U.S. Banks Affiliate Risk Oversight Execution VP

Vice President (VP) In Affiliate Risk Oversight (ARO)

The Vice President (VP) in Affiliate Risk Oversight (ARO) serves as a key member of 1L Operational Risk within U.S. Banks Business Risk and is responsible for supporting the U.S. Banks' Internal Affiliate program.

This role is responsible for identifying, measuring, monitoring, controlling, and reporting operational risks, while enabling consistent execution of risk management practices across the Banks. The VP will work closely with business owners to ensure accountability for risks created within their respective lines. This role is vital for maintaining appropriate affiliate relationships and mitigating risk. The goal of this position is to strategically organize, lead and drive change to continue to educate and improve on the ARO structure and value. The program's framework includes the following areas of responsibility :

• Ensure key regulatory guidance and requirements are adhered to for U.S. Banks' Affiliate Task Orders
• Collaborate with stakeholders to facilitate the oversight the execution and performance of Bank Affiliate Task Ordersleading discussions with stakeholders in support of oversight of internal Affiliate lifecycle management, including agreement creation with appropriate process level descriptions, cost and service levels, periodic risk monitoring, and contract termination
• Complete ongoing affiliate SLA Criticality Assessments with stakeholders
• Provide oversight and training to ensure adherence to the Banks' Inter-Affiliate Management Policies and Procedures
• Prepare and present results of monitoring assessments, identified risks and remediation progress, and escalation of issues to senior bank management
• Support the execution of the First Line of Defense Oversight and monitoring programidentifying, measuring, and reporting emerging risks
• Drive Institutional risk related initiatives to ensure products are connected to firm-wide or Bank-wide programs, including being able to identify the need for technology and process changes within the products.
• Support execution across various Operational Risk frameworks in accordance with Firm and U.S. Bank requirements, including :
• Issue and incident management
• Risk and Control Self-Assessment (RCSA)
• Control validation
• Risk assessments and metrics
• Exam and audit support
• New product approval and product change management
• Collaborate with Risk partners (Legal, Compliance, Central Business Risk, 2nd Line Risk Groups) to resolve issues and obtain guidance.
• Perform and oversee tasks related to Risk Control Self Assessments (RCSA), including evaluating risks, impacts, and mitigating controls, engaging with business partners, and documenting results.
• Support U.S. Banks Institutional Businesses during internal and external audits, including document reviews and participation in exam meetings.
• Manage the production of management reporting materials and prepare for monthly risk meetings
• Perform data analysis and produce Excel reporting as needed.

Experience and Knowledge :

Skills :

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 $110,000 and $190,000 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.

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

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, sex stereotype, 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.