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E*TRADE from Morgan Stanley · 1 month ago

U.S. Banks Business Risk New Product Approval and Product Change Management VP

New York, New York, United States of America

Full-time

Onsite

Mid, Senior Level

$110K/yr - $190K/yr

7+ years exp

Morgan Stanley is a global financial services firm that maintains significant market positions in each of its business segments. The U.S. Banks Business Risk New Product Approval and Product Change Management VP will be responsible for managing the risk governance frameworks associated with new product approvals and product changes within the U.S. Banks.

BankingFinanceFinancial Services

Responsibilities

Provide analytical and documentation support for the 1LOD Business Risk Management NPA and PCM Quorum Member as well as support the 1LOD NPA Risk Manager to perform quality assurance on other quorum members’ due diligence documentation to ensure consistency

Work with management and risk partners covering various Bank strategic initiatives and product change management due diligence which may include deep dive reviews of the end-to-end process being proposed by the Banks business units

Aid the business and proposers to understand the requirements from a risk perspective on operational readiness

Collaborate with the businesses and other stakeholders in the development of process flows to map inherent risks and their mitigating controls, including updates to the Risk and Control Assessments (RCSA)

Track and report on status of due diligence across all NPA and PCM proposals and across all Quorum Members

Facilitate conversations where there are interdependencies across quorum areas (e.g., Tech, Ops, Vendor Risk, Privacy, Info Sec, Reg W, Model Risk, and Dual Officer programs)

Conduct analysis to consider the impacts of the strategic initiatives from a thematic perspective to ensure appropriate considerations on risk impact and metrics, including open issues and incidents

Collaborate with stakeholders across 1st and 2nd Lines to confirm comprehensive and consistent practices are followed to allow for a successful oversight program that proactively manages and assesses operational risk

Attend and present in relevant management meetings and committees

Lead working group meetings with businesses/proposers and quorum members to track progress of initiatives and escalate any blockers to the proposers

Qualification

Risk management experienceProject management expertiseFinancial services experienceAnalytical skillsMicrosoft Office proficiencyCommunication skillsInterpersonal skillsAttention to detailOrganizational skills

Required

Minimum of 7 years of professional risk management experience in the financial services industry; preferably in a highly regulated environment

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, organizational 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