ED, 1st Line Business Risk – US Banks

Morgan Stanley (“MS”) is a global financial services firm that conducts its business through three principal business segments — Institutional Securities, Wealth Management (WM), and Investment Management. Our Financial Advisors focus on delivering timely, customized solutions and services that help clients meet their financial and life goals. Our offering includes brokerage and investment advisory services, financial and wealth planning, access to credit and lending, cash management, annuities and insurance, and retirement services.

The Executive Director position is with US Banks 1st Line Business Risk. The team has responsibility for the implementation of the Bank’s Regulatory and Compliance programs in the Business Unit as the First Line of Defense. The Executive Directory will be based in Arlington VA, and will be assisting in the transformation of the Firm’s Regulation W Compliance Program and the readiness for the Banks’ to onboard additional products and jurisdictions.

The Reg W Office Transformation Lead is responsible for driving and overseeing the end-to-end transformation of the company's Regulation W compliance framework. This includes documenting business processes, overseeing technology solutions, and ensuring robust governance to meet regulatory standards. The ideal candidate will have deep expertise in Morgan Stanley operations and products, understanding of  Regulation W and a proven track record of managing complex, cross-functional change management projects.

Responsibilities:

• Strategic Planning: Support the execution of the overall strategy for the Regulation W office transformation, aligning it with enterprise-wide objectives and regulatory requirements.
• Regulatory Analysis: Develop subject matter expertise on Regulation W, interpreting new and existing regulatory guidance to assess potential impacts on business processes, systems, and controls.
• Process Improvement: Support a comprehensive review of existing Regulation W processes and controls to identify inefficiencies, manual tasks, and control gaps. Lead efforts to redesign and streamline processes to support Banks’ growth into new products and jurisdictions.
• Technology Implementation: Collaborate with IT, third party consultants, and product teams to define requirements for new technology platforms and automated solutions that enhance Regulation W compliance, oversight, and reporting.
• Project Management: Support all aspects of the transformation project lifecycle, including scope definition, resource allocation and management, risk management, and stakeholder communication.
• Change Management: Develop and implement change management strategies to ensure a smooth transition and adoption of new processes and systems across affected business units.
• Governance and Reporting: Enhance the governance framework for Regulation W, including defining roles and responsibilities and developing a pragmatic metrics framework to measure performance.
• Stakeholder Management: Engage and communicate with a diverse range of stakeholders, including senior management, business leaders, legal, compliance, and technology teams.
• Team Leadership: Provide guidance, coaching, and mentorship to project teams and impacted business units involved in transformation initiatives. 

Qualifications:

• Analytical: Strong analytical and critical thinking skills to assess information, evaluate risks, and solve problems.
• Communication: Excellent written and verbal communication skills, with the ability to effectively synthesize complex information for various audiences.
• Leadership: Demonstrated leadership abilities to manage cross-functional teams and drive strategic initiatives.
• Adaptability: Flexibility to quickly adapt to changing demands and priorities in a fast-paced, high-pressure environment.
• Technical: High proficiency in Microsoft Office Suite and project management tools. 

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices​ into your browser.

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).