Morgan Stanley ("MS") is a global financial services firm that conducts its businessthrough three principal business segments: Institutional Securities Group ("ISG"), Global Wealth Management via Wealth Management ("WM"), and Asset Management. WM's network includes approximately 15,000 Financial Advisors with total client assets of over $1.5 trillion. WM provides comprehensive financial advice and services to its clients including brokerage, investment advisory, financial and wealth planning, credit and lending, deposits and cash management, annuities, insurance, retirement and trust services.The US Banks - Morgan Stanley Private Bank, National Association ("MSPBNA") and Morgan Stanley Bank, N.A. ("MSBNA") - provide cash management and lending products and services to serve the needs of WM & ISG clients and seeks a Vice President ("VP") as part of the US Banks First Line Risk team. The VP will report to the Head of the US Banks Regulatory and Audit Oversight and will be responsible for expanding and managing the Regulatory and Audit Oversight program.The role will be based in New York, New York.This individual will be responsible for supporting the expansion of the current regulatory 1LOD risk program and build-out of the audit 1LOD risk program.Regulatory Oversight and Support• Partner with Regulatory Relations and management to coordinate the exam process for the two US Banks.o Complement the Regulatory Relations program without duplication• 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 Letter, inquires 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• Own the relationship with Internal Audit, manage the affiliate agreement and confirm services provided are satisfactory.• Partner with Internal Audit to coordinate the Internal Audit process for two US Banks.• Manage the development, implementation and execution strategy of the internal audit 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.Qualifications -10+ years of professional experience in financial services with 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 plusSkills 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.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).Expected base pay rates for the role will be between $120,000 and $180,000 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.
