First Line of Defense MSPBNA Lending Business Control Unit Executive Director

Executive Director, MSPBNA Lending Business Control Unit

Morgan Stanley ("MS") is a global financial services firm that conducts its business through three principal business segmentsInstitutional Securities, Wealth Management (WM), and Asset Management. WM's network includes approximately 15,000 Financial Advisors with total client assets of over $5 trillion. WM provides comprehensive financial advice and services to its clients including brokerage, investment advisory, financial and wealth planning, credit and lending, deposits and cash management, annuities, insurance, retirement, and trust services.

Morgan Stanley Private Bank, National Association ("MSPBNA") provides cash management and lending products and services to serve the needs of WM clients. The US Banks seeks an Executive Director to join the First Line of Defense (1LOD) MSPBNA Lending Business Control Unit (BCU). The candidate will support the operational risk program for the suite of lending products and support cross-product initiatives across Tailored Lending, Securities Based Lending, Private Share Lending and Residential Mortgage.

The BCU ED will report to the Head of the MSPBNA Lending BCU Executive Director and will be based in 1 NYP, New York.

Position Summary :

The Executive Director in the MSPBNA Lending Business Control Unit (BCU) serves as a key member of an embedded risk team within the Lending Businesses. The BCU team generally is responsible for identifying, measuring, monitoring, controlling, and reporting operational risks, while enabling consistent execution of risk management practices across the Banks. This role will fill a need for cross-team programs, organizational activities inclusive of COO functions, committee membership, strategic planning and strategic project execution. The ED will work closely with the Head of the BCU, the BCU team, business owners, and business risk management to ensure accountability for risks created within their respective lines. The goal of this position is to strategically organize, lead and drive change to continue to educate and improve on the BCU structure and value.

Key Responsibilities :

• Drive Lending cross-product risk related initiatives to ensure the Lending products are connected to firm-wide or Bank-wide programs, including being able to identify the need for technology and process changes within the products.
• Evolve the BCU engagement model to focus on providing value in risk management work early in the strategic planning and strategic projects lifecycle.
• Enable the team by setting structure and process to successfully partner on new product development activities to identify risks and controls; manage the New Product and Change Management engagement model.
• Enable the team by setting structure and process to proactively identify risk prevention opportunities within the business processes.
• Create a program to create and manage business process flows for lending business processes.
• Evolve the metrics programs to better align and organize cross-product metrics to ensure we are monitoring risks appropriately across our businesses.
• Evolve the execution model across various Operational Risk frameworks in accordance with Firm and US Bank requirements.
• Build product expertise in Lending products.
• Collaborate with Risk partners (Legal, Compliance, Central Business Risk, 2nd Line Risk Groups) to resolve issues and obtain guidance.
• Manage issue and incident identification, reporting, tracking, documentation, and closure for effective remediation.
• Contribute to the development and refinement of risk governance procedures.
• Produce, review, and manage procedure documents.
• Manage the production of management reporting materials and prepare for monthly risk meetings.

Experience and Knowledge :

Skills :

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work.

Expected base pay rates for the role will be between $150,000 and $250,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership / union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M / F / Disability / Vet).