AdresseAssociate Risk Chief Operating Office (COO)
Job Number:
3229122
POSTING DATE: Jan 10, 2023
PRIMARY LOCATION: Europe, Middle East, Africa-Germany-Germany-Frankfurt
EDUCATION LEVEL: Bachelor's Degree
JOB: Risk COO
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Associate
DESCRIPTION
ASSOCIATE RISK DIVISION’S CHIEF OPERATING OFFICE (COO)
Background on the Position
Morgan Stanley is seeking an Associate to join the Risk Division’s Chief Operating Office (COO) in Frankfurt. The role holder will report to the Head of Risk Governance and COO for Morgan Stanley Europe and will be responsible for providing oversight of the Division’s outsourcing and other COO tasks.
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?
- Providing advice on regulatory expectations and best practice
- Coordinating completion of Risk Assessments, outsourcing agreements and updates to the outsourcing inventory and perform quality assurance on all documentation periodically
- Central point of contact in FRM for the Central Outsourcing Office, Audit and regulatory queries on outsourcing related topics
- Ensuring the service owners in FRM meet internal and external outsourcing related obligations
- Maintenance of related policies and procedures
Oversight of the implementation of the outsourcing framework in FRM, including
Support the co-ordination of external disclosures for FRM, e.g. the Risk Report (Risikobericht) and Annual Financial Statements
Responsible for other Risk COO related tasks, including, co-ordination of ad-hoc projects and presentations for senior management, internal/external audit liaison, Business Continuity Planning, onboarding of new joiners, space planning, system entitlements reviews
Support the Risk Governance team on ad-hoc tasks, such as tracking of regulatory submissions, findings and commitments; preparation of regulatory on-site visits / workshops and information requests; compiling & reviewing submission materials
QUALIFICATIONS
What we’re looking for:
Bachelors degree or equivalent
German language skills (preferred)
Experience in financial services; prior experience in areas relating to Outsourcing or Chief Operating Office (preferred)
Confidence to take ideas forward and to challenge others, where appropriate, with experience in management by influence, facilitating and gaining consensus
The ability to effectively communicate with a wide range of stakeholders, both written and verbally
An interest in working in a fast-paced environment, often balancing multiple high priority deliverables
Strong attention to detail and ability to provide information in usable formats (proficiency in Microsoft PowerPoint, Excel and Word)
The ability to work independently in a self-directed way in a collaborative, team-oriented environment
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.
