Risk Officer, Assistant Vice President
Wealth Management Platforms
Purchase, New York
About Morgan Stanley
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management 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.
Morgan Stanley is committed to helping its employees build meaningful careers and we strive to be a place for people to learn, achieve and grow.
Department Overview
In the Wealth Management division, we help people, businesses and institutions build, preserve, and manage wealth so they can pursue their financial goals
Wealth Management (WM) Platforms manages industry-leading platforms, across all WM channels and client segments, to provide a unified digital experience, unlock growth, and deliver efficiencies for Advisors, Clients, and Institutions. WM Platforms consists of ten sub-teams including: Field Experience & Platforms, Digital Client Experience & Platforms, Workplace Platforms, Automation & Workflow, Digital Trading & Investing, Generative AI, UX Design & Research, Strategy & Execution, WM Platforms Risk, and the Chief Operating Office.
The Business Control Unit (BCU) within Wealth Management Platforms Risk has core responsibilities including, but not limited to, operational risk management, incident management, risk acceptances, risk and control self-assessment via the Non-Financial Risk Assessment (NFRA) framework, policy and procedures coordination, issue and action plan management, audit and Compliance exam preparation and management, licensing and registration review, committee and/or new product approval materials coordination, business continuity planning (BCP) coordination, and entitlements management.
The Team partners and supports businesses managing platforms which include: Digital Direct Web and Mobile , Wealth Management Generative AI, Digital Trading and Investing, Digital Assets, Asset Movement, Automation and Workflow, Contact Center support and New Account Opening (NAO) and maintenance.
What you’ll do in the role:
- Provide overall Risk support and coverage for WM Platforms.
- Assist in the management of, and act as the central point of contact for Internal Audit, Compliance, Legal, and external regulatory reviews to ensure coordination of informational requests with impacted areas and timely responsiveness.
- Lead and participate in Audit preparation prior to kickoff; Assist in drafting final audit reports, inclusive of language editing and creation of action plans based on potential findings.
- Manage Issues and Action Plans through completion, ensuring engagement and accountability of stakeholders, as well as engagement with Audit and Compliance regarding status and progress.
- Collaborate with Platforms Business Units regarding the Non-Financial Risk Assessment (NFRA), operational incident reporting and potential fraud matters.
- Prepare presentations, metrics, reports and Key Risk Indicators (KRIs) to present informative data to the business and other relevant stakeholders.
- Participate in the development and execution of a comprehensive entitlement and governance framework, as necessary, to ensure protection of, and justification for systems access.
- Collaborate with control partners across areas including, but not limited to: WM Risk, Internal Audit, Legal, Compliance Privacy, Vendor Management, Chief Data Office, Fraud, Operations, Operations, Model Management, Technology Risk, and Generative AI Governance, as needed.
- Support the business in the creation and maintenance of policies and procedures.
- Maintain and update Business Continuity Planning (BCP) per Firm guidelines.
- Partner with the businesses to maintain and document reviews and attestations related to : Vendor Management, Licensing and Registration, Tools/EUCs, Models, and Tools inventories per Firm guidelines
Skills Required:
- Minimum of 5 years of experience in Financial Services, Risk Management, Compliance, Governance, Control or Audit roles, with Wealth Management experience preferred
- Understanding of the Wealth Management business, Digital Assets, and Fraud Prevention risks and controls preferred
- Ability to effectively manage several key priorities simultaneously, with focus on time management and prioritization
- Comfortable operating in a dynamic, fast-paced environment with evolving business priorities
- Ability to lead and work closely with various senior business, functional, and risk management stakeholders
- Strong written, verbal and presentation skills.
- Ability to collaborate and promote teamwork
- Strong attention to detail and work ethic
- Preferred but not required:
- Certified in Risk and Information Systems Control (CRISC) certification
- Certified Information Systems Auditor (CISA) certification
- Certified Information Systems Security Professional (CISSP) certification
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.
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.
Skills Required
- Minimum of 5 years of experience in Financial Services, Risk Management, Compliance, Governance, Control or Audit roles
- Wealth Management experience preferred
- Strong written, verbal and presentation skills
- Ability to effectively manage several key priorities simultaneously
- Understanding of the Wealth Management business and Fraud Prevention risks
Morgan Stanley Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Morgan Stanley and has not been reviewed or approved by Morgan Stanley.
-
Parental & Family Support — Family support is extensive, with paid parental leave for all parents, adoption and fertility assistance, backup childcare, and eldercare resources. Feedback suggests these programs meaningfully enhance the overall package and help with retention.
-
Healthcare Strength — Health coverage spans medical, dental, vision, mental‑health access, care navigation, and expert second opinions. Convenient primary care access and condition‑specific support reinforce the depth of healthcare coverage.
-
Equity Value & Accessibility — Equity compensation and stock ownership are positioned as core motivators that encourage commitment and retention. Feedback suggests education and support are provided to help participants manage equity and related financial benefits.
Morgan Stanley Insights
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.
