Wealth Management Privacy Risk Specialist

The Wealth Management (WM) Chief Data Office (CDO) sits within the WM Risk organization and strives to find the right balance between risk management and business enablement. WM CDO’s mission is to: prevent unauthorized access to or misuse of client sensitive data and assets; abide by relevant privacy laws and regulations; effectively retain, retrieve, and protect information and records at the Firm; and mitigate risks caused by inaccurate, untimely, or incomplete WM data.   

 The Privacy Risk Team within WM CDO is responsible for ensuring WM is compliant with increasingly complex U.S. and international consumer privacy laws. The team works to reduce regulatory and reputational risk while enabling the WM business to grow and achieve its strategic objectives. 

Role Description 

 The WM Privacy Risk Team seeks a privacy risk expert with experience handling U.S. and international privacy matters to advise business stakeholders on the privacy implications of in-flight and proposed activities. This individual will consult on requirements and restrictions regarding the collection, use, storage, and sharing of sensitive client, consumer, and employee information, including with respect to Morgan Stanley's potential expansion to new jurisdictions and increased usage of artificial intelligence. This individual will work cross-functionally with centralized privacy legal and compliance teams, business area legal coverage teams, business process and product owners, and technology partners. A successful individual will have strong problem-solving skills and an ability to marry legal guidance with an appreciation for business priorities and the complexity of control implementation.  

 Key responsibilities include: 

• Provide subject matter expertise regarding applicable privacy regulations, laws, and industry standard procedures and controls 

• Assist with gap analysis and advise on required controls in the wake of new or amended regulations and laws 

• Advise Business stakeholders on privacy-related issues in products and services 

• Guide Business stakeholders and consult with legal and compliance colleagues to ensure the Privacy Impact Assessment process for WM systems, models, and third-party services is efficient, comprehensive, and effective at identifying risks and control requirements  

• Consult on data subject access rights requests as needed 

• Produce guidance and assist with training initiatives as needed 
   

Qualifications: 

• In-depth knowledge of data privacy compliance laws including, but not limited to, General Data Protection Regulation (GDPR), California Consumer Privacy Act and amendments (CCPA/CPRA), Gramm-Leach-Bliley Act (GLBA), Fair Credit Reporting Act (FCRA), etc. 

• Working knowledge of digital privacy technologies and practices, including cookie consent frameworks, tracking technologies (e.g., pixels, tags), preference management tools, etc.  

• Experience advising all levels of an organization on privacy considerations and control implementation  

• Excellent written and verbal communication skills with the ability to translate complex legal concepts into practical business guidance  

• Proven track record of meeting deadlines, learning quickly, being resourceful, and shouldering additional responsibility 

• Familiarity with the financial services industry; preferably in the area of wealth management 

• Comfort challenging and escalating risks and decisions   

• Willingness to be flexible and agile when shifting business priorities or external forces impact team coverage needs 

• Ability to work collaboratively on a team, supporting and championing both individual and team success  

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.

New York: Expected base pay rates for the role will be between $110,000 and $190,000 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.

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.