What are the responsibilities and job description for the Vice President, 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 a Vice President, Risk / Policy Management in New York, New York to analyze and review Electronic Trading algorithms, including controls and testing methods, as part of the Second Line of Defense oversight. Oversee Electronic Trading limits and controls to ensure the business is consistent with Firms strategy. Implementation of the governance and controls policy for eTrading including assisting in the development of new controls where appropriate. Provide senior management with an independent view of the Firm's Electronic Trading Risks in relation to information and technology practices. Assess the effectiveness of relevant eTrading control environment. Liaise with various control and process owners in Operational Risk Coverage. Review technology and security risk issues as well as internal and external incidents in order to help inform the 2nd line of defense independent view of the eTrading and overall technology and security risk posture of the Firm and its underlying legal entities. Communicate key risks to senior management and risk committees with Electronic Trading updates. Develop and review metrics and escalation reports to monitor risk and control effectiveness, issues and trends. Collaborate across a diverse set of stakeholders including Sales and Trading Business Units, Desk Strategists, Business Unit Risk Management, Compliance, Internal Audit, Technology, and Regulatory Relations. Support the escalation of emerging or developing risks as the technological landscape evolves. 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 $219,000 and $219,000 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 a Vice President, Risk / Policy Management in New York, New York to analyze and review Electronic Trading algorithms, including controls and testing methods, as part of the Second Line of Defense oversight. Oversee Electronic Trading limits and controls to ensure the business is consistent with Firms strategy. Implementation of the governance and controls policy for eTrading including assisting in the development of new controls where appropriate. Provide senior management with an independent view of the Firm's Electronic Trading Risks in relation to information and technology practices. Assess the effectiveness of relevant eTrading control environment. Liaise with various control and process owners in Operational Risk Coverage. Review technology and security risk issues as well as internal and external incidents in order to help inform the 2nd line of defense independent view of the eTrading and overall technology and security risk posture of the Firm and its underlying legal entities. Communicate key risks to senior management and risk committees with Electronic Trading updates. Develop and review metrics and escalation reports to monitor risk and control effectiveness, issues and trends. Collaborate across a diverse set of stakeholders including Sales and Trading Business Units, Desk Strategists, Business Unit Risk Management, Compliance, Internal Audit, Technology, and Regulatory Relations. Support the escalation of emerging or developing risks as the technological landscape evolves. Telecommuting permitted up to 2 days per week.
What You’ll Bring To The Role
- Requires a Bachelor’s in Electronic Engineering, Computer Engineering, or related field of study.
- Requires five (5) years of experience in the position offered or five (5) years as a Analyst, Vice President, S&T Desk Support, Risk Management, or related occupation.
- Requires five (5) years of experience with the following skills:
- Electronic trading concepts, providing risk oversight of trading and controls systems, and providing risk management of trading;
- Databases including BOXI and VBA;
- Algorithmic and Direct Market Access (DMA) trading concepts;
- Market and Operational Risks;
- Monitoring and managing risk limits;
- Reviewing risk limits;
- Electronic trading technologies including order management systems, order routers, risk and control systems;
- Electronic trading concepts including high frequency trading, on exchange/off exchange liquidity, sponsored market access;
- Understanding possible impact of changes in market micro-structure to risks involved in electronic trading business;
- Electronic trading regulatory rules including Market Access Rules (15c3-5);
- Software Development Lifecycle (SDLC), testing and QA; and
- Utilizing Microsoft Excel and PowerPoint.
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 $219,000 and $219,000 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 : $219,000