NFR RA and Controls Governance Associate

Non-Financial Risk Assessment (NFRA) / Risk And Control Self-Assessment (RCSA) Team Member

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management, and wealth management services.

The Non-Financial Risk Assessment (NFRA) / Risk and Control Self-Assessment (RCSA) team is responsible for designing, implementing, and maintaining the Firm's framework for identifying, assessing, and managing non-financial risks. We ensure robust controls are in place to mitigate risks and protect the firm's reputation and clients. The team partners closely with business units, technology, and risk functions to drive a culture of risk awareness and continuous improvement.

The team monitors compliance with minimum standards, provides guidance, training, and support throughout the execution process. In addition, the team coordinates completion of the independent risk management review and challenge process. To perform this role successfully, a high level of interaction is required with business areas at all levels of the organization, and internally across Operational, Compliance, and Financial Crimes risk.

What you'll do in the role :

• Lead and Support Controls Initiatives : Facilitate the execution of the firm's NFRA and Controls Governance program, working with business and infrastructure teams to ensure controls are effectively designed, implemented, and maintained.
• Risk Identification and Assessment : Collaborate with stakeholders to identify, assess, and document non-financial risks, ensuring that risk exposures are understood and appropriately managed.
• Quality Assurance and Issue Resolution : Conduct and support independent quality assurance reviews of risk assessments and controls, escalating issues as needed and partnering with stakeholders to drive timely remediation.
• Data Analysis and Reporting : Analyze risk and control data to identify trends, emerging risks, and control gaps. Prepare insightful reports and presentations for senior management and governance forums.
• Policy and Framework Enhancement : Contribute to the ongoing development and enhancement of NFRA and Control Governance policies, procedures, and training materials.
• Cross-Functional Collaboration : Work closely with Operational Risk, Compliance, Financial Crimes, and other NFR teams to ensure alignment and successful delivery of risk and control programs.
• Continuous Improvement : Identify opportunities to strengthen the risk and control environment, leveraging data analytics, process improvements, and industry best practices.

What you'll bring to the role :

What 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 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities, and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. 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. There's also ample opportunity to move about the business for those who show passion and grit in their work.

Expected base pay rates for the role will be between $80,000 and $115,000 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.

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, 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).