Morgan Stanley
U.S. Banks Business Risk New Product Approval and Product Change Management VP
Morgan Stanley, New York, New York, us, 10261
U.S. Banks Business Risk New Product Approval and Product Change Management VP
Apply for the
U.S. Banks Business Risk New Product Approval and Product Change Management VP
role at
Morgan Stanley . Morgan Stanley is a global financial services firm that maintains significant market positions in its business segments—Institutional Securities, Wealth Management, and Investment Management. Our U.S. bank subsidiaries, Morgan Stanley Bank N.A. (“MSBNA”) and Morgan Stanley Private Bank, National Association (“MSPBNA”), accept deposits, provide loans, and invest in securities. Lending activity from the Institutional Securities and Wealth Management segments includes secured lending facilities, commercial real estate loans, securities‑based lending, residential real estate loans, rates derivatives, and FX trading. The New Product Approval (NPA) evaluation and execution process and the Product Change Management Program (PCMP) are integral parts of the U.S. Banks’ risk governance frameworks to prudently manage the non‑financial and financial risks associated with identifying, documenting, tracking, escalating, and reporting Business Unit initiatives to modify existing Bank products or to offer brand‑new products. Job Responsibilities
Provide analytical and documentation support for the 1LOD Business Risk Management NPA and PCM Quorum Member, and support the 1LOD NPA Risk Manager in quality assurance of other quorum members’ due diligence documentation to ensure consistency. Work with management and risk partners covering various Bank strategic initiatives and product change management due diligence, including deep dive reviews of the end‑to‑end process being proposed by Bank business units. Aid the business and proposers to understand the requirements from a risk perspective on operational readiness. Collaborate with the businesses and other stakeholders in developing process flows to map inherent risks and their mitigating controls, including updates to the Risk and Control Assessments (RCSA). Track and report on status of due diligence across all NPA and PCM proposals and across all Quorum Members. Facilitate conversations where there are interdependencies across quorum areas (e.g., Tech, Ops, Vendor Risk, Privacy, Info Sec, Reg W, Model Risk, and Dual Officer programs). Conduct analysis to consider the impacts of the strategic initiatives from a thematic perspective to ensure appropriate considerations on risk impact and metrics, including open issues and incidents. Collaborate with stakeholders across 1st and 2nd Lines to confirm comprehensive and consistent practices are followed, allowing a successful oversight program that proactively manages and assesses operational risk. Attend and present in relevant management meetings and committees. Lead working group meetings with businesses/proposers and quorum members to track progress of initiatives and escalate blockers to the proposers. Qualifications
Minimum of 7 years of professional risk management experience in the financial services industry, preferably in a highly regulated environment. Experience in operations, finance, compliance, or audit is a plus. Bachelor’s Degree in Finance, Economics, or Business Administration is preferred. Project Management expertise is a plus. Required Skills
Ability to work in a fast‑paced, high‑demands 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 problem‑solving skills. Strong interpersonal, verbal, and written communication skills; capable of clear and concise writing, making presentations to an internal audience, and interacting positively with upper management, colleagues, and clients. Risk management experience including governance, reporting, policy procedure review, audit/regulatory support. Strong project management, organizational and reporting skills. Excellent verbal and written communication skills, presentation skills, and the ability to influence and interact with senior members of the Bank. Strong sense of ownership and accountability; willing to be fungible and has an entrepreneurial spirit. Proficient use of Microsoft Office Suite of products including Excel, Word, and PowerPoint. Compensation
Expected base pay rates for the role will be between $110,000 and $190,000 per year at the commencement of employment, although final compensation will be determined on an individualized basis and may include commission earnings, incentive compensation, discretionary bonuses, and other Morgan Stanley-sponsored benefit programs. Equal Opportunity Statement
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet). 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.
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Apply for the
U.S. Banks Business Risk New Product Approval and Product Change Management VP
role at
Morgan Stanley . Morgan Stanley is a global financial services firm that maintains significant market positions in its business segments—Institutional Securities, Wealth Management, and Investment Management. Our U.S. bank subsidiaries, Morgan Stanley Bank N.A. (“MSBNA”) and Morgan Stanley Private Bank, National Association (“MSPBNA”), accept deposits, provide loans, and invest in securities. Lending activity from the Institutional Securities and Wealth Management segments includes secured lending facilities, commercial real estate loans, securities‑based lending, residential real estate loans, rates derivatives, and FX trading. The New Product Approval (NPA) evaluation and execution process and the Product Change Management Program (PCMP) are integral parts of the U.S. Banks’ risk governance frameworks to prudently manage the non‑financial and financial risks associated with identifying, documenting, tracking, escalating, and reporting Business Unit initiatives to modify existing Bank products or to offer brand‑new products. Job Responsibilities
Provide analytical and documentation support for the 1LOD Business Risk Management NPA and PCM Quorum Member, and support the 1LOD NPA Risk Manager in quality assurance of other quorum members’ due diligence documentation to ensure consistency. Work with management and risk partners covering various Bank strategic initiatives and product change management due diligence, including deep dive reviews of the end‑to‑end process being proposed by Bank business units. Aid the business and proposers to understand the requirements from a risk perspective on operational readiness. Collaborate with the businesses and other stakeholders in developing process flows to map inherent risks and their mitigating controls, including updates to the Risk and Control Assessments (RCSA). Track and report on status of due diligence across all NPA and PCM proposals and across all Quorum Members. Facilitate conversations where there are interdependencies across quorum areas (e.g., Tech, Ops, Vendor Risk, Privacy, Info Sec, Reg W, Model Risk, and Dual Officer programs). Conduct analysis to consider the impacts of the strategic initiatives from a thematic perspective to ensure appropriate considerations on risk impact and metrics, including open issues and incidents. Collaborate with stakeholders across 1st and 2nd Lines to confirm comprehensive and consistent practices are followed, allowing a successful oversight program that proactively manages and assesses operational risk. Attend and present in relevant management meetings and committees. Lead working group meetings with businesses/proposers and quorum members to track progress of initiatives and escalate blockers to the proposers. Qualifications
Minimum of 7 years of professional risk management experience in the financial services industry, preferably in a highly regulated environment. Experience in operations, finance, compliance, or audit is a plus. Bachelor’s Degree in Finance, Economics, or Business Administration is preferred. Project Management expertise is a plus. Required Skills
Ability to work in a fast‑paced, high‑demands 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 problem‑solving skills. Strong interpersonal, verbal, and written communication skills; capable of clear and concise writing, making presentations to an internal audience, and interacting positively with upper management, colleagues, and clients. Risk management experience including governance, reporting, policy procedure review, audit/regulatory support. Strong project management, organizational and reporting skills. Excellent verbal and written communication skills, presentation skills, and the ability to influence and interact with senior members of the Bank. Strong sense of ownership and accountability; willing to be fungible and has an entrepreneurial spirit. Proficient use of Microsoft Office Suite of products including Excel, Word, and PowerPoint. Compensation
Expected base pay rates for the role will be between $110,000 and $190,000 per year at the commencement of employment, although final compensation will be determined on an individualized basis and may include commission earnings, incentive compensation, discretionary bonuses, and other Morgan Stanley-sponsored benefit programs. Equal Opportunity Statement
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet). 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.
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