Company Profile Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management 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. As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Department Profile The EMEA Risk Management Division is responsible for the independent identification, analysis, reporting and escalation of all market, credit and operational risk exposures arising from UK Group business activities, acting independently of business management and providing an effective challenge process.
Position Description Morgan Stanley is seeking a Risk professional for its EMEA Operational Risk Department (ORD) within Firm Risk Management. Operational Risk refers to the risk of financial or other loss, or potential damage to a firm's reputation, resulting from inadequate or failed internal processes, people, systems, or from external events (e.g., f...
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Morgan Stanley is seeking a Risk professional for its EMEA Operational Risk Department (ORD) within Firm Risk Management. Operational Risk refers to the risk of financial or other loss, or potential damage to a firm's reputation, resulting from inadequate or failed internal processes, people, systems, or from external events (e.g., fraud, legal and compliance risks or damage to physical assets) impacting the full scope of its business activities, including revenue-generating activities and infrastructure groups. The Firm has developed a robust Operational Risk Management Framework designed to identify and assess significant operational risks and ensure appropriate mitigation actions are undertaken. The Framework is deployed across Business Units, Infrastructure Groups and Control Functions globally, regardless of Region or Legal Entity. The Framework is based upon a "Three Lines of Defence" model within which ORD operates as part of the Second Line of Defence, providing independent oversight and challenge to the management of operational risk across the Firm.
Primary Responsibilities The EMEA Operational Risk Management Coverage team is responsible for working with business and infrastructure units to identify, analyse, assess and challenge operational risk associated with the processes and controls relevant to each area. Coverage Officers are responsible for driving the effectiveness and embeddedness of the Operational Risk Management Framework within the Firm's Business Units, Infrastructure Groups and Control Functions. Specific responsibilities include: • Enhance / build solid client relationships with key individuals relevant to designated coverage responsibilities; • Develop in-depth understanding of the business and operational risks within designated coverage areas; • Assist the divisions in highlighting their Key Operational Risks and management of risk levels against designated risk tolerance limits at a divisional and Firm level; • Carry out deep dives into material operational risk events (internal and external) and analyses of thematic and emerging operational risks; • Assist in the enhancement of the Operational Risk programme and embedding of the framework and standards • Assist in reporting to Boards and Committees
Qualifications Skills Required • Strong asset management business knowledge, having worked directly in this business area or a supporting infrastructure unit; • Risk Management and Compliance experience within First or Second lines of defence is required; • Good understanding of banking regulation, especially relating to operational risk management, experience working for the FCA/PRA highly desirable; • Strong organizational skills with the ability to multitask and prioritise; ability to work under pressure and to tight deadlines; • Excellent communication skills, both verbal and written; ability to produce concise and effective presentations • Ability to work in a team environment, building and maintain a network of contacts and coordinating with a large number of stakeholders • Master's degree or equivalent, ideally in Laws, Economics or similar.
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing and advancing individuals based on their skills and talents.
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.