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Vice President, Operational Risk - Institutional Equities & Fixed Income

Location
Hong Kong
Job Type
Permanent
Posted
18 Sep 2022

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 employees of Morgan Stanley serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.

The talent and passion of our people is critical to our continued success as a firm. Together, we share four core values rooted in integrity, excellence and strong team ethic:

1. Putting Clients First
2. Doing the Right Thing
3. Leading with Exceptional Ideas
4. Giving Back

Morgan Stanley is committed to helping its employees build meaningful careers and we strive to be a place for people to learn, achieve and grow.

Firm Risk Management

Firm Risk Management (FRM) enables 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.

Our mission is to serve as the follow roles:

1. Independent agent to set consistent principles and disciplines for risk management;
2. Strategic advisor to Firm management for setting risk appetite and allocating capital;
3. Industry leader to influence and meet regulatory standards.

You will collaborate with colleagues across FRM and the Firm to protect the capital of Morgan Stanley base and franchise, advise businesses and clients on risk mitigating strategies, develop tools and methodologies to analyze and monitor risk, contribute to key regulatory initiatives and report on risk exposures and metrics to enable informed and strategic decision-making. Through thoughtful analysis and clear communication we are best able to bring our ideas to the table and improve the Firm.
Firm Risk Management values diversity and is committed to providing a supportive and inclusive workplace for all employees.

Background on the Position
The role will reside within the Firm Risk Management Operational Risk Department. Operational Risk refers to the risk of financial or other loss, or potential damage to reputation of Morgan Stanley, 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) impacting the full scope of its business activities, including revenue-generating activities and infrastructure groups.

Given the nature and breadth of operational risk, operational risks are managed at multiple levels e.g. Firmwide, as well as Regional, Business Unit, Infrastructure Group, Control Function and Legal Entity.

The Firm has developed a robust Operational Risk Management Framework designed to identify and assess significant operational risks and ensure appropriate mitigation actions are undertaken. The Framework is deployed across Business Units, Infrastructure Groups and Control Functions globally, regardless of Region or Legal Entity. The Framework is based upon a Three Lines of Defence model within which ORD operates as part of the Second Line of Defence, providing independent oversight and challenge to the management of operational risk across the Firm.

We are looking to attract a senior recruit to the Asia Operational Risk Coverage team, with coverage responsibilities for Institutional Equities and Fixed Income departments. The role will be based in Hong Kong or Singapore, reporting to the Head of Asia Operational Risk.

Primary Responsibilities
The Asia Operational Risk Coverage team is responsible for working with business and infrastructure units to identify, analyse, assess and challenge operational risk associated with the processes and controls relevant to each area. Coverage Officers are responsible for driving the effectiveness and embeddedness of the Operational Risk Framework within Business Units of
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Details

  • Job Reference: 715302171-2
  • Date Posted: 18 September 2022
  • Recruiter: Morgan Stanley
  • Location: Hong Kong
  • Salary: On Application
  • Sector: Banking & Financial Services
  • Job Type: Permanent