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About the Role

The Business Control Unit (BCU) Associate will support the execution of consolidated risk and governance initiatives across the PBNA Lending businesses. This role is responsible for supporting a centralized first-line risk management framework, driving cross-product risk governance, regulatory initiatives, and operational risk management activities.

Responsibilities

Support the development, maintenance and continued enhancement of consolidated reporting for management, committees, and governance forums.
Prepare consolidated reporting on Issues, Incidents, metrics, and risk management activities.
Support in the development, review, and maintenance of procedures.
Prepare PowerPoint presentations and other materials for ad hoc status reporting and for monthly risk meetings.
Produce Excel reporting, perform data analysis, and support ongoing monitoring activities.
Manage recurring Lending BCU team meetings, driving content, awareness and key deliverables.
Perform tasks associated with Non-Financial Risk Assessment (NFRA), including the maintenance of a Risks and Controls inventory.
Ongoing assessment for consistency of risk and control profiles across Lending business units.
Documenting risks, impacts and mitigating controls within the Bank’s Risk Management systems.
Support business partners in the execution of the NFRA.
Support in responding to requests and remediation of findings/observations related to control testing.
Oversight of Lending BCU owned controls and maintenance of documentation evidence.
Support and assist the Lending BCU teams and management for risk management standards, issue and incident management, operational risk management activities, Business Continuity Management, and centralized quality review processes.
Creation, maintenance, and monthly reporting of metrics, including analysis and escalation of metrics performance.
Support coordination of internal audits, regulatory examinations, and related remediation activities.
Support New product and business change initiatives through identification of risks and controls.
Support various tasks associated with ensuring the Lending businesses comply with laws, rules and regulations.
Support cross-product risk and governance initiatives across the PBNA Lending businesses.
Create and maintain business process flows and related process documentation.
Support initiatives designed to promote consistent risk management practices, governance standards, and control execution.
Assist with centralized governance, reporting, and implementation of key requirements established under the U.S. Banks Risk Governance Framework.

Requirements

2-5 of professional experience in financial services industry; preferably in product management, process management, operational risk management or internal audit.
Experience with lending a plus.
Experience in Risk Management or Business Process Management or a related discipline.
Ability to learn and execute NFR-A, or similar operational risk management framework.
Experience in creating process flows, evaluating processes to identify risks, designing and evaluating mitigating controls.
College degree required.

Skills

Strong organizational and project management skills with the ability to manage multiple deliverables in a fast-paced environment while maintaining strong attention to detail.
Strong analytical and problem-solving skills with the ability to synthesize information, identify trends, and support risk-based decision making.
Excellent written and verbal communication skills, including the ability to clearly articulate key messages and prepare materials for management and governance forums.
Strong PowerPoint and presentation development skills, including the ability to create executive-ready reporting and governance materials.
Proficient with Microsoft Office products.
Ability to learn Governance, Risk and Controls (GRC) systems.
Ability to work independently and as part of a team under tight deadlines.
Ability to work in a matrixed organization, leveraging resources across the organization to complete deliverables.

Location

Purchase
New York City

Work Type

Full-time

Experience Level

Associate

Education Level

College degree required

Salary/Compensations

$58,000 - $115,000 per year

Benefits

Attractive and comprehensive employee benefits and perks in the industry.
Total compensation package may include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

About the Company

Morgan Stanley is a global financial services firm that conducts its business through three principal business segments—Institutional Securities, Wealth Management (WM), and Asset Management.
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.
Morgan Stanley Private Bank, National Association (“MSPBNA”) provides cash management and lending products and services to serve the needs of WM clients.
At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals.
Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - 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.
There’s also ample opportunity to move about the business for those who show passion and grit in their work.
To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.

Equal Opportunity

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background.
Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.
Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.
For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.