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U.S. Banks 1LOD Business Risk Regulatory Oversight – AVP
| Company | Morgan Stanley |
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| Location | New York, NY, USA |
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| Salary | $85000 – $135000 |
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| Type | Full-Time |
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| Degrees | Bachelor’s |
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| Experience Level | Senior |
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Requirements
- 5 – 8 years of related experience in the financial services industry
- Experience in risk management (identifying, measuring, monitoring, and controlling risks)
- Experience with risk oversight & governance including risk management systems
- Experience with regulatory finding remediation and issue management
- Experience interacting with a U.S. Prudential Regulator / managing regulatory requests a plus
- Bachelor’s Degree in a related field. Advanced Degree a plus
- Risk Certifications a plus
Responsibilities
- Provide regulatory exam support and guidance to management in preparation for regulatory examinations, reviews, and continuous monitoring activities
- Partner with Regulatory Relations and management to coordinate the exam process for the Banks, complementing the Regulatory Relations program without duplication
- Collaborate with stakeholders to confirm comprehensive and consistent practices are followed to allow for successful execution of exams
- Ensure First Day Letter and follow up requests are responded to in a complete and timely manner by management
- Prepare and deliver weekly and monthly reporting to bank management regarding support and preparation for and progress during exams
- Help coordinate ad hoc regulatory requests, as needed
- Support special projects and initiatives, as assigned
- Confirm that comprehensive issues and action plans are created to mitigate risk identified with owners and that due dates are achievable
- Monitor and support, as needed, remediation activity to confirm that action plans are timely completed, mitigate the risk, and meet the spirit and letter of regulatory expectations
- Work with 1LOD management to address issues raised from 2LOD/3LOD review and/or challenge of remediation
- May support management in reviewing remediation deliverables and workpapers in support of remediation activities
Preferred Qualifications
- Self-starter who can thrive in a fast-paced environment, both independently and as part of a team
- Ability to communicate risk management best practices and regulatory expectations, both verbally and in written communication
- Strong risk and control mindset
- Ability to handle confidential information with appropriate discretion
- Proficient with Microsoft Office
