Operational Risk Manager Vice President

at  Morgan Stanley

Operational Risk Manager Vice President
Frankfurt
3249187
Morgan Stanley is seeking a Risk professional to join the Operational Risk Department (ORD) within Risk Management in Frankfurt at the Vice-President level. The role-holder will have responsibility for MSEHSE Group Operational Risk coverage, including but not limited to support for governance and regulatory engagement, operational risk framework management and MSEHSE Group Coverage. The role will report to the Head of Operational Risk of Morgan Stanley Europe.
About Morgan Stanley
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.
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. We 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.
What will you be doing?

Governance and Regulatory Engagement:

• Support the MSEHSE Group Head of Operational risk in setting up and maintaining operational risk framework in the entity; Operational Risk Appetite Framework including
• Prepare for supervisory review operational risk management reporting;
• Participate in preparation for regular operational risk regulatory meetings and responses to regulatory queries;
• Participate in global and regional committees as required;
• Support development of policies and procedures;

Operational Risk Coverage:

• Develop in-depth understanding of business and operational risks within the MSEHSE Group;
• Interact with Sales and Trading to provide review and challenge on operational risk management activities
• Carry out deep dives into material operational risk events (internal and external) and analyses of thematic and operational horizon risks;
• Oversee Operational Risk and Control Self-Assessment process and providing challenge of its results
• Challenge appropriateness of remediation actions for operational risk incidents and issues
• Facilitate Scenario Analysis process and challenge outcomes
• Assess and provide Operational risk sign-off on NPAs relevant to the MSEHSE Group

What we’re looking for:

• Bachelor’s degree or equivalent
• Prior experience in risk management roles, within a wholesale financial services environment
• Prior experience in risk coverage of institutional securities business
• Confidence to take ideas forward and to challenge others, where appropriate, with experience in management by influence, facilitating and gaining consensus

Skills that will help you in the role:

• Strong organisational skills with the ability to multitask and prioritise; ability to work under pressure and to tight deadlines
• Excellent communication skills, both verbal and written; ability to produce concise and effective presentations
• Ability to work in a team environment, building and maintain a network of contacts and coordinating with a large number of stakeholders

Where will you be working?
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 (e.g., fraud, legal and compliance risks or damage to physical assets) impacting the full scope of its business activities, including revenue-generating activities and infrastructure groups. The Firm has developed a robust Operational Risk Management Framework designed to identify and assess significant operational risks and ensure appropriate mitigation actions are undertaken. The Framework is based upon a Three Lines of Defence model within which ORD operates as part of the Second Line of Defence, providing independent oversight and challenge to the management of operational risk across the Firm. Given the nature and breadth of operational risk, operational risks are managed at multiple levels e.g. Firmwide, as well as Regional, Business Unit, Infrastructure Group, Control Function and Legal Entity.
Flexible work statement:
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.
Internal Applicants:
Internal mobility can be a way to grow your career and realize your professional potential. Typically, you must be in your position for at least 18 months and performing satisfactorily before applying for another job at the Firm. Internal applicants can find out more regarding career navigation, mobility guidelines and policy on our employee portal by clicking here .
Equal opportunities statement:
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

• Strong organisational skills with the ability to multitask and prioritise; ability to work under pressure and to tight deadlines
• Excellent communication skills, both verbal and written; ability to produce concise and effective presentations
• Ability to work in a team environment, building and maintain a network of contacts and coordinating with a large number of stakeholder