Asia Client Asset Risk, Governance & Oversight:
Operations Risk & Control as a department performs various independent functions to ensure adequate controls are in place, through providing an integrated risk and control framework to govern, assess, mitigate and manage financial and operational risk in Operations. The Role focuses on Asia Governance, with the facilitation of regular committee meetings on behalf of senior management, content preparation & action tracking to closure. The role requires strong partnership across all divisions in the region, namely; Asia Branch Operations, Business Units, Technology and Legal & Compliance divisions to ensure that the regional client asset control framework is functioning appropriately and fulfilling its regulatory reporting requirements.
Complementing this, the role holder will have a mandate to perform assurance oversight of the legal entities that are regulated and have client money and asset permissions and entitlement. This will involve a close understanding of jurisdictional client asset rule requirements, partnering with Compliance officers and demonstrating guile to stand up effective controls testing and process understanding reviews.
In addition Morgan Stanley operates a Transformation and Automation First approach, the role holder will partner with technology to migrate critical client money activities from legacy architecture to Power Platforms. This is a key deliverable to the resilience and reduction in manual processing of regulatory activity.
Primary Responsibilities:
The team is looking to recruit a confident and experienced Vice President to support the requirements, objectives and expectations of Asia Client Asset Risk, Governance & Oversight. The broad reaching portfolio covers multiple products, regional regulatory requirements and global functions and will require confidence in multi-faceted process management, effective people management through informal teams, clarity in update to senior management and the ability to work effectively and accurately across multiple time zones and jurisdictions.
Given the focus on Client Money & Assets in the region and the rapidly developing environment, this role offers considerable scope and opportunity.
At the Vice President level, the role will be an Advanced Specialist reporting to the Global Head of Client Assets.
Other key deliverables may include responding to external and internal audit queries and exams and the provision of appropriate executive summaries and management information that feature in Governance submissions up to and including board level. Skills required (essential):
General:
- Clear and timely communication
- Accuracy and attention to detail
- Project/Change management skills to drive change and optimise controls
- Confidence in facing off with senior management across multiple stakeholder groups
- Ability to assimilate multiple sources of information and produce succinct, accurate summaries
- Collaboration - ability to work across operational divisions and boundaries
- Experience in Operational Risk and Governance
- A proficient understanding of the front to back flows across multiple investment banking business and operational lines
Control:
- Demonstrates a clear understanding of the businesses they support
- Understands what is important and prioritizes accordingly
- Ability to explain risk management and articulate their role in identifying and escalating risk issues
- Understands the importance of following defined procedures and completing the appropriate checklists
- Proactively escalates issues as they occur-
- Does not compromise control to comply with clients requests
Commercial:
- Demonstrates an understanding of stakeholder (internal & external) requirements
- Responds to stakeholder requests with accuracy and speed
- Takes personal responsibility for resolving stakeholder issues, is able to clearly escalate cause and resolution
- Demonstrates accountability for actions and errors
- Actively seeks opportunities / challenges broader than current scope of role
- Actively seeks out new opportunities for self-development and career development
- Develops a full understanding of team's performance metrics and how this can impact the wider business environment
People:
- Helps to create a positive work environment that builds trust, finds innovative ways to improve team work
- Actively participates in team meetings, raising issues, questioning others and offering solutions/ideas
- Shows a willingness to help others in the team with tasks and issues
- Proactively ensures upward and peer communication of initiative, issues and successes
- Takes responsibility for their own personal goals and the delivery of the teams goals
Skills required (desired):
- Experience of dealing with complex regulatory issues
- Experience of partnering with external and internal audit
- Experience of three lines of defence operating model
- Experience of implementing system and automation improvements
- Proven experience in a CASS environment
WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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.
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Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.