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E*TRADE from Morgan Stanley · 4 months ago

WM Vendor Risk Associate

New York, New York, United States of America

Full-time

Onsite

Mid Level

$58K/yr - $115K/yr

3+ years exp

E*TRADE from Morgan Stanley is a leading financial services firm focused on wealth management. They are seeking a WM Vendor Risk Associate to support the Vendor Risk Team in managing third-party relationships and ensuring vendor-related risks are effectively mitigated.

BankingFinanceFinancial Services

Responsibilities

Facilitating the onboarding and due diligence process for new WM third-party relationships

Reviewing and following up on the results of risk assessments conducted by due diligence and control groups, escalating issues for remediation/resolution within Service-Level Agreements (SLAs)

Supporting WM third-party relationship managers with end-to-end lifecycle management

Helping manage time-sensitive vendor-related incidents (e.g., data breaches), including tracking action items, preparing summaries for management, and coordinating post-incident “lessons learned” activities

Developing and maintaining WM Vendor Risk desktop procedures and processes and creating and updating knowledge-sharing documentation

Assisting with recurring and ad hoc reporting of Key Performance Indicators (KPIs) and Key Risk Indicators (KRIs)

Assisting with the development of presentations for senior management and key stakeholders

Liaising with Operations and Technology counterparts to be sure that any third-party services directly supporting the WM business meet WM third-party risk management standards

Overseeing resilience-related requirements for critical WM third-party service providers (e.g., contingency and exit plans and associated testing)

Representing the WM perspective in enterprise-wide discussions about tooling related to third-party risk management, ensuring that WM requirements are clearly conveyed and implemented in line with expectations

Tracking the destruction or return of WM data shared with third-party service providers once any stipulated retention requirements have been met

Producing quarterly/biannual reporting to WM business areas on the nature of their third-party risk footprint along with strategic recommendations to consolidate vendor relationships or enhance supplier oversight activities

Assessing emerging third-party risks and industry trends and advising the WM business on how risk management processes should adjust or scale to account for new risks

Qualification

Risk management experienceVendor relationship managementFinancial services knowledgeMS Office skillsAnalytical problem-solvingProject management toolsVisualization toolsCommunicationAttention to detailTime-management skillsTeam collaboration