U.S Banks Affiliate Risk Vice President at Morgan Stanley

Arlington, Virginia, United States -

Full Time

Start Date

Immediate

Expiry Date

06 Feb, 26

Salary

190000.0

Posted On

08 Nov, 25

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Risk Management, Commercial Contract Drafting, Intercompany Contracting, Governance, Information Technology Risks, Cloud Technologies, Compliance, Regulatory Knowledge, Project Management, Analytical Skills, Communication Skills, Interpersonal Skills, Ownership, Accountability, Team Collaboration, Problem Solving

Industry

Financial Services

Description

Work with business lines and control functions to identify, tag, and capture all intercompany agreements subject to Regulation W. Review new and existing affiliate agreements to ensure they are consistent with safe and sound banking practices, comprehensive for the services provided, and conducted on market terms. Develop and implement controls and procedures to address the complexities of Regulation W across intercompany agreements with different business lines and applicable pricing methodologies. Serve as a subject matter expert on Regulation W and sections 23A/23B for all relevant stakeholders. Develop and prepare regular reports and metrics for senior management and the board of directors on the status of the Affiliate Agreement program. Provide support for internal and external audits and examinations by preparing documentation and responding to inquiries. Collaborate with Legal, Risk, and business units to provide guidance on the development and implementation of new or modified activities and modeled transactions between the U.S. Banks and their non-banking affiliates. Bachelor's degree in Finance, Business or other related field 10+ years of relevant experience in risk management, commercial contract drafting, , intercompany contracting documentation and governance in the financial services industry is a plus Familiar with Information Technology risks in general and Cloud technologies specifically (SaaS, PaaS, IaaS, Public & Private Cloud) Demonstrate an understanding of various compliance and regulatory areas (e.g. FFIEC, NIST) Strong sense of ownership, accountability, and entrepreneurial spirit Strong project management, organization, communication, and analytical skills Ability to manage ambiguity and bring focus with recommendations on solving tactical and strategic challenges Ability to work in a fast paced environment, both independently and as part of a team, and under strict deadlines Strong at identifying key control points within a process, and then provide assessment of the preventative and detective controls Strong interpersonal skills - freely develops networks, builds consensus, prioritizes effectively, and develops alliances across organizations Strong written and oral communication skills will be important for this role as effective communication of our role to IT, the business units, regulators, and our vendors is critical 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. 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 $110,000 and $190,000 per year at the commencement of employment. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees. It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Responsibilities

The role involves working with business lines to manage intercompany agreements under Regulation W and ensuring compliance with safe banking practices. The Vice President will also develop controls and prepare reports for senior management regarding the Affiliate Agreement program.