Morgan Stanley

Company Profile

At Morgan Stanley, we advise, originate trade, manage, and distribute capital for governments, institutions, and individuals, and always do so with a standard of excellence. We are a leading global financial services firm that conducts its business through three principal business segments—Institutional Securities, Wealth Management (WM), and Investment Management. The Firm's employees serve clients worldwide from more than 1,200 offices in 43 countries.

Our WM business is one of the largest in the world with more than $2 trillion in client assets, $73 billion in lending balances, and nearly 16,000 Financial Advisors in 600+ offices across the U.S. 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.

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.

Department Profile

Wealth Management Product Technology (WMPT) is a dynamic and fast-paced area within the Firm’s WM Technology Division. We are responsible for creating innovative technology solutions for the Private Banking Group (PBG), one of the strategic growth areas of the Firm, providing cash management and lending products and services to our WM clients. This includes state-of-the-art technology for a nationwide network of Private Bankers and product specialists who work with Financial Advisors to provide access to products and services such as online banking, cards, deposit products, residential mortgages, securities-based loans, and tailored lending. If you are an exceptional individual who is interested in solving complex problems and building sophisticated solutions in a dynamic team environment, WMPT is the place for you.

Position Description

The position is for an Issues Management Technology Risk Officer, focusing on support for Morgan Stanley's two U.S. Banks: Morgan Stanley Bank, National Association (MSBNA) and Morgan Stanley Private Bank, National Association (MSPBNA). These banks are independent national banks and wholly owned subsidiaries of Morgan Stanley. Because of their national bank charters and ability to attract stable insured deposits, the Banks represent valuable franchise-enhancing strategic assets to the Firm.

The U.S. Banks Technology Risk and Governance team is responsible for supporting Bank business and growth by managing the provision of technology within a regulatory-compliant, risk-managed framework in a cost-effective manner. The team is seeking an experienced Technology Risk Officer to provide ongoing monitoring of the Banks' technology issues, including the identification, tracking, reporting, and oversight of risks and remediation activities, as well as participation in the evolution and execution of the Bank technology risk program. Job Functions/Duties and Responsibilities

As a U.S. Banks Technology Risk Officer, support U.S. Banks and its Business Units (BU) by providing governance and oversight of technology issues.

• Perform identification, oversight and governance of U. S. Banks impacting Technology owned issues and action plans
• Perform assessment, monitoring and reporting related to
• Regulatory compliance
• U. S. Banks risk management and governance committees, including the Board of Directors.
• Contribute to key regulatory and risk initiatives in a cost effective and efficient manner
• Track Bank-impacting technology issues and influence the prioritization of remediation activities
• Support key risk deliverables such as RSCA, Quarterly Risk Management Reporting and ongoing Risk Metric review
• Assess our existing workflows and propose and implement effective enhancements

Job Functions/Duties and Responsibilities

As a U.S. Banks Technology Risk Officer, support U.S. Banks and its Business Units (BU) by providing governance and oversight of technology services related to Change Management and SDLC.

• Provide risk oversight and governance across the Change Management and SDLC technology domains
• Perform Risk Assessment and Risk Monitoring and Reporting related to
  • regulatory compliance
  • established risk-management frameworks
• Contribute to key regulatory and risk initiatives in a cost effective and efficient manner
• Track Bank-impacting technology risks and support management in influencing the prioritization of remediation activities
• Conduct Risk Assessments and Risk Monitoring and Reporting related to Change Management
• Support key risk deliverables such as RSCA, Quarterly Risk Management Reporting and ongoing Risk Metric review
• Engage deeply with performance indicators that drive our business forward
• Assess our existing workflows and propose and implement effective enhancements

Skills Required

• Seven plus years of experience in a similar role in financial or banking services, with practical knowledge of bank regulatory oversight
• Extensive experience in issue management
• Sound understanding of the full technology risk management lifecycle
• Familiarity with industry technology risk management frameworks
• Familiarity with OCC approach and methodologies such as Heightened Standards for Large Banks
• High level of attention to detail
• Ability to act independently and be accountable for issue oversight and governance
• Capacity to efficiently handle information through direct interaction with our databases and systems
• Strong analytical skills with competence to solve problems independently and drive tasks to completion
• Strong communication skills with the ability to summarize complex information clearly for technical and non-technical audiences
• An appropriate level of judgment and maturity

Skills Desired

• Prior experience working in a large bank
• CRISC (Certified in Risk and Information Systems Control) highly preferred. Alternatively, candidates with certifications such as CISA (Certified Information Systems Auditor), CISSP (Certified Information Systems Security Professional), or other relevant risk management and information security certifications will also be considered.
• Knowledge of the FFIEC IT Handbooks, and related laws and regulations including OCC
• Proficiency with Jira for project and task management

Education:

• Bachelor's degree in Information Technology, Business, or Finance, or related field

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.

Expected base pay rates for the role will be between $120,000 and $170,000 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).