Jan 19, 2016
Americas-United States of America-New York-New York
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 Recovery and Resolution Infrastructure Department has been established to operationalize changes to the Firm’s operating model by embedding recovery and resolution plan concepts into the delivery and management of shared services across the Firm.
Background on the Team
The Recovery and Resolution Planning (“RRP”) Infrastructure Department is managed by the head of the Global Outsourcing and Supplier Management Programs, who reports to the Global Head of Operational Risk.
The department is responsible for a number of critical deliverables including:
-Execution of a strategic operational mapping project to create an inventory of the Firm’s shared services and their owners;
-Provision of reporting and analytical frameworks to evaluate the appropriate legal entity ownership of critical and shared services across the global enterprise;
-Management of the migration of people and assets to regional shared service entities;
-Ensuring adherence to global regulations related to shared services and outsourcing;
-Development of standards, procedures, technologies and infrastructure to support the continuity of shared services; and
-Ensuring appropriate integration with the Firm’s Operational Risk Framework
Background on the Position
RRP Infrastructure is seeking to hire 3 qualified individuals at the Associate level to participate in various workstreams focused on the scoping, migration and governance of global shared services. In addition, the individual will play a key role in the facilitation and writing of the Firm’s annual submissions of Recovery and Resolution plans.
The individual will be required to collaborate extensively with other officers of the Firm including Legal, Compliance, and Firm business and support units. This individual’s responsibilities would, at a minimum, include a combination of:
-Assist in the development and implementation of the global shared services governance framework to:
-Finalize governing principles for the build out of a network of Shared Service Entities
-Determine scope of services and supporting assets for migration to Shared Service Entities
-Design BAU governance structures (global and regional)
-Analyze regulatory requirements and gain approvals where necessary
-Draft and implement supporting policies and procedures
-Develop and maintain integrated reporting, including the development of standardized metrics in support of ongoing shared services performance management
-Assist with Recovery and Resolution plan activities including:
-Drafting and review of various Dodd Frank 165-D Title I resolution plan modules and related playbooks
-Provide subject matter expertise to Firmwide
-Ongoing regulatory deliverables and support for incoming queries (e.g. SRP, FDIC);
Skills required (essential)
-B.A. or equivalent degree;
-Minimum 3 years of relevant financial industry experience;
-Resolution Planning, Regulatory Compliance, and/or Operational Risk Management experience;
-Some cross-discipline and geographical stakeholder management with commensurate experience;
-Strong verbal and written communication skills; and
- Proficiency in Word, Excel, PowerPoint, Visio.
-Ability to manage multiple contingent assignments;
-Ability to efficiently “navigate the Firm” to solicit responses to regulatory or business other requirements;
-Ability to prioritize work and flex accordingly;
-Self-motivated with an ability to work independently and think creatively;
-Ability to present to and interact with senior management and regulators as may be required.