U.S. Banks Field Operational Risk Officer - Assistant Vice President

Morgan Stanley (“MS”) is a global financial services firm that conducts its business through three principal business segments—Institutional Securities, Global Wealth Management via Wealth Management (WM), and Asset Management. WM’s network includes approximately 15,000 Financial Advisors with total client assets of over $1.5 trillion. WM provides comprehensive financial advice and services to its clients including brokerage, investment advisory, financial and wealth planning, credit and lending, deposits and cash management, annuities, insurance, retirement and trust services. Morgan Stanley Private Bank, National Association (“Bank” or “MSPBNA”) provides deposit and lending products and services to serve the needs of Wealth Management clients and seeks a Field Operational Risk Officer as part of the Bank’s First Line Operational Risk Organization.  The Field Operational Risk Officer will perform offsite risk monitoring, and onsite education and training of the operational and compliance risks related to the banking and lending activities of Private Bankers and Financial Advisors within the Field Operational Risk Officers’ dedicated region.  The Field Operational Risk Officer will report to the Bank’s Head of Field Risk and will be based in the Purchase (NY) location.The Field Operational Risk Officer will be expected to:Serve as the Bank’s in-field primary resource concerning operational risks related to cash management and lending products and services Educate, advise and provide guidance to the field on questions and issues pertaining to products and services offered by the BankPartner with, and leverage firm-wide monitoring groups and tools to oversee cash management and lending activities conducted by employees of the Bank in WM branches, to help ensure compliance with all applicable regulatory rules and all Firm and Bank policies and proceduresConduct daily and periodic monitoring activities and maintain accurate metrics and reporting for U.S. Banks Senior Management Contribute to the preparation of senior management presentation materialsCreate/Maintain/Own applicable field risk policies, procedures, and control libraries pertaining to the U.S. Banks field risk programTrack and monitor risk indicators and conduct timely escalation of emerging issues to senior managementPrepare and summarize results of offsite monitoringAssist with ad-hoc and annual risk, vetting requests from various partners across Morgan StanleyWork collectively with Field and Bank management to identify, monitor, control and address operational risk-related issuesPartner with and leverage the Firm and Bank’s Operational Risk Team frameworks and programsContribute to the preparation of senior management presentation materialsTravel Expected: 0-15%The Field Operational Risk Manager should have:Bachelor’s Degree or higher5+ years of experience in operational risk management, business management, legal/compliance, banking and lending product risk advisory, or internal auditStrong understanding of operational risk within the Financial Services industry (e.g. Private Banking, Retail Banking, and/or Mortgage BankingDaily email surveillance and call monitoringBroad knowledge of lending and deposit product risks including risks related to lending products and (including residential home loans, securities based loans, commercial real estate lending, and deposit and cash management products and services (including ACH, wires, Deposit accounts, CDs/Structured CDs and credit/debit cards)Skills/Abilities:Ability to manage multiple tasks concurrently in an efficient and effective mannerStrong organizational, presentation and reporting skillsEffective written and verbal communication skillsAbility to work both independently and with team members under tight deadlinesAbility to execute in a fast paced, high demand environment while balancing multiple prioritiesAbility to manage initiatives involving process improvementsAbility to build effective business partnerships across the Bank and FirmAbility to own an oversight framework element and proactively enhance that framework when neededProficiency in Microsoft Office applications including Excel, PowerPoint, SharePointWHAT 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 $85,000 and $140,000 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 t