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Job description

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.

Team Profile
The Third Party Program Management (TPPM) group is a dedicated First Line of Defense (LoD) function within Reengineering & Expense Management (REM) and the Finance division, established to more effectively manage risks associated with Morgan Stanley's use of internal and external Third Parties to provide goods and services. TPPM is part of REM alongside Accounts Payable and Firmwide Sourcing.
TPPM's key objectives are:
• Enable a firm-wide Third Party Risk Management (TPRM) program based in 1st LoD
• Implement a firm-wide TPRM strategy, processes and tools
• Execute due diligence and ongoing monitoring
• Implement clear, consistent information and reporting to identif...

Before you apply, we encourage you to learn more about Morgan Stanley

Be unique. Be authentic. However you prefer to say it, we really mean it. Our culture embraces people’s diverse perspectives and creates a positive environment where everyone belongs. We’re determined to build a better, more connected world for everyone.

Employer Focus


• Implement clear, consistent information and reporting to identify, measure, monitor and manage firm-wide risks
• Maintain compliance with regulatory requirements
This role will report into the Global Head of Third Party Program Management.

Primary Responsibilities
The role will be responsible for leading the EMEA Third Party Program Management team to facilitate implementation and enforce consistent compliance with the Firm's TPRM Framework in the region. The job holder will lead a regional team to support Morgan Stanley's Business Units and support functions to manage Third Party risks and maintain all Third Party arrangements in compliance with the Firm's internal policies, external rules and relevant regulations on all aspects of the Third Party and outsourcing risk management.
Specific responsibilities include:
• Oversees all aspects of Third Party risk management in the region, ensuring TPPM objectives are delivered in a consistent manner with the global Framework and regional and jurisdictional internal policy and regulatory requirements are addressed; partner with 2LoD, including Legal and Compliance departments, as required
• Supports Morgan Stanley's Business Units and support functions in managing Third Party risks in accordance with the Firm's TPRM Framework, coordinating with other functional and regional TPPM teams as required; partner with 2LoD, including Legal and Compliance departments, as required
• Partners with other TPPM global, regional and functional leads to: (i) ensure global Framework is fully embedded across the region; (ii) oversee the Firm's adherence with global and regional regulatory requirements and industry best practices (iii) share regional best practice
• Builds strong stakeholder engagement model to promote TPPM in the region and support the firm-wide change management
• Participates in Third Party Governance Committee (TPGC) and co-chairs EMEA Outsourcing Governance Committee (EMEA OGC)
• Act as an escalation point for significant EMEA risk issues or material change and ensure these are escalated to the TPGC and EMEA OGC, as appropriate
• Maintains an in-depth understanding of the Firm's operations, outsourcing environment, industry knowledge and regulatory changes in EMEA, particularly in the UK, Germany, Switzerland, Ireland, Poland; keep the global team apprised of EMEA perspectives
• Reviews and measures EMEA team's achievements against defined metrics to assess effectiveness of the organization
• Identifies training needs and coordinates training delivery with respect to BU roles and responsibilities and TPPM processes (i.e., appropriate supporting groups, inventory/tracking, strategy, etc.) in EMEA
• Identifies and manages inter-dependencies with local initiatives, including Recovery and Resolution Planning and Operational Resilience, with an objective to leverage and consolidate people, process and technology components to optimize risk management in both BAU and resolution
• Makes staffing decisions and utilizes succession planning to accelerate the team development and provide appropriate degree of staffing contingency in the region
• Provides a strong leadership presence in establishing, prioritizing and coordinating operational projects including all Third Party risk and outsourcing-related dialogue and reporting to regulators, considering resources needs, timelines, improvements to the controls and efficiency of processes

Qualifications
Skills required
The successful candidate will have experience in Third Party and outsourcing risk management in a management role for Banking or Financial Services organizations. More specifically, qualifications ought to include:
• Experience in a management role working with global teams in a fast-paced environment with a demonstrated ability to meet goals and deadlines
• Experience in Third Party and outsourcing risk management in Banking or Financial Services organizations
• Strong understanding of outsourcing and Third Party risk regulatory landscape in EMEA (incl. UK, Germany, Switzerland, Ireland, Poland) is required
• Deep knowledge of internal control and risk management with strong understanding of business operations
• Experience implementing and/or maintaining operating models for a Third Party risk management function in global industries with a strong customer centric focus
• A demonstrated ability to think strategically, to build credibility and to influence key internal and external stakeholders
• Exceptional project management skills evidenced by a track record of success leading engagements or other problem-solving initiatives requiring coordination of cross-function team members with varied backgrounds and skills
• Proven ability to lead, influence, train, coach, motivate others and demonstrated ability to enforce accountability to drive results
• Experience participating in Third Party and outsourcing risk reviews for regulatory and/or internal audit
• Excellent communication and presentation skills and proven ability to effectively interact with senior management
• Outstanding written skills and experience setting achievable and specific organizational objectives in a clear and concise way
• Ability to discern where to place efforts/actions to add the greatest value and maximum impact
• High energy level, intelligence, maturity and unquestionable integrity with a team orientation
• Ability to be flexible, adjust to changing priorities and unforeseen events, and proactively adjust strategy and approach from new learnings
• Master's degree or equivalent combination of training and experience, MBA preferred

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.
Job Sector
Other
Job Position
Other
City/Town
London
Address
London, UK Show on map
Post date
Closing date

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