We currently have an opportunity within the Operational Risk Governance (ORG) team in Mumbai. Operations Risk Governance (ORG) is a global risk function within ORRC to ensure risk governance and reporting, promote risk culture, maintain/enhance operational risk and control framework. Operational Risk refers to the risk of financial or other loss, or potential damage to a firm's reputation, resulting from inadequate or failed internal processes, people, systems, or from external events impacting the full scope of its business activities, including revenue-generating activities and infrastructure groups.
ORG is tasked to:
Thee current opening is for an Officer level position (Vice President) and requires the following responsibilities to be undertaken from the successful candidate:
Demonstrate a good understanding of risk issues, initiatives, and the risk landscape.
Support Operational Risk Governance and Reporting including but not limited to internal incidents, audit/ inspection findings, issues & actions etc.
Review internal risk incidents and liaising with various functional lines to ensure complete and accurate information is captured including what went wrong, impact types, control failures and action plans.
Conducting thematic analysis on risk, control, root causes from incidents, audit/ inspection findings across Operations and identifying lessons learned.
Identifying control gaps and remediation; developing risk/ control framework and best practices.
Lead, develop and coordinate and Risk & Control self-assessments.
Escalating any identified/ perceived risk issues to senior management where appropriate
Management Risk Reporting, liaising and engagement with senior management and stakeholders.
Help promote risk culture through regular communication and sharing, risk identification and assessment, training, metrics and reporting, audit/ inspection coordination etc.
Manage and coordinate risk projects with the Operations risk community.
Manage and coordinate audit/ inspection coordination with various functional lines.
Proven ability to manage teams.
Providing management updates to Operations management on risk program initiatives
Maintain stakeholder relationship with functional lines and external parties (Firm ORD, TIR, IAD, Compliance etc.) Requirements:
12+ years of working experience in Operational Risk Stream
Strong Operations functional knowledge and experience, exposure to financial services and operations
Strong Communication Skills. Effective interaction with others across departments and regions
Strong Execution skills. Partner with risk community or line managers to execute risk program initiatives timely and be able to deliver good outcome.
Ability to manage teams and multi-task.
Good writing skills. With experience in writing management summary, audit summary or operating procedures
Good understanding of Banking and Financial rules & regulations
Strong mindset of risk and controls
Good experience in audit, compliance or internal controls is a plus.
Attention to detail.
Strong Analytical skills
Work independently.
Proactive and self-motivated
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.