Assistant Vice President, Risk Management

Company Profile:

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

In Wealth Management, we help people, businesses and institutions build, preserve, and manage wealth so they can pursue their financial goals. 

What you’ll do in the role:

Morgan Stanley Smith Barney, LLC is seeking an Assistant Vice President, Risk Management in Purchase, NY to produce monthly risk dashboards and analytical reports for senior management and risk governance committees. Coordinate with data partners to collect, validate, and reconcile metric information to ensure accuracy, completeness, and reliability. Analyze operational loss data to identify emerging risk trends, breaches of thresholds, and underlying drivers. Perform ad-hoc quantitative and qualitative analysis to support risk assessments. Consolidate and transform large data sets into risk metrics and visualize the data using advanced tools. Build and enhance interactive dashboards for data visualization and develop data pipelines for operational risk analytics. Maintain and improve operational risk frameworks to align with enterprise-wide risk governance standards. Lead or support risk-related projects to enhance data accessibility and strengthen proactive risk management initiatives. Telecommuting permitted up to 1 days per week.

What you’ll bring to the role:

-Requires a Master’s degree in Management Science and Engineering, Business Analytics, or a related field of study.

-Requires two (2) years of experience in the position offered or two (2) years as a Risk Analyst, Associate, or a closely related occupation.

-Requires two (2) years of experience with the following skills:

• designing and developing risk reports and analytical reports in PowerPoint and Word for senior management and governance committees;
• collecting, validating, reconciling, and quality-checking large multi-source data sets;
• analyzing loss data to identify trends, threshold breaches, and root-cause risk drivers;
• interactive dashboard development and data visualization using Tableau, Data Studio, or Power BI;
• Excel including macros, pivot tables, Power Query, VLOOKUP, and XLOOKUP;
• SQL for data extraction, transformation, automation, and analytics;
• quantitative risk analysis including scenario analysis, stress testing, sensitivity analysis, trend analysis, and Key Risk Indicator monitoring;
• maintaining and developing risk frameworks aligned with governance standards;
• cross-functional risk-mitigation and data-quality improvement projects;
• ad-hoc quantitative and qualitative analysis for risk assessments and audits;
• documenting operational processes, data flows, and control environments;
• translating business requirements into functional and technical specifications;
• evaluating third-party vendors, assessing risk and supporting due diligence reviews; and
• stakeholder management including gathering documents, managing expectations, and coordinating across global teams.

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 into your browser.

Expected base pay rates for the role will be between $158,000 and $158,000 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 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.

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