EMEA Non Financial Risk – Conduct Risk Framework - Vice President/Assistant Vice President - #1685332

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. The Firm’s employees serve clients worldwide including corporations, governments, and individuals from more than 1,200 offices in 43 countries.

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.

About Legal and Compliance Division, Non-Financial Risk and Conduct Risk

The professionals in the Legal and Compliance Division “LCD” provide a wide range of services to our business units. LCD is made up of the Legal, Regulatory Relations, and Non-Financial Risk departments which preserve the firm’s invaluable reputation for integrity and protect the firm from sanctions with policies and procedures that are designed to meet regulatory requirements around the world. We also strive to maintain cooperative relationships with governmental policy makers and the regulatory and self-regulatory agencies that govern the firm’s businesses.

The second- line Non-Financial Risk “NFR” organization includes the Compliance, Global Financial Crimes, and Operational Risk departments and provides a single, comprehensive, and consistent second-line view of these non-financial risks. Non-Financial Risk encompasses risks which are not financial in nature, and could have a potential economic, reputational, regulatory, financial reporting, or client impact from (i) failed or inadequate processes, data, or controls; ii) infrastructure or environmental factors; or iii) intentional or inadvertent actions of employees or external parties. The second-line NFR organization partners with the first-line business units to advise, train, manage, report, identify, analyze, and escalate non-financial risks.

Conduct Risk continues to be a priority focus area for both UK and European Regulators. The EMEA Compliance Department own the policy and Framework which defines how Morgan Stanley identifies and manages Conduct Risk within EMEA. Responsibility for identifying, assessing, escalating, remediating, and reporting on Conduct Risk is shared among all areas at the Firm.

Primary Responsibilities

The role supports the Conduct Risk framework across all business and infrastructure departments in EMEA and drives ongoing enhancement to the Conduct Risk management program.

This role will report to the EMEA Head of Non-Financial Risk programme and the Glasgow Head of Legal and Compliance.

What will you be doing?

• Engaging with business unit and infrastructure staff and management to enhance management of conduct risk within EMEA;
• Supporting business units and the Conduct Risk Officers in their day-to-day management of conduct risk;
• Contributing to the design and coordinating the delivery of training programs to ensure EMEA based staff understand conduct risk and the application of the FCA and PRA Conduct Rules;
• Monitoring of conduct risk incidents and providing reporting on themes and trends to Senior Management and to Conduct Risk Governance for to ensure there is effective oversight of conduct risk within EMEA; and
• Executing initiatives and projects to enhance components of the Framework in line with annual planning or other EMEA or Global initiatives.
  
  

What We’re Looking For

• University degree or equivalent with strong academic credentials;
• Experience in financial services with a leading bank, securities house, regulator or consultancy practice in an operational, control or compliance function;
• An understanding of financial markets and products (in particular, Equities, Fixed Income, Commodities, and Investment Banking / Capital Markets) and previous experience in Conduct Risk Management is an advantage;
• Proven leadership skills, including the ability to manage and motivate a headstrong collection of senior colleagues; and
• A highly-motivated self-starter, able to manage your own workload and respond to changing priorities.
  
  

Skills That Will Help You In The Role

• Excellent written and oral communication skills; able to present complex matters succinctly to a range of audiences through all levels of the organization;
• Excellent interpersonal skills and ability to work effectively with colleagues across divisions and multiple locations;
• Strong organizational skills, including previous experience in project management; and
• Excellent time management skills with the ability to execute tasks within tight deadlines.
  
  

What You Can Expect From Morgan Stanley

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.

Certified Persons Regulatory Requirements

If t his role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.

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.

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.