Investment Management Operational Risk Coverage Officer

Firm Overview

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.

Legal and Compliance Division Overview

The professionals in the Legal and Compliance Division LCD provide a wide range of services to our business units. LCD is made up of the Legal, Regulatory Relations, and Non-Financial Risk departments which preserve the firm's invaluable reputation for integrity and protect the firm from sanctions with policies and procedures that are designed to meet regulatory requirements around the world. We also strive to maintain cooperative relationships with governmental policy makers and the regulatory and self-regulatory agencies that govern the firm's businesses.

Background on the Position

We are looking for an inspiring leader to join MSIM's operational risk coverage team. The role will reside within 2nd line Non-Financial Risk's Operational Risk Department.

Operational risk is defined as the risk of loss or impacts resulting from inadequate or failed internal processes, people and systems or from external events. The Firm may incur operational risk across the full scope of its business activities, including revenue-generating activities (e.g., fund investment) and control groups (e.g., information technology and fund administration).

The principal role as the MSIM Operational Risk Coverage Officer is to partner with the Firm's Investment Management Business Units and Control Groups to provide independent advice and guidance on execution of business activities, strategic programs and initiatives, ensure operational risk policies and procedures are executed as intended and to conduct independent oversight activities such as proactive risk reviews.

Primary Responsibilities

> Partner with the Investment Management Business Unit and related Control Groups, to act as the primary second line relationship manager with first line risk teams for operational risk matters, including liaising with second line specialty risk, compliance, global financial crimes and testing teams

> Play an active role in preparing relevant Governance topics and materials, providing risk management insight, review and challenge

> Oversee losses and impacts to investment management and monitor mitigating actions

> Advise on investment management process and control design as well as remediation

> Identify areas of emerging or heightened risk. Monitor risk factors and trends within Investment Management to confirm appropriate risk reduction and remediation.

> Perform deep dives and Lessons Learned exercises into material operational risk events (internal and external) and analyses of thematic operational risks

> Lead Scenario Analysis activities where significant and emerging risks are assessed

> Play an active role in the review and approval of new products and new activities originating from the Investment Management Business

> Work collaboratively in a high performing global team responsible for identifying, assessing, reporting, and capturing operational risk information

Qualifications & Experience

> 10+ years of work experience in Financial Services, preferably including experience in an Investment Management / Asset Management environment and/or experience in navigating a large investment banking firm environment. Internal experience in business, risk, audit and/or control functions (e.g. Operations, Finance) is strongly preferred

> Strong understanding of Investment Management rules & regulations, in addition to public (Equities, Multi-Asset, Fixed Income etc.) and private (Alternatives, Private Credit etc.) markets.

> Success with operating and managing within a matrix reporting environment, including oversight, delegation, prioritization, performance reviews and evaluations.

> Self-starter with the ability to independently formulate and execute new ideas, and to critically evaluate risks

> Strong communication and organization skills with the ability to multitask and prioritize; ability to work under pressure and to tight deadlines

> Bachelor's degree or equivalent, ideally in a quantitative discipline, Finance, Economics or similar

Morgan Stanley is committed to creating and providing opportunities that enable our workforce to reflect diverse backgrounds and views.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and a