ISG - FO Risks and Controls

ISG – FO Risks and Controls
Vice President
London

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. 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

ISG has created an ISG Data Group (IDG) to provide single point of accountability for the full spectrum of data related commercial initiatives. This ranges from the defensive risk reduction aspects of data security (both internal and external), through operational efficiency from improving data quality, to helping enhance revenue through further leveraging our data assets for providing services to our clients.

The ISG Divisional Data Office (DDO) is part of IDG and is responsible for the oversight and integrity of the data used for senior management, regulatory or client reporting, or used by internal controls. Using a risk-based prioritization methodology, the team is responsible for working with control groups to prioritize key data which may require improvements in the controls to ensure integrity of that data.

Position Description

Morgan Stanley is seeking a Vice President who will work with the rest of the Front Office Data team to review key front office processes and the associated control framework, identify any control gaps, and define remediation plans for these gaps. The ideal candidate would have a strong control mindset, good understanding of complex financial products and ideally would have worked in a control function like Risk Management, Audit, or a FO control unit.

This role is not suitable for candidates with heavy data architecture background, applications developers, or candidates with predominantly a project management background.

What will you be doing?

1. Assess prioritization of various data initiatives
2. Develop SME knowledge around key data governance processes and controls
3. Conduct control coverage assessment, identify any control gaps, and develop remediation plans.
4. Provide guidance & supervision to other team members.
5. Track progress of the initiatives against timelines, provide status report to Senior Management and highlight risks and dependencies to meeting planned deadlines.

What we’re looking for:

1. 10+ years of experience in the financial services industry.
2. Experience in people/team management.
3. Knowledge of financial products / asset classes / risk measures
4. Knowledge of the trade lifecycle & F2B data lineage/data flow experience
5. Strong risk and control mindset, background in an independent control function preferred.
6. Project Management – ability to scope, plan, and execute projects.
7. Ability to build & maintain credible relationships.

Primary Responsibilities:

1. Assess prioritization of various data initiatives
2. Develop SME knowledge around key data governance processes and controls.
3. Conduct control coverage assessment, identify any control gaps, and develop remediation plans.
4. Provide guidance & supervision to other team members.
5. Track progress of the initiatives against timelines, provide status report to Senior Management and highlight risks and dependencies to meeting planned deadlines.

Certified Persons Regulatory Requirements:

This role is deemed as a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.

Flexible work statement:

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.

Equal opportunities statement:

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.

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