About the Role
The Wealth Management (WM) Chief Data Office (CDO) sits within the WM Risk organization and strives to find the right balance between risk management and business enablement. WM CDO’s mission is to: prevent unauthorized access to or misuse of client sensitive data and assets; abide by relevant privacy laws and regulations; effectively retain, retrieve, and protect information and records; and mitigate risks caused by inaccurate, untimely, or incomplete WM data.
The Vendor Risk Team within WM CDO works to ensure third-party relationships supporting WM are subject to appropriate risk management oversight. The team is seeking an Associate to support its efforts to ensure that vendor-related risks are inventoried, measured, and mitigated to the extent possible.
Key responsibilities include supporting day-to-day risk management tasks such as:
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
This Associate Will Also Collaborate With Subject Matter Experts (SMEs) Across WM And Morgan Stanley To Coordinate And Manage Strategic Initiatives, Such As
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
Requirements
- Bachelor's degree
- 3-5 years of relevant risk management experience
- Excellent communication skills (verbal and written)
- Attention to detail, strong analytical, quantitative, and investigative problem-solving abilities
- Strong organization and time-management skills, with the ability to swiftly transition between projects and tasks
- Ability to work independently, be self-motivated, and possess a strong sense of accountability/ownership
- Excellent MS Office skills (Excel, PowerPoint, Word)
- Ability to contribute to and collaborate with a global team
About the Company
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 42 countries, our firm's employees serve clients worldwide including corporations, governments, institutions and individuals.
We are committed to maintaining the first-class service and high standard of excellence that have always defined the firm and everything we do is guided by our five core values: Do the right thing, put clients first, lead with exceptional ideas, commit to diversity and inclusion, and give back.