Vice President – Credit Risk Strategic Change Program Manage…

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Company: Morgan Stanley
Location: New York, NY

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Vice President – Credit Risk Strategic Change Program Manager

Job Number:

3143406

POSTING DATE: Dec 27, 2019
PRIMARY LOCATION: Americas-United States of America-New York-New York
EDUCATION LEVEL: Bachelor’s Degree
JOB: Credit Risk
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Vice President

DESCRIPTION

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.

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:
  • Putting Clients First
  • Doing the Right Thing
  • Leading with Exceptional Ideas
  • 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:
  • Independent agent to set consistent principles and disciplines for risk management
  • Strategic advisor to Firm management for setting risk appetite and allocating capital
  • Industry leader to influence and meet regulatory standards

You will collaborate with colleagues across FRM and the Firm to protect the Firm’s capital 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.
Firm Risk Management’s unique franchise promotes:
  • Flat, flexible and integrated global organization
  • Collaboration and teamwork
  • Credible, independent decision-making
  • Organizational influence
  • Creative and practical solutions
  • Meritocratic and diverse culture
Background on the Position
The role will reside within the Firm Risk Management’s Credit Risk Management team (“CRM”) with a focus on strategic technology and data initiatives, programs and projects. The primary responsibility of this role is to provide oversight and governance for the portfolio of technology initiatives delivering business value through strategic software design. The role will be based in NY reporting to the Executive Director, Global Head and Program (Fleet Enablement) Lead/Counterparty Credit Risk Data Lead.

Primary Responsibilities
The candidate will assist in the facilitation of the Credit Risk portfolio of strategic programs using Agile methodologies to provide transparency and reporting of the delivery of business results. In conjunction with the technology development Morgan Stanley is in the process of enhancing its Credit data framework with the objective to meet both Firm and global regulatory expectation.
  • Develop initiative status reporting for senior management briefing of achievements, performance versus defined KPIs, upcoming deliverables, key decisions required, obstacles, risks, and issues
  • Assisting leadership in ongoing governance activities, meetings (Agile ceremonies) and acting as a liaison and communication channel across the technology and data related portfolio of work
  • Assist the Program Lead to streamline the alignment between strategic level purpose and project level components as well as identifying Fleet synergies between programs to minimize delivery time and maximize adoption. This includes the process to adopt new projects, escalations and prioritization of the backlog of work
  • Work closely with the Product Owners and project teams (squads) to capture and drive out detailed status, interdependencies and escalations needed across the wider group
  • Work closely with the counterparty data leads and colleagues across the firm to drive out strategic change in data related processes, governance and monitoring as well as required capture of artifacts. This will also require becoming familiar with the data architecture of the firm and process flows to aid in remediation or development needed to meet regulatory standards

QUALIFICATIONS

Skills Required
  • Self-motivated risk management professional with an interest in delivering technological solutions to enable effective risk management
  • Significant experience in monitoring and communicating on portfolio of strategic initiatives in concert with key stakeholder management
  • Understanding of mechanisms to track and communicate program performance
  • Ability to identify, monitor and manage project risks, issues and dependencies, and aid in the development of appropriate responses
  • Good understanding of key credit risk concepts (e.g. traded products, lending products, risk/limit management).
  • Ability to understand data flows, architecture and data quality metrics and processes
  • Highly developed oral and written communication skills
  • SharePoint, Tableau and JIRA reporting experience
Skills Preferred
  • Experience with Agile practices
  • Knowledge and experience working with various technology projects and programs of work including regulatory
Experience
  • Required experience 7-10 years preferably in a credit risk role at a bank or consultancy
  • Bachelor’s degree required