Associate - Operational Risk - Issue and Action Management - Wealth Management

Job 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. 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. The Morgan Stanley Wealth Management Operational Risk group is responsible for overseeing the operational risk and control framework across the Wealth Management business. This team partners with key stakeholders throughout the organization to execute independent risk monitoring functions, support process and control improvement, provide tactical and strategic reporting, execute incident management protocols, facilitate issue and action plan management and coordinate new operational risk programs in partnership with the business as well as Firm Operational Risk Management. Key Responsibilities will include but not limited to the following: This role will provide broad exposure to business lines across Wealth Management and focus on persistent improvement of Wealth Management issues and action plans, mitigating risk and improving the control environment within Wealth Management. The responsibilities of the role are a combination of business as usual processes and discrete projects that are strategic in nature. Specific duties within the WM Operational risk team will include: Work closely with Business Control groups to identify operational risks associated with new and existing products, services, technologies, vendors, processes and procedures to ensure that issues and corresponding action plans are appropriately defined and documented Support monthly and quarterly Wealth Management Risk issue and action plan management reporting in partnership with key stakeholders Execute issue and action plan tracking based on Firm Operational Risk incident data and Wealth Management sourced data. Tracking is intended to ensure that high value projects, including regulatory and mandatory change the bank initiatives, are appropriate and remain on-track Support closure verification of action plans to confirm that remediation has been sufficiently completed Provide feedback and identify opportunities to improve solutions where appropriate Provide business control units with training and guidance on Wealth Management Risk systems and repositories. Support development of Risk Dashboards and coordinate with Firm Operational Risk to define and implement enhancements to Firm risk infrastructure Support the maintenance of team procedures, tools and job aids to help facilitate effective administration of the Wealth Management Risk group Support ad-hoc projects to ensure appropriate solutions and/or analysis is delivered on-time and to a high level of quality