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Risk Governance, Associate VP

Frankfurt, Germany | Morgan Stanley

  • Industry:
    Financial Services
  • Position Type:
  • Functions:
    General Management
    Risk Management
  • Experience:
    5-7 years
Job Description:
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DESCRIPTION


Company Profile


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.Morgan Stanley 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.


Department Profile


The cornerstone of Morgan Stanley's risk management philosophy is the execution of risk-adjusted returns through prudent risk-taking that protects Morgan Stanley's capital base, liquidity and franchise. 


The EMEA Risk Management Division is responsible for the independent identification, analysis, reporting and escalation of risks including market, credit and operational risk, arising from the Firms business activities, acting independently of business management and providing an effective challenge process. The Risk Management Division has dedicated cross-functional teams covering Risk Governance, Risk Reporting, as well as coverage teams for risk types. The Risk Governance function was created in light of the increased focus on demonstrating the effectiveness of control frameworks across risk management with the principal objective to ensure risk governance and oversight is in line with local regulation and best practice and help to ensure a consistent approach in dealing with regulators. 


Primary Responsibilities


Morgan Stanley is seeking an Associate or Vice President with previous regulatory compliance experience for risk management to join the Risk Governance team in the Risk Division in Frankfurt. The role holder will have responsibility for ensuring regulatory compliance across the Risk Management function in the legal entity, with particular focus on Regulatory Engagement and Governance Framework. Primary responsibilities include:


• Regulatory related responsibilities:


oSupport the Risk Division in its engagement with national regulators and the ECB, including, but not limited to, preparation of on-site visits / workshops and information requests, compiling and reviewing of materials

oMonitor the regulatory landscape for new regulations / guidance papers or letters to banks issued by the ECB; Provide technical expertise on regulatory expectations from European regulators, particularly related to advanced capital models; 

oAssist with understanding and interpreting regulatory rules and co-ordinating gap analyses of these to support the Risk Division in ensuring regulatory compliance


• Governance & COO related responsibilities:


oReview closure evidence related to Internal and External Audit and regulatory findings

oMaintain the governance framework for the legal entity’s Risk Management function, advising on regulatory governance expectations and best practice for Risk Management

oDocument and review policies, standards, procedures and guidelines for global consistency and meeting local regulations


• Project Management / Oversight responsibilities:


oDeveloping project plans and track delivery against the plans; managing internal and external dependencies across initiatives and engaging senior stakeholders to provide updates on project status, including escalations, where necessary


oTrack regulatory submissions, findings and commitments; Ensure timely delivery and appropriate governance of all submissions


More broadly, the role holder will assist the Head of the Risk Governance & COO team in their broader responsibilities, including contributing to regional or global Risk Division initiatives, projects, and home or host regulatory requests.


QUALIFICATIONS


Skills required:


• Bachelor’s degree or equivalent, ideally in Finance, Economics or similar; 

• Proven financial sector experience (minimum 5-7 years) in Risk Management or Consulting / Audit roles and a solid knowledge of risk regulation with the ability to interpret and articulate regulatory rules and requirements

• Experience in working on regulatory implementation projects (e.g. regulatory applications for internal model approvals)

• Experience in dealing with financial regulators / regulatory issues (in particular, BaFin, Bundesbank, ECB).

• Confidence to take ideas forward and to challenge others, where appropriate, with experience in management by influence, facilitating and gaining consensus

• Strong organization skills with the ability to multitask and prioritise; ability to work under pressure and to tight deadlines

• Excel in managing relationships across both the business and other control groups with a proven track record in influence and facilitation to achieve results

• Excellent presentation skills; ability to distil technical information to produce concise and effective presentations

• Excellent communication skills in English, both verbal and written

• German language skills are desired, not essential

• A highly motivated, energetic and proactive individual who takes ownership of his/her tasks and projects


Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise 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.


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. .


Given the continued spread of COVID-19 (coronavirus), all interviews will be conducted by phone or virtual connection to protect our candidates and employees.


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