Non-Financial Risk Measurement, ED

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.Morgan Stanley is committed to creating and providing opportunities that enable our workforce to reflect diverse backgrounds and views.Legal and Compliance Division OverviewThe 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 PositionThe role will reside within the Non- Financial Risk Framework Department.Non- Financial Risk is the risk of economic, reputational, regulatory, financial reporting, and client impact from failed or inadequate processes, data, or controls; from system changes, failures, disruption or other infrastructure and environmental factors; or from intentional or inadvertent actions of employees, contingents, or external parties.The NFR Programs comprise enterprise tolerance, metrics, issues management and incident management programs and managing the unified categorization models (taxonomies) and risk level standards. The team defines the framework and requirements and monitors compliance with minimum standards, provides guidance, training, and support throughout the execution process. To perform this role successfully, a high level of interaction is required with business areas at all levels of the organization, and internally across Operational, Compliance and Financial Crimes risk.Responsibilities:

    Develop and enhance methodologies to quantify non financial risk exposures, including scenario analysis, concentration analysis, and thematic aggregation.Work with NFR Framework and coverage teams to develop dashboards and reporting solu-tions to monitor and measure non-financial risks

    Identify and measure concentrations across Business Units, processes, products, geogra-phies, and risk typesIntegrate data from issues, KRIs, operational losses, controls, and external benchmarks to form holistic risk exposure views

    Focus on risk quantification approaches and measurement of non-financial risks through programs such as scenario analysis, capital and stress testingTranslate complex risk concepts into clear, practical methodologies and tools used across the First and Second Lines of Defense.

    Partner with data and technology teams to source and integrate new datasets that im-prove measurement accuracy.Produce regular and ad hoc NFR exposure reports (tolerance and appetite) for senior management, governance committees

    Translate measurement outputs into clear insights and recommended actions for NFR coverage oversight functionsDevelop compelling, executive-level PowerPoint presentations and dashboards that influ-ence senior management and key stakeholders

    Support the development of heatmaps, trend analyses, thematic reviews, and concentration summaries12 - 15 years of experience in Operational Risk / Enterprise Risk Management / Risk Quantification

    Strong technical understanding of the financial services regulatory environment, with a focus on Operational, Compliance or Financial Crimes RiskExcellent communication and influencing skills, both verbal and written, and an ability to present ideas concisely and visually

    Proven track record of designing or leading strategic enhancements to risk or control frameworks.Adept at influencing senior stakeholders and aligning cross-functional teams in a matrixed environment.

    Excellent analytical skills and a strong ability to work with large data files and spreadsheets

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 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.

Expected base pay rates for the role will be between $165,000 and $275,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

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).