Deputy Chief Operating Officer - London, United Kingdom - Morgan Stanley

Morgan Stanley

Verified Company

London, United Kingdom

1 week ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Deputy Chief Operating Officer (Operational Risk Department) - Vice President

Job Number:
3232204

POSTING DATE:
Mar 14, 2023

PRIMARY LOCATION:
Europe, Middle East, Africa-United Kingdom-United Kingdom-London

EDUCATION LEVEL:
Bachelor's Degree

JOB:
Operational Risk

EMPLOYMENT TYPE:
Full Time

JOB LEVEL:
Vice President

DESCRIPTION

Division: Risk Management

Role:
Deputy Chief Operating Officer (Operational Risk Department)

Level:
Vice President

Location:
London

Background on the Position
The role will reside within Firm Risk Management's Operational Risk Department (ORD)

Operational Risk refers to the risk of financial or other loss, or potential damage to a firm's reputation, resulting from inadequate or failed internal processes, people, systems, or from external events (e.g., fraud, legal and compliance risks or damage to physical assets).

The Firm may incur operational risk across the full scope of its business activities, including revenue-generating activities (e.g., sales and trading) and control groups (e.g., information technology and trade processing).

This position directly supports a senior-level team in operational risk by providing analytical, decision-making, and presentation support.

Firm Risk Management

Firm Risk Management (FRM) supports Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, operational, model and other risks.

About Morgan Stanley

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.

As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethic.

We can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow.

A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

What will you be doing?

Second line oversight and challenge of Operational Risks for EMEA businesses
Support transparency and evolution of the overarching Framework through thought leadership and proactive challenge of risk identification, prevention and detection controls and processes, and metrics
Collaborate with and also challenge ORD Coverage teams in the design, configuration and implementation of deep dives and Portfolio Analysis
Own the production and distribution of monthly and quarterly risk management reporting for ORD
Ongoing communication with EMEA FRM COO team.
Support the implementation of reviews of incidents, risk and control assessments, management information, etc.
Assist the EMEA Head of ORD in preparation and execution of Governance responsibilities

FRM is committed to creating and providing opportunities that enable our workforce to reflect diverse backgrounds and views.

QUALIFICATIONS

What we're looking for:
A Bachelors degree or equivalent
Extensive financial services experience, including Risk Management
Strong technical understanding of sales and trading, investment banking, and investment management businesses
Strong risk, process and control validation and/or assessment skills a prior role within consulting or internal audit covering risk processes is preferable
The ability to effectively communicate with a wide range of stakeholders, both written and verbally
Collaborate with teams and stakeholders throughout FRM and across other Divisions
Confidence to take ideas forward and to challenge others, where appropriate, with experience in management by influence, facilitating and gaining consensus
Exposure to Qlikview, Tableau or other BI capability (preferred)
Strong MS Powerpoint and MS Excel skills (preferred)

Flexible work statement:
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.

Equal opportunities statement:
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential.

Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences.

Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.