Operational Risk (Risk Management) - Vice President, PWM
Morgan Stanley
Hong Kong, Hong Kong

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 five 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. Commit to Diversity and Inclusion

5. 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 Operational Risk Department. Operational Risk refers to the risk of financial or other loss, or potential damage to a firm?

    s reputation, 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 Wealth Management.

    The role will be based in Hong Kong, 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 the Firm?

    s Business Units, Infrastructure Groups and Control Functions.

    Specific responsibilities include :

  • Enhance / build solid client relationships with key stakeholders relevant to designated coverage responsibilities;
  • Develop in-depth understanding of the business and operational risks within designated coverage areas;
  • Assist the divisions in highlighting their Key Operational Risks and management of risk levels against designated risk tolerance limits at a divisional and Firm level;
  • Carry out deep dives into material operational risk events (internal and external) and analyses of thematic and emerging operational risks;
  • Assist in the enhancement of the Operational Risk programme and embedding of the framework and standards;
  • Assist in reporting to Boards and Committees.
  • Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential.


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