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FinRiA - Non-Financial Risk Assessment & Controls (NFRAC) - Vice President
Team and Role Overview
The Finance Risk & Assurance team is responsible for the design, development, and implementation of numerous operational risk programs across Global Finance. This role will be specifically focused on the Non-Financial Risk Assessment and Controls (NFRAC) as well as Commodity Futures Trading Commission Swap Dealer (CFTC) compliance. The position will be within the Finance Risk & Assurance (FinRiA) team based in Glasgow.
Non-Financial Risk Assessment and Controls (NFRAC): The role holder will be responsible for the Global co-ordination of the Finance NFRAC working with the Operational Risk Division (ORD) and Finance Risk Leads, to deliver a systematic view of the division's operational risk and controls, enabling risk identification and remediation.
Commodity Futures Trading Commission Swap Dealer (CFTC) / SEC Security Based Swap Dealer (SBSD): The role holder will be responsible for coordinating various Finance sub-attestations to support the CEO certification of the annual report in meeting their prescribed responsibilities in accordance with the CFTC / SEC regimes.
Primary Responsibilities
> Be part of a sub team of 3 with line manager responsibilities
> Responsible for coordinating the Global Finance NFRAC ensuring completion to Firm deadlines
> Work with Functional Risk Leads to ensure that the risk profile is reflected in the NFRAC
> Report to Senior Management on changes in the risk profile and planned remediation
> Lead quarterly quality assurance reviews of Finance NFRAC
> Represent Finance at the NFRAC strategic calls and working groups
> Liaise with Operational Risk Division Coverage Officers, and Finance Senior Management on a regular basis to provide NFRAC status updates
> Co-ordinate the Finance Controls Working Group on enhancing the Finance CILA population, including implementation of a quality assurance process for control information.
> Work with Regulatory Controllers, Policy team, Senior Controllers and Compliance, to provide Finance certification for SEC Security Based Swap Dealer (SBSD) and Commodities Futures Trading Commission (CFTC)
> Play an active role in the FinRiA team, understanding and sharing risk and control knowledge that may impact other risk programs. Skills required
> Strong functional knowledge of operational risk, regulatory reporting awareness.
> Institutional knowledge, preferably within the Financial Services sector
> Organised and disciplined approach with ability to deliver in a high-paced environment and use multi-tasking to your advantage
> Ability to communicate, collaborate and manage relationships with multiple stakeholders of varying seniority across Finance and other divisions
> Critical thinking to challenge processes, solve for ad hoc queries and creativity to suggest alternative approaches
> initiatives forward
> Strong presentation skills
> Ability to manage diverse teams
> High proficiency in MS Excel and PowerPoint
> Bachelor's degree
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.
To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.
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.
Seniority level
* Seniority level
Executive
Employment type
* Employment type
Full-time
Job function
* Job function
Finance and Sales
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