Morgan Stanley

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.

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. We 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 Third-Party Program Management (TPPM) group is a dedicated First Line of Defence (1LoD) function within Global Supplier Services (GSS) part of the Corporate Services Division, established to more effectively manage risks associated with Morgan Stanley's use of internal and external Third Parties to provide goods and services.

The TPPM team's mission is to provide comprehensive and scalable compliance with increasingly complex global third-party laws to reduce regulatory and reputational risk while enabling the business to achieve its strategic objectives.

We are seeking an experienced Executive Director to strengthen and manage the global Third-Party control framework. This individual will be responsible for driving consistent implementation and adherence to the third-party risk framework elements across the Enterprise (in conjunction with business-aligned risk partners, who act as the central point of contact for 1LOD)

What you'll do in the role:

• Develop, maintain, and update TPPM processes and controls to align with industry best practices, regulatory requirements, and the organization's risk appetite. Design procedures, operational oversight controls, and continuous monitoring processes to ensure the TPPM framework effectively integrates into the organization's overall risk management strategy.
• Engage with Business Units to develop the BU Liaison role, including defining an engagement model between TPPM and BU Third Party teams.
• Contribute to and coordinate cross-team projects, audits, and inspections related to TPPM scope. Provide thought leadership, direction, guidance, and subject matter expertise, and provide insightful reports on TPPM to the rest of the TPRM leadership and related stakeholders. Foster a culture of third-party risk awareness across the organization.
• Provide guidance to business-aligned risk partners on implementing and maintaining third party management processes, mitigating risks and implementing controls.
• Develop BU level control framework reporting. Communicate and support implementation of any third-party risk reporting requirements within the lines of business in collaboration with key partners
• Monitor operational risk and optimize approaches for third party risk reduction, interpreting results, evaluating third party risk profile impact, and identifying trends and emerging risks
• Support building of key relationships for the monitoring and assessment of identification, severity and remediation of high-risk third-party issues across the enterprise
• Support efficient management of regulatory audit and exam activities related to Third Party Risk.
• Manage a cross-functional team across regions, set goals to achieve TPPM objectives and provide opportunities for growth and development. Qualifications and experience:

The successful candidate will have experience in developing a high functioning team, process optimization and risk mitigation, preferably in a management role for Banking or Financial Services organizations:

What you'll bring to the role:

• Bachelor's degree required. Master's degree will be a plus.
• 10+ years in a management role collaborating with global teams in a fast-paced environment with a demonstrated ability to meet goals and deadlines.
• Deep knowledge of internal control and risk management with strong under-standing of business operations
• Experience implementing and/or maintaining operating models for a risk management function in global industries with a strong customer centric focus.
• A demonstrated ability to think strategically, to build credibility and to influence key internal and external stakeholders.
• Exceptional project management skills evidenced by a track record of success leading engagements or other problem-solving initiatives requiring coordination of cross-function team members with varied backgrounds and skills.
• Experience participating in risk reviews for regulatory and/or internal audit.
• Excellent communication and presentation skills and proven ability to effectively interact with senior management.
• Experience setting achievable and specific organizational objectives.
• Ability to discern where to place efforts/actions to add the greatest value and maximum impact.
• Ability to work in a global team environment, building and maintaining a network of contacts and coordinating with a large number of stakeholders.

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.

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).