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E*TRADE from Morgan Stanley · 2 months ago

US Banks Business Control Unit Officer – Dedicated Business Risk Coverage - Payments AVP

Purchase, New York, United States of America

Full-time

Onsite

Mid, Senior Level

$85K/yr - $140K/yr

5+ years exp

Morgan Stanley is a global financial services firm that maintains significant market positions in each of its business segments. The AVP U.S. Banks Business Control Unit Officer will be responsible for providing risk oversight for the U.S. Banks Payments Risk and ensuring compliance with risk management policies and procedures, while collaborating with various stakeholders to manage operational risks effectively.

BankingFinanceFinancial Services

Responsibilities

Ensure the Business Risk Payments Program identifies, measures, monitors, controls, and reports current and emerging risks, maintaining a robust control environment in line with regulatory requirements

Implement effective risk management practices that support the Banks' Operational Risk frameworks for Payments, including conducting Risk and Control Assessments (RCSA) and managing operational risk incidents and issues

Collaborate with stakeholders and all three lines of defense to confirm comprehensive and consistent practices for successful oversight and proactive management of Payment Risk

Support both internal and external examinations related to payments activities by reviewing documentation and participating in meetings, walkthroughs, and issue identification

Assist in building and managing the US Banks Payments Risk Framework, and represent the Bank for firmwide alignment of Payment Frameworks

Attend and actively participate in relevant management meetings and committees to provide risk insights and support decision-making for Payment oversight

Support the Bank’s execution of key payment-related projects and initiatives, focusing on process, risk, and control identification, remediation, and operational readiness

Identify, log, and track operational risk incidents and issues from daily operations, risk assessments, audits, and independent testing, ensuring timely remediation

Develop and monitor action plans to address and mitigate operational risks, ensuring completion of remediation activities and documentation before closure

Conduct and support risk and control assessments, including RCSA, Laws, Rules & Regulations (LRR), and End User Computing (EUC) tools, aligning with the Bank’s Operational Risk Framework

Qualification

Risk managementPayments risk managementProject managementAnalytical skillsMicrosoft Office SuiteGovernance experienceCommunication skillsAttention to detailInterpersonal skillsProblem-solving skills

Required

5+ years of professional risk management experience in financial services industry; preferably in a highly regulated environment. Experience in operations, finance, compliance, or audit is a plus

Experience with Payments activity/ risk management a plus

Bachelor's Degree in Business Management, Finance, Accounting, Economics (Preferred)

Project Management expertise is a plus

Experience interacting with regulators a plus

Ability to work in a fast-paced, high-demand environment, both independently and as part of a team, under tight deadlines and with the ability to manage multiple priorities concurrently, efficiently, and effectively

Attention to detail, strong analytical, quantitative, and problem-solving skills

Strong interpersonal, verbal, and written communication skills; capable of clear and concise writing, making presentations to an internal audience, and interacting positively with upper management, colleagues, and clients

Risk management experience including governance, reporting, policy procedure review, audit/regulatory support

Strong project management and reporting skills

Excellent verbal and written communication skills, presentation skills and the ability to influence and interact with senior members of the Bank

Strong sense of ownership and accountability; is willing to be fungible and has an entrepreneurial spirit

Proficient use of Microsoft Office Suite of products including Excel, Word, and PowerPoint