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Morgan Stanley · 7 hours ago

U.S. Banks Conduct Risk Associate

Purchase, NY

Full-time

Onsite

Mid Level

$58K/yr - $115K/yr

3+ years exp

Morgan Stanley is a global financial services firm that provides comprehensive financial advice and services. The Conduct Risk Associate will oversee and monitor potential conduct risk activities, prepare reports for senior management, and support various risk initiatives within the Bank's First Line Operational Risk Organization.

Asset ManagementFinanceFinancial ServicesLending

Responsibilities

Conduct daily surveillance of Bank Home Office employees and provide employee education for identified policy violations

Conduct daily and periodic monitoring activities and maintain accurate metrics and reporting

Prepare and summarize results of offsite monitoring for reporting to Senior Management

Monitor and report metrics on Conduct Risk related activities for the Bank’s First Line Operational Risk Organization

Assist with review of outside activities and private investment transactions submitted by Morgan Stanley employees to ensure the activity/investment do not result in actual or perceived conflicts of interest

Support various Bank Conduct Risk initiatives, proactively identifying risks and ensuring appropriate supervision

Manage projects as needed and assigned; deliveries are often related to ad-hoc requests so a successful candidate must be able to work in an environment with evolving priorities, making sound decisions about prioritization

Collaborate and build effective working relationships with colleagues in Business Units, second and third-line control functions (Legal, Compliance, and Audit) on an ongoing basis

Qualification

Operational risk managementLending product risk knowledgeAudit experienceAnalytical skillsCommunication skillsProject managementMultitaskingMS Office proficiencyTeam collaborationDetail-oriented

Required

Bachelor's Degree or higher

3+ years of experience in audit, business management, legal/compliance, banking and lending product risk advisory, internal audit, or operational risk management

Strong understanding of operational risk within the Financial Services industry (e.g. Private Banking, Retail Banking, Investment Banking and/or Wealth Management)

Knowledge of lending and deposit product risks including risks related to residential mortgages, securities-based lending, and deposits

Strong organization skills with the ability to multitask and prioritize; ability to work under pressure and to tight deadlines

Strong analytical and problem-solving skills (critical thinking ability)

Excellent written and verbal communications skills

Detail-oriented and accurate

Ability to work in a team environment, build and maintain a network of contacts and coordinate with a large number of stakeholders across the Bank and Firm

Proficiency in MS Office applications (e.g., Word, Excel, PowerPoint, SharePoint)