Third Party Risk Director

We’re seeking someone to join our team as a Third Party Risk Director to be responsible for supporting the ongoing development, implementation and management of the Firm's third party risk management program.

This role involves assessing and monitoring risks posed by third party vendors, suppliers, partners and inter affiliates to ensure compliance with internal policies, regulatory requirements and relevant industry standards.

Find out more about the daily tasks, overall responsibilities, and required experience for this opportunity by scrolling down now.

In the Corporate & Enterprise Services division, we provide solutions that enable Morgan Stanley’s workforce, across our global workplace locations, to effectively and efficiently work in the service of our clients.

This is a Director position within Third Party Risk Management, which specializes in identifying, analyzing, and managing risks presented to a company as a result of working with external parties / vendors.

At Morgan Stanley Baltimore, we support the Firm's global businesses, with critical presence across Institutional Securities, Wealth Management and Investment management, as well as in the Firm's infrastructure functions of Technology, Operations, Finance, Risk Management, Legal and Corporate & Enterprise Services.

Morgan Stanley has been rooted in Baltimore since 2004. We empower our multi-faceted and talented teams to advance their careers and make a global impact on the business.

For those who show passion and grit in their work, there's ample opportunity to move across the businesses.

Interested in joining a team that’s eager to create, innovate and make an impact on the world? Read on

What you'll do in the role :

• Support Morgan Stanley's Business Units in identifying and managing Third Party risks in accordance with the Firm's TPRM framework, coordinating with other functional and regional TPPM teams as required.
• Monitor and assess Business Units' adherence to policies, standards, and procedures.
• Review proposed new, and changes to existing, outsourced services and partner with Business Units to ensure required procedures are followed and standards are met.
• Track, investigate and report on Third Party incidents and events which impact or pose a risk to Morgan Stanley, coordinating with global TPPM teams and impacted Business Units.
• Identify and escalate risks and issues for resolution, escalating to the Regional and Global Head as appropriate, and work with the Businesses and Support Functions to investigate, manage and mitigate.
• Provide support to the TPPM teams response to any upcoming changes and challenges in the EMEA regional regulatory landscape.
• Ensure that due diligence and risk assessments are performed for all third party services as well as impacted jurisdictions.
• Monitor and report on program metrics that measure against agreed upon SLAs, including monthly scorecards and performing trend analysis.
• Provide timely delivery of required reporting and responses to Audit, Compliance and regulatory requests related to the Program and the Firm's third party services and outsourcing data.
• Perform a QA role in support of our adherence to the Program requirements.
• Maintain relevant procedures and documentation for the Program.
• Training and awareness support for Business Units and other relevant stakeholders.
• Assist in developing policies and programs related to third-party risk management, ensuring they reflect best practices and regulatory expectations.

What you'll bring to the role :

• At least 5 years in third party management or equivalent experience.
• Experience in Global Banking or Financial Services organizations, preferably in roles relating to Internal control and risk management.
• Strong risk management and analytical capabilities along with the ability to translate data analysis into actions and results for Senior Management.
• Excellent English writing skills with ability to flex messaging to audience is required.
• Strong project management skills, including ability to coordinate with cross-functional teams across the globe with varied backgrounds and skills.
• Excellent communication and presentation skills and proven ability to effectively interact with team members, Business Units, and peers, earning their trust and establishing credibility.
• Strong understanding of multi-jurisdictional regulatory requirements for managing Third Party and outsourcing risk in Financial Services organizations.
• Experience in developing and maintaining process and procedural documentation.
• Bachelor's degree or equivalent combination of training and experience.
• Strong proficiency in Microsoft PowerPoint and Word.
• Ability to work in a global team environment, building and maintaining a network of contacts and coordinating with a large number of stakeholders.

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 85 years.

At our foundation are five core values putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back that guide our more than 80,000 employees in 1,200 offices across 42 countries.

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

Salary range for the position : $75,000 - $120,000 Yr. The successful candidate may be eligible for an annual discretionary incentive compensation award.

The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component.

Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually), 10 Paid Holidays, 401(k), and Short / Long Term Disability, in addition to other special perks reserved for our employees.

J-18808-Ljbffr