Firm Risk Management
Firm Risk Management (FRM) supports Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, model and other risks.
Background on the Position
The role will reside within the Morgan Stanley Risk Data team within the Firm Risk Management (FRM) function. Risk Data is responsible for the development, management and promotion of data quality and data governance standards, and for monitoring the Risk Data Domains (e.g., Credit Risk, Market Risk and Liquidity Risk) to evidence compliance with internal data governance policies and procedures, and with the BCBS 239 Principles. Risk Data provides strategic partnership across FRM and firmwide divisions to enhance risk data management and governance.
The team collaborates across FRM functional and data teams, including Risk Domains, Risk Reporting, divisional Technology teams, Data Quality Governance Councils (DQGCs), the Firmwide Data Office (FDO), the Data Governance Office (DGO), other Divisional Data Offices (DDOs) within Morgan Stanley and subject matter experts (SMEs), to oversee the management of data owned and/or consumed by FRM.
The team is responsible for contributing and ensuring alignment to the Global Data Quality Policy and related standards, developing procedures to implement these policies within FRM, and reviewing proposed country, legal entity or risk domain-specific Risk Data policies or procedures to ensure congruency and alignment across FRM and with firmwide requirements.
Risk Data seeks an Associate to support governance, reporting and coordination within the Risk Data team. The selected candidate will work closely with senior team members to support BCBS 239 implementation, data quality governance processes, and regulatory and audit deliverables.
The role provides exposure to risk data management, regulatory standards, and firmwide data governance practices, with opportunities to develop expertise in risk management and data governance within a global financial institution.
Primary Responsibilities
> Execute governance and reporting to support adherence with the Global Data Quality Policy and BCBS 239 framework across FRM.
> Develop, maintain, and enhance Risk Data documentation, including policies, procedures, governance materials, and reporting.
> Identify, document, and track data quality risks and issues, supporting remediation planning, and escalation processes.
> Prepare governance, reporting, and approval materials for senior management committees and forums.
> Coordinate inputs from Risk Domains, Technology teams, and governance partners to support data quality, lineage, and control initiatives.
> Support coordination, management and preparation for internal and external audits and regulatory examinations, including tracking and monitoring of action plans and deliverables.
> Contribute to continuous improvement of Risk Data processes, governance practices, and reporting capabilities.
FRM is committed to creating and providing opportunities that enable our workforce to reflect diverse backgrounds and views. Experience, Qualifications
> Bachelor's degree or equivalent.
> 5+ years of experience in financial services, in risk management, data governance, data quality, regulatory change, or reporting roles (preferred)
> Experience implementing risk management policies, frameworks and procedures and knowledge of BCBS 239 (preferred).
> Strong analytical and problem solving skills.
> Strong organizational skills with an interest in working in a fast-paced environment, often balancing multiple high priority deliverables.
> Ability to communicate effectively with a wide range of stakeholders, both written and verbal.
> Ability to work independently in a self-directed way in a collaborative environment.
> Ability to manage multiple deliverables independently and meet tight deadlines.
> Attention to detail and ability to provide information in usable formats (proficiency in Microsoft office, including Excel, PowerPoint and Word).
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 https://www.morganstanley.com/about-us/global-offices into your browser.
Expected base pay rates for the role will be between $100,000 and $140,000 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.
For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.
What We Do
Morgan Stanley mobilizes capital to help governments, corporations, institutions and individuals around the world achieve their financial goals. For over 85 years, the firm’s reputation for using innovative thinking to solve complex problems has been well earned and rarely matched. A consistent industry leader throughout decades of dramatic change in modern finance, Morgan Stanley will continue to break new ground in advising, serving and providing new opportunities for its clients. Morgan Stanley is committed to maintaining the first-class service and high standard of excellence that have always defined the firm. At its foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide its more than 60,000 employees in 1,200 offices across 41 countries.
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