Client Segment Risk, Client Segments,Vice President,Wealth Management
- Mumbai, Maharashtra
- Permanent
- Full-time
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.Wealth Management - Client Segment Organization Overview
Morgan Stanley's Wealth Management business is one of the largest in the world with more than $6 trillion in client assets. The Client Segments (CS) Organization, within Morgan Stanley Wealth Management (MS WM), is comprised of various client channels, providing services to both individual and institutional Clients. Some of the services include Financial Management, Equity Stock Plans, Retirement Plans, Financial Wellness, Marketing, and Reinvestment. The teams focus on delivering timely, customized solutions and services that help Clients meet their financial, life, and organizational goals.
Team and Position OverviewClient Segment, Analytics and Data/Path To Advice Business Control Unit - Operational Risk, VPThis Client Segments Business Control Unit supports multiple the business lines which include but are not limited to Client Solutions Group, as well as WM Analytics and Data. The unit is a first line of defense risk function responsible for overseeing the operational risk and controls of Wealth Management's CS business unit. This team partners with business stakeholders, second and third lines of defense to assess and report on operational risks, implement control processes and procedures, manage audits and exams, oversee risk management of vendors, manage business continuity plans, provide timely issues and incidents remediation, and analyze and update NFR.Role Primary Responsibilities:
The primary responsibilities for this role will be to support business lines and onshore resources with supporting risk management and oversight of activities.In this risk focused role, a candidate will be required to:
- Enhance Operational Risk framework by engaging business partners to understand operational risk incidents and remediate as necessary, creating controls, providing updates to NFR, managing Business Continuity Plan deliverables (BCM) and other ad-hoc risk activities
- Provide support for internal audits, compliance exams and other areas of review
- Contribute to key strategic operational risk priorities performed within our Mumbai team, including transition planning, resource allocation, coordination, managing and training additional team members, and engagement with our BCU managers
- Manage dependencies, risk, and changes effectively by optimizing scope, schedule and resources
- Provide thought leadership and support on business processes and controls
- Partner with the business to develop policies and procedures affecting areas under coverage; working with risk leads and other business stakeholders, legal and risk to attain approvals
- Manage licensing/registration efforts, e-communication escalations review, mandatory vacation, entitlements, cash/non-cash compensation, etc.
- Assist with incident response, reviews, and reporting. Identify, review, and analyze past incidents
- Analyze risk data and provide insightful reports on strategic risk exposures
- Project Management support for presentation materials which may include data extraction, data analysis, creating charts, revising summary language, etc.
- Manage projects as needed and assigned; deliverables are often related to ad-hoc and unanticipated re Knowledge, Skills, and Abilities:
- Thrives in a fast-paced environment and takes ownership of their responsibilities to ensure partner success and satisfaction.
- Understanding and/or aptitude to learn about Wealth Management services and regulatory rules
- Excellent verbal and written communication skills; ability to concisely summarize and/or present complex ideas.
- Strong interpersonal skills and ability to work in a team-oriented environment.
- Strong leadership, and project management skills and ability to manage many competing priorities
- Strong project management and organizational skills - ability to prioritize and work under tight deadlines
- Strong data analytical skills
- Proficient in MS office suite (e.g., PowerPoint and Excel) and comfortable learning new programs/systems
- Attention to detail and problem-solving skills to deliver consistent quality results.
- Ability to thoroughly investigate issues and trends with a focused attention to detail to provide comprehensive solutions and remedies.
- 7-10 years of experience within Financial Services with involvement in Operational Risk
- Experience in Financial Services; with preference to Wealth Management experience and business knowledge.
- Bachelor's degree or equivalent work experience