Credit & Market Risk Framework Governance, Director

Morgan Stanley
North Lanarkshire
05 Sep 2017
03 Oct 2017
Contract Type
Full Time
Company Profile:
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.

As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

Department Profile:
The Operations division is both the first line of defence for protecting Morgan Stanley's financial and reputational well-being, and an essential partner contributing to the firm's growth. Facing off to all Morgan Stanley businesses and interacting with all other parts of the Firm, the Operations division supports a complex, multi-faceted portfolio of businesses in full compliance with regulatory guidelines and the directives of the Operating Committee and Board of Directors.

Members of the Operations team have a unique vantage point as the division touches all parts of the business, front to back. One of the largest divisions in the firm, Operations has diverse responsibilities, including correctly settling and recording millions of transactions per day, identifying and mitigating all operational risks, developing strong client relationships and partnering with technology to realize the full potential of IT and e-solutions. Throughout, we continually strive to improve while actively supporting the development of new businesses, structures and markets.

Team Profile:
Operations Risk & Regulatory Control 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 team focuses on implementing appropriate internal controls, business processes, and internal management reporting and analysis to mitigate operational risk and fulfil regulatory reporting requirements.

Primary Responsibilities:
This specific role is responsible for providing governance and oversight of the Credit and Market Risk Control Framework. In addition to day-to-day responsibilities, the team has a number of opportunities to get involved in regulatory and business driven projects and process improvement work.
With a presence in Glasgow and Mumbai, the governance function requires us to work closely with wider groups across Operations, Credit Risk Management, Corporate & Banking Technology and Finance. Each area combines to support and perform the reconciliations and control checks that make up the Control Framework.

Our ORRC team works to the highest standards to ensure that any changes to data inputs, booking models or regulations that may impact the framework are communicated to downstream users. Changes must be fully understood and tested to ensure no adverse impact.

The successful candidate will have the following responsibilities:
- Understand our processes and how they relate to our stakeholders requirements and the Control Framework
- Assessing the impact of changes to data sources, booking models and regulations to the Control Framework
- Pro-actively communicating new requirements to downstream data consumers whenever they might be impacted
- Performing User Application Testing for numerous teams
- Seeking opportunities to improve the team's control framework and improve efficiency of existing controls
- Developing and maintaining relationships with key stakeholders and business partners
- Representing Operations across multiple Credit and Market Risk forums as well audit and regulatory interactions
- Project management and enhancement prioritization
- Assessing accuracy of Account Reference Data and understanding how this impacts Credit and Balance Sheet Risk
- Correcting Account Reference Data to mitigate Credit and Balance Sheet Risk.
- Supporting and challenging account opening processes to avoid introducing Credit and Balance Sheet Risk

This is not exhaustive and tasks and responsibilities may change to maintain our high levels of service.

Skills required (essential):
To be successful in this Credit and Market Risk Governance role, the candidate must:
- Be confident and experienced, coordinating efforts across multiple teams and divisions
- Have a record of accomplishment of delivering against tight deadlines
- Be methodical with strong analytical skills
- Be interested in a technical role, capable of understanding detailed trade flows, products and systems
- Possess excellent communication skills necessary for frequent interaction with colleagues across many international locations and a variety of Morgan Stanley divisions
- Be inquisitive and self-motivated whilst working as part of a diverse team
- Have the ability and confidence to identify and raise risk issues to management. They must suggest solutions, process improvements and highlight any areas of concern
- Pay attention to detail and be proficient with Microsoft Office - Access, Excel, Word, and PowerPoint

Skills Desired:
- Knowledge of Credit and Market Risk Theory and Concepts
- Knowledge of Firm Trading, Operations and Finance System architecture
- Knowledge of financial products including, but not limited to Equity, Fixed Income, Commodities and FX

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise 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.*LI-AM1