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Reliability And Risk Analyst
Recruited by USAJOBS 1 year ago Address Rockville, MD, United States

Associate - Risk & Governance, Fraud Department

Company

Morgan Stanley
Address , Baltimore, 21231
Employment type FULL_TIME
Salary
Expires 2023-09-17
Posted at 9 months ago
Job Description
Associate - Risk & Governance, Fraud Department

Job Number:

3240022

POSTING DATE: Aug 3, 2023
PRIMARY LOCATION: Americas-United States of America-Maryland-Baltimore
EDUCATION LEVEL: Bachelor's Degree
JOB: Risk Management
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Associate

DESCRIPTION

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.

Technology and Operations Risk's mission is to deliver first line defenses to manage Cyber and Fraud risks to Morgan Stanley's technology, operations and information through risk identification, control management and assurance. This allows the business to operate and grow in a secure and legally compliant manner. The team's vision is to deliver programs that protect and enable the business, ensure secure delivery of services to clients, adjust to address the risks presented by an evolving threat landscape and meet regulatory expectations.
The Cyber, Data, Risk and Resilience (CDRR) division provides first-line defences for information and cyber security, fraud, resilience, response and recovery, and technology risk and controls. The organization also includes Morgan Stanley’s Firmwide Data Office, International Technology offices, and the Legal, Compliance, and Governance Technology organization.
Fraud Department's Global Risk and Governance team is looking to recruit an Associate to support the growing requirements, objectives and expectations of the Fraud Department Risk & Governance function. The broad reaching portfolio covers all aspects of internal risk management reporting and will require the candidate to utilize a variety of business tools to perform recurring and ad-hoc analysis and be able to report findings to senior management and stakeholders across multiple departments. Coordination of ongoing regulatory exam requests with the Global Regulators will be a key aspect of this role.

Primary Responsibilities:
  • Coordinate and manage US region Global (e.g. FINRA, SEC, FRB, OCC, FCA, PRA etc.) regulatory exam request-related Fraud data
  • Ensure that all Fraud related regulatory requirements are included and updated in Fraud Department procedures, and build out a testing process to ensure ongoing compliance
  • Drive process mapping across the global Fraud Division assessing current state and mapping out current processes and ways to optimize manual processes and improve operational efficiency and effectiveness as appropriate
  • Provide support with data collection, data synthesis, and the coordination of internal focus group sessions
  • Assist with establishing governance around regulatory risk program reporting, regular governance committees reporting, tracking of risks and issues, risk initiative project status and deliverables
  • Assisting with administering the Risk & Control Self-Assessment (RCSA), in particular capturing Regulatory related controls executed by the Fraud Department
  • Support and assist with coordination of ongoing engagement with 2nd line oversight from Operational Risk, Compliance and other key partners
  • Assist fellow Risk Officers to facilitate timely execution on the risk agenda and support the growing requirements, objectives and expectations of the Fraud Department Risk Management function (including support for Risk Hygiene items, Entitlement Reviews and Business Regulatory related data for Divisional Risk Committees, Fraud Risk Oversight Committee (FROC), Technology Risk Committee and regional committees as required
  • Find efficiencies around sourcing supporting data, manage and socialize data management across Stakeholders within our organization
  • Support development of key risk dashboard and metrics insights for key operations priorities
  • Work with the Compliance Themis system to research, gather and interpret Global Fraud Risk Management related regulatory requirements
  • Assist with ensuring that Fraud Department is accurately reporting regulatory requirements in a timely manner

QUALIFICATIONS

Skills required (essential):
  • Demonstrates an excellent understanding of Excel, and PowerPoint
  • College degree preferred
  • Ability to build and sustain relationships with individuals at all levels of the organization and leverage this to achieve work-related objectives
  • Strong quantitative and qualitative problem-solving skills
  • Strong verbal and written communication skills
  • Minimum of 5 years of applicable work experience preferably in financial services and/ or legal and compliance
  • Ability to switch context quickly and work on multiple streams of work concurrently
Skills desired:
  • Experience working with supplier/vendor management a plus
  • Ability to clearly communicate change
  • Lean and Agile experience or certification a plus
  • Experience with fraud risk management is not required, but definitely a plus
  • Experience of risk management and governance a plus
  • Experience with KPI identification and metrics reporting
  • Experience with preparing management reports using PowerPoint for senior management, Committee level presentation
  • Background with Financial industry and Wealth Management business
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).#LI-TS2