US Banks Business Control Unit Officer Dedicated Business Risk Coverage - Payments AVP

Assistant Vice President (AVP) U.S. Banks Business Control Unit Officer

Morgan Stanley is a global financial services firm that maintains significant market positions in each of its business segmentsInstitutional Securities, Wealth Management, and Investment Management. Morgan Stanley, through its subsidiaries and affiliates, provides a wide variety of products and services to a large and diversified group of clients and customers, including corporations, governments, financial institutions, and individuals.

The U.S. Bank Subsidiaries seek an Assistant Vice President (AVP) to join the First Line Business Risk team to provide risk oversight for the U.S. Banks Payments Risk. He or she will be responsible for aiding in the build out of a Dedicated Business Risk Coverage team which is responsible for establishing risk management coverage model of working with the various key stakeholders within embedded risk teams ensuring continuous and consistent monitoring and escalation of the various risk frameworks (e.g. Issues / Action Plans, Operational Risk Incidents, Metrics, Reporting, Risk Assessments). The individual will work with management, the US Bank Businesses and Risk partners to aid in the execution of key initiatives and projects while ensure compliance with U.S. Banks risk management policies and procedures.

The AVP U.S. Banks Business Control Unit Officer will be responsible for the following :

• Ensure the Business Risk Payments Program identifies, measures, monitors, controls, and reports current and emerging risks, maintaining a robust control environment in line with regulatory requirements.
• Implement effective risk management practices that support the Banks' Operational Risk frameworks for Payments, including conducting Risk and Control Assessments (RCSA) and managing operational risk incidents and issues.
• Collaborate with stakeholders and all three lines of defense to confirm comprehensive and consistent practices for successful oversight and proactive management of Payment Risk.
• Support both internal and external examinations related to payments activities by reviewing documentation and participating in meetings, walkthroughs, and issue identification.
• Assist in building and managing the US Banks Payments Risk Framework, and represent the Bank for firmwide alignment of Payment Frameworks.
• Attend and actively participate in relevant management meetings and committees to provide risk insights and support decision-making for Payment oversight.
• Support the Bank's execution of key payment-related projects and initiatives, focusing on process, risk, and control identification, remediation, and operational readiness.
• Identify, log, and track operational risk incidents and issues from daily operations, risk assessments, audits, and independent testing, ensuring timely remediation.
• Develop and monitor action plans to address and mitigate operational risks, ensuring completion of remediation activities and documentation before closure.
• Conduct and support risk and control assessments, including RCSA, Laws, Rules & Regulations (LRR), and End User Computing (EUC) tools, aligning with the Bank's Operational Risk Framework.

Qualifications :

Required 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 $85,000 and $140,000 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.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce.