Risk Management Jobs 2026 (Now Hiring) – Smart Auto Apply

Company Profile

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.

Position Description

Morgan Stanley is seeking a dynamic and high performing Director to play a critical role within the Operational Risk Department to support the Firm in oversight and challenge of risk associated with External Theft and Fraud. This role sits within the Second Line of Defense (2LoD) and focuses on independent risk governance, framework execution, and effective challenge of First Line of Defense (1LoD) programs. The successful candidate will be responsible for helping to execute independent oversight, analysis, and monitoring risks and controls around the Firm's External Theft and Fraud Program. This includes execution of the Operational Risk Department (ORD) framework and related non financial risk programs (e.g., NFRAC, Issues & Remediation, REcap, Scenario Analysis, risk metrics).

In addition to risk-based oversight and challenge, the individual will play a role in supporting the mitigation of risk. The role emphasizes governance, transparency, and sustainability of the External Fraud Risk framework rather than day to day incident handling. There is a need to drive evolution and transparency of the underlying control framework, support adoption of industry leading practices and technologies, and introduce new controls and processes to bolster the existing Theft and Fraud framework.

Operational Risk refers to the risk of financial or other loss, or potential damage to a firm's reputation, resulting from inadequate or failed internal processes, people, systems, or from external events (e.g., fraud, legal and compliance risks, or damage to physical assets). Management works with the business units and control groups to help ensure Morgan Stanley has a transparent, consistent, and comprehensive program for managing operational risk, both within each area and across the Firm globally. This group designs, implements and monitors the company-wide operational risk program.

What you will do in the role:

> Support the Head of External Fraud Risk by executing on the Firm's non-financial risk framework to manage External Fraud risks. This includes practical application of ORD owned programs such as risk assessment, issues management, scenario analysis, and risk event capture.

> Provide thought leadership to drive strategic and tactical evolution of the Firm's External Fraud Program to maintain effectiveness given evolving threat landscape.

> Perform independent oversight and monitoring of associated risks and controls.

> Provide credible, independent challenge to 1LoD programs and control efficacy without assuming ownership of execution.

> Develop and foster engagement with 2nd line colleagues across non-financial risk who cover Business Units and tangential risks to ensure a consistent and holistic risk management response.

> Build and maintain strong positive relationships with the respective 1st line community while maintaining appropriate independence as a 2LoD function.

> Maintain an awareness of evolving and emerging Fraud Risk issues as well as incidents and translate these into governance relevant risk insights rather than investigative response.

> Manage, coach, and oversee local resources within the Fraud Risk team. Skills

Required

> An undergraduate degree (B.A., B.S., or equivalent) required.

> 6+ years of relevant experience within Financial Services, with demonstrated exposure to Operational Risk, Non Financial Risk, or independent control oversight frameworks.

> Hands on experience working with enterprise risk programs such as non financial risk assessments (e.g., NFRAC/RCSA like processes), issues and remediation, scenario analysis, risk events, or risk metrics.

> Excellent communication skills, both verbal and written; ability to tailor communication to technical and non-technical audiences.

> Strong interpersonal skills in order to work in a team-oriented environment.

> Strong leadership, stakeholder management and influencing skills.

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

> Strong analytical and problem-solving skills with demonstrated risk judgment and ability to assess control effectiveness at an enterprise level.

Highly Desired (Not Required)

> Direct experience with External Fraud risk (e.g., payment fraud, identity theft, third‑party fraud) from a risk oversight or governance perspective.

> Familiarity with regulatory expectations applicable to fraud risk management (e.g., OCC, FFIEC, SEC/FINRA).

> Prior experience within a large global financial institution such as Morgan Stanley.

> While fraud subject‑matter knowledge is highly desirable, this is not an investigative role. Candidates whose experience is primarily limited to fraud investigations or case management without broader risk framework exposure may not be an ideal fit.

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.

Salary range for the position: $70,000 and $125,000 per year. The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit's incentive compensation plan, which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.