Vice President Deposits and Cash Management Business Control Unit
Vice President Deposits and Cash Management Business Control Unit
Morgan Stanley
New York, NY
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Morgan Stanley (“MS”) is a global financial services firm that conducts its business through three principal business segments—Institutional Securities Group (“ISG”), Global Wealth Management via Wealth Management (“WM”), and Asset Management. WM’s network includes approximately 15,000 Financial Advisors with total client assets of over $1.5 trillion. WM provides comprehensive financial advice and services to its clients including brokerage, investment advisory, financial and wealth planning, credit and lending, deposits and cash management, annuities, insurance, retirement and trust services.
The U.S. Banks- Morgan Stanley Private Bank, National Association (“MSPBNA”) and Morgan Stanley Bank, N.A. (“MSBNA”) provide cash management and lending products and services to serve the needs of WM & ISG clients. The U.S. Banks seek a Vice President (“VP”) to join the Deposits and Cash Management Business Control Unit team. The VP will report into the Head of the Deposits and Cash Mgmt BCU. He or she will support the operational risk program for banking products and services.
Key Responsibilities
Deposits and Cash Management Business Control Unit:
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 (M/F/Disability/Vet)
Posting Date
May 31, 2024
Primary Location
Americas-United States of America-New York-New York
Education Level
Bachelor's Degree
Job
Wealth Management
Employment Type
Full Time
Job Level
Vice President
The U.S. Banks- Morgan Stanley Private Bank, National Association (“MSPBNA”) and Morgan Stanley Bank, N.A. (“MSBNA”) provide cash management and lending products and services to serve the needs of WM & ISG clients. The U.S. Banks seek a Vice President (“VP”) to join the Deposits and Cash Management Business Control Unit team. The VP will report into the Head of the Deposits and Cash Mgmt BCU. He or she will support the operational risk program for banking products and services.
- Note: This role will be onsite at the New York Plaza location.
Key Responsibilities
Deposits and Cash Management Business Control Unit:
- Execute the Deposits & Cash Management first line of defense (FLOD) oversight and monitoring program
- Identify measure, monitor and report emerging risks while executing oversight and monitoring of the Deposits and Cash Management program
- Collaborate with stakeholders to confirm comprehensive and consistent practices are followed to allow for a successful oversight program that proactively manages risk
- Manage the identification and assessment of risks and controls related to the Deposits and Cash Management business
- Attend assigned management meetings to monitor products and services operational risk
- Confirm thorough action plans are created to mitigate risk identified within products and services with owners and due dates in internal tracking systems
- Confirm effective management metrics/MIS are in place to adequately identified risk to manage across products and services
- Prepare corporate governance risk reporting/MIS for area of responsibility
- Track deliverables to ensure deadlines are met
- Implement written procedures for area of responsibility to ensure consistency and compliance with regulatory and Bank expectations
- Comply with Firm and Bank policies and procedures
- Manage, coach and support direct report(s) if applicable
- Participate in Bank and Firm events
- Additional duties as assigned
- Limited travel may be required
- Minimum 6-8 years of professional experience in financial services industry; preferably in risk management, finance, compliance, or audit.
- Bachelor’s Degree in Finance, Accounting, Economics (Preferred)
- Banking experience (Preferred)
- Ability to work in a fast-paced, high-demand environment, both independently and as part of a team, under tight deadlines and with the ability to manage multiple priorities concurrently, efficiently and effectively.
- Attention to detail, strong analytical, quantitative, and investigative problem-solving abilities
- Strong interpersonal, verbal, and written communication skills; capable of clear and concise writing, making presentations to an internal audience, and interacting positively with upper management, colleagues and clients.
- Strong project management and reporting skills.
- Proficient with Microsoft Office products.
- Expanded legislation requires that roles that sit in other state locations, but report to a manager in NY, must have the above language included in postings with the pay scale reflective appropriately to the location where the role will be sitting.
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 (M/F/Disability/Vet)
Posting Date
May 31, 2024
Primary Location
Americas-United States of America-New York-New York
Education Level
Bachelor's Degree
Job
Wealth Management
Employment Type
Full Time
Job Level
Vice President
-
Seniority level
Not Applicable -
Employment type
Full-time -
Job function
Finance and Analyst -
Industries
Financial Services, Investment Banking, and Investment Management
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