 - $140,000