Morgan Stanley
US Banks First Line Risk - Regulatory & Audit Oversight Officer Vice President
Morgan Stanley, New York, New York, us, 10261
US Banks First Line Risk - Regulatory & Audit Oversight Officer Vice President
Morgan Stanley (“MS”) is a global financial services firm that conducts its business through three principal business segments: Institutional Securities Group (ISG), Global Wealth Management via Wealth Management (WM) and Asset Management. The US Banks Private Bank (MSPBNA) and Morgan Stanley Bank, N.A. (MSBNA) provide cash management and lending products and services to serve the needs of WM & ISG clients. This role reports to the Head of the US Banks Regulatory and Audit Oversight and will be responsible for supporting the 1LOD regulatory risk and audit oversight programs. The position is based in New York, New York.
Regulatory Oversight and Support
Partner with Regulatory Relations and management to coordinate the exam process for the two US Banks.
Ensure the Banks are adequately prepared for upcoming meetings and exams.
Manage the development, implementation and execution strategy of the 1LOD risk regulatory examination process.
Collaborate with stakeholders to confirm comprehensive and consistent practices are followed to allow for successful execution of exams.
Ensure first‑day letters, inquiries and requests are responded to in a timely manner by management.
MRA Remediation
Ensure the Head of Business Risk is informed of regulatory matters.
Confirm thorough action plans are created to mitigate risk identified with owners and due dates.
Monitor remedial activity to ensure that issues and action plans are completed in a timely manner and meet the spirit and letter of regulatory expectations.
Manage tracking and deliverable status of issues and action plans to ensure deadlines are met.
Proactively work with management to prevent delays with remediation.
Confirm 1LOD testing is performed to demonstrate enhancements are working as designed and expected.
Internal Audit Coordination
Support the relationship with Internal Audit, manage the affiliate agreement and confirm services provided are satisfactory.
Partner with Internal Audit to coordinate the audit process for two US Banks.
Manage the development, implementation and execution strategy of the internal audit oversight process.
Collaborate with stakeholders to confirm comprehensive and consistent practices are followed to allow for successful execution of internal audits.
Ensure audit requests and inquiries are responded to in a timely manner by management.
Governance
Confirm adequate governance for regulatory and audit programs.
Prepare corporate governance risk reporting.
Ensure policies and procedures are comprehensive.
Other duties as assigned.
Limited travel.
Qualifications
5+ years of professional experience in financial services with a focus on regulatory compliance, regulatory relations at or interacting with U.S. financial regulators, or experience in audit or risk.
Bachelor’s Degree.
Juris Doctorate a plus.
Skills Required
Ability to work in a fast‑paced, high‑demand environment, both independently and as part of a team, under tight deadlines and with the ability to manage multiple priorities concurrently, efficiently and effectively.
Attention to detail, strong analytical, quantitative and investigative problem‑solving abilities.
Strong interpersonal, verbal and written communication skills; capable of making presentations to an internal audience and interacting positively with senior management, colleagues and clients.
Strong project management and reporting skills.
Proficient with Microsoft PowerPoint and Excel.
Expected base pay rates for the role will be between $110,000 and $190,000 per year at the commencement of employment. Base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which 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).
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Regulatory Oversight and Support
Partner with Regulatory Relations and management to coordinate the exam process for the two US Banks.
Ensure the Banks are adequately prepared for upcoming meetings and exams.
Manage the development, implementation and execution strategy of the 1LOD risk regulatory examination process.
Collaborate with stakeholders to confirm comprehensive and consistent practices are followed to allow for successful execution of exams.
Ensure first‑day letters, inquiries and requests are responded to in a timely manner by management.
MRA Remediation
Ensure the Head of Business Risk is informed of regulatory matters.
Confirm thorough action plans are created to mitigate risk identified with owners and due dates.
Monitor remedial activity to ensure that issues and action plans are completed in a timely manner and meet the spirit and letter of regulatory expectations.
Manage tracking and deliverable status of issues and action plans to ensure deadlines are met.
Proactively work with management to prevent delays with remediation.
Confirm 1LOD testing is performed to demonstrate enhancements are working as designed and expected.
Internal Audit Coordination
Support the relationship with Internal Audit, manage the affiliate agreement and confirm services provided are satisfactory.
Partner with Internal Audit to coordinate the audit process for two US Banks.
Manage the development, implementation and execution strategy of the internal audit oversight process.
Collaborate with stakeholders to confirm comprehensive and consistent practices are followed to allow for successful execution of internal audits.
Ensure audit requests and inquiries are responded to in a timely manner by management.
Governance
Confirm adequate governance for regulatory and audit programs.
Prepare corporate governance risk reporting.
Ensure policies and procedures are comprehensive.
Other duties as assigned.
Limited travel.
Qualifications
5+ years of professional experience in financial services with a focus on regulatory compliance, regulatory relations at or interacting with U.S. financial regulators, or experience in audit or risk.
Bachelor’s Degree.
Juris Doctorate a plus.
Skills Required
Ability to work in a fast‑paced, high‑demand environment, both independently and as part of a team, under tight deadlines and with the ability to manage multiple priorities concurrently, efficiently and effectively.
Attention to detail, strong analytical, quantitative and investigative problem‑solving abilities.
Strong interpersonal, verbal and written communication skills; capable of making presentations to an internal audience and interacting positively with senior management, colleagues and clients.
Strong project management and reporting skills.
Proficient with Microsoft PowerPoint and Excel.
Expected base pay rates for the role will be between $110,000 and $190,000 per year at the commencement of employment. Base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which 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).
#J-18808-Ljbffr