Technology Risk Manager - VP
Company: Morgan Stanley
Location: New York
Posted on: March 10, 2025
Job Description:
Company ProfileAt Morgan Stanley, we advise, originate trade,
manage, and distribute capital for governments, institutions, and
individuals, and always do so with a standard of excellence. We are
a leading global financial services firm that conducts its business
through three principal business segments: Institutional
Securities, Wealth Management (WM), and Investment Management. The
Firm's employees serve clients worldwide from more than 1,200
offices in 43 countries.Our WM business is one of the largest in
the world with more than $2 trillion in client assets, $73 billion
in lending balances, and nearly 16,000 Financial Advisors in 600+
offices across the U.S. Our Financial Advisors focus on delivering
timely, customized solutions and services that help clients meet
their financial and life goals. Our offering includes brokerage and
investment advisory services, financial and wealth planning, access
to credit and lending, cash management, annuities and insurance,
and retirement 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. 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 ProfileWealth Management Product Technology
(WMPT) is a dynamic and fast-paced area within the Firm's WM
Technology Division. We are responsible for creating innovative
technology solutions for the Private Banking Group (PBG), one of
the strategic growth areas of the Firm, providing cash management
and lending products and services to our WM clients. This includes
state-of-the-art technology for a nationwide network of Private
Bankers and product specialists who work with Financial Advisors to
provide access to products and services such as online banking,
cards, deposit products, residential mortgages, securities-based
loans and tailored lending. If you are an exceptional individual
who is interested in solving complex problems and building
sophisticated solutions in a dynamic team environment, WMPT is the
place for you.Position DescriptionThe position is for a Technology
Risk Manager, focusing on support for Morgan Stanley's two U.S.
Banks: Morgan Stanley Bank, National Association (MSBNA) and Morgan
Stanley Private Bank, National Association (MSPBNA). These banks
are independent national banks and wholly owned subsidiaries of
Morgan Stanley. Because of their national bank charters and ability
to attract stable insured deposits, the Banks represent valuable
franchise-enhancing strategic assets to the Firm.The U.S. Banks
Tech Risk & Governance team is responsible for supporting Bank
business and growth by managing the provision of technology within
a regulatory-compliant, risk-managed framework in a cost-effective
manner. The team is seeking an experienced Technology Risk Manager
to provide ongoing support and management of regulatory matters as
relevant to the Banks' technology risk landscape.Job
Functions/Duties and Responsibilities:
- As US Banks IT Risk Manager, support US Banks and its Business
Units (BU) by providing governance and oversight of the technology
services provided by the Firm.
- Ensure that services are:
- within a regulatory compliance
- according to established risk-management frameworks
- in a cost-effective and efficient manner
- Contribute to the execution of US Bank the risk management
initiatives such as Operation Risk Enhancement Program (OREP)
- Contribute to the execution of Firm Technology the risk
management initiatives such as Control Enhancement Program,
Technology Risk Reduction Program (TRP)
- Contribute to key regulatory and risk initiatives such as MRA
remediation.
- Track Bank-impacting technology risks and influence the
prioritization of remediation activities.
- Quarterly Risk Self-Assessment (RSA) Guidance - provide
overview of the Banks' / BU Technology risk landscape incl. the
reporting on remediation activities.
- Execute controls assessment and manage / govern the Risk &
Control Self-Assessment (RCSA) activities; Ensure that technology
risks are appropriately included in the US Banks / Bank BU
RCSA
- Oversight of the Incident Management risk assessment &
reporting process
- Control Governance - ensure that Control Governance activities
are conducted in accordance with ORD's Framework.
- For areas of focus (Incident and Problem Management (IPM),
Technology Risk Management (TRM) & Service Level Management (SLM)
contribute to metrics and other reporting on risk exposures and
remediation activity.Skills Required:
- 8+ years of experience in a similar role in a large bank, with
practical knowledge of bank regulatory oversight
- Sound understanding of risk assessment methodologies and
industry technology risk management frameworks. Knowledge of
related laws and regulations including OCC Heightened Standards for
Large Banks, 12 CFR 30 Safety and Soundness Standards.
- High level of attention to detail
- Strong analytical skills with competence to solve problems
independently and drive tasks to completion.
- Strong communication skills with the ability to summarize
complex information clearly for technical and non-technical
audiences.
- Show an appropriate level of judgment and maturity.Skills
Desired:
- Prior experience working in a large bank
- Strong project management skills
- Industry certifications are a plusEducation:
- Minimum bachelor's degree
- CRISK, CISA, CISM, CISSP certifications a plusWHAT 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 85 years. At our foundation are
five core values - putting clients first, doing the right thing,
leading with exceptional ideas, committing to diversity and
inclusion, and giving back - that guide our more than 80,000
employees in 1,200 offices across 42 countries.At Morgan Stanley,
you'll find trusted colleagues, committed mentors and a culture
that values diverse perspectives, individual intellect and
cross-collaboration. We Firm is differentiated by the caliber of
our diverse team. While our company culture and commitment to
inclusion define our legacy and shape our future, helping to
strengthen our business and bring value to clients around the
world.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.We're committed to bringing passion and customer focus
to the business.Expected base pay rates for the role will be
between $160,000 and $210,000 per year at the commencement of
employment. However, base pay if hired will be determined on an
individualized basis and is only part of the total compensation
package, which, depending on the position, may also include
commission earnings, incentive compensation, discretionary bonuses,
other short and long-term incentive packages, and other Morgan
Stanley sponsored benefit programs.Morgan Stanley's goal is to
build and maintain a workforce that is diverse in experience and
background but uniform in reflecting our standards of integrity and
excellence. Consequently, our recruiting efforts reflect our desire
to attract and retain the best and brightest from all talent pools.
We want to be the first choice for prospective employees.It is the
policy of the Firm to ensure equal employment opportunity without
discrimination or harassment on the basis of race, color, religion,
creed, age, sex, sex stereotype, gender, gender identity or
expression, transgender, sexual orientation, national origin,
citizenship, disability, marital and civil partnership/union
status, pregnancy, veteran or military service status, genetic
information, or any other characteristic protected by law.Morgan
Stanley is an equal opportunity employer committed to diversifying
its workforce (M/F/Disability/Vet).
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Keywords: Morgan Stanley, New York , Technology Risk Manager - VP, Executive , New York, New York
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