PRIMARY LOCATION: Europe, Middle East, Africa-United Kingdom-United Kingdom-London
About us:
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, and individuals from more than 1,200 offices in 43 countries.
As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethics. Morgan Stanley can provide a superior foundation for building a professional career — a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
About Third Party Program Management
The Third-Party Program Management (TPPM) group is a dedicated first line of defence function within Reengineering & Expense Management (REM) and the Finance division, established to more effectively manage risks associated with Morgan Stanley's use of internal and external Third Parties to provide goods and services. TPPM is part of REM alongside Accounts Payable and Firm wide Sourcing.
TPPM's key objectives:
Enable a firm wide Third-Party Risk Management (TPRM) program based in first line of defence
Implement a firm wide TPRM strategy, processes, and tools
Execute due diligence and ongoing monitoring
Implement clear, consistent information and reporting to identify, measure, monitor and manage firm-wide risks
Maintain compliance with regulatory requirements
About the Role:
Role: Vice President, TPPM EMEA Regional Coverage
Location: London, UK
Reports to: Executive Director, TPPM EMEA Regional Lead
Scope: Third Party Risk Management
Primary Responsibilities:
The role will be responsible for leading the EMEA TPPM’s Risk and Reporting team to facilitate identification and management of Third-Party risks in accordance with the Firm’s TPRM Framework in the region. The job holder will lead a small regional team to support Morgan Stanley’s Business Units to manage Third Party risks and maintain Third Party arrangements in compliance with the Firm’s internal policies, external rules, and relevant regulations on all aspects of Third Party and outsourcing risk management.
Specific responsibilities include:
Support Morgan Stanley’s Business Units in identifying and managing Third Party risks in accordance with the Firm’s TPRM framework, coordinating with other functional and regional TPPM teams as required
Develop and maintain regional Third-Party risk management procedures in adherence with regulations, policies, and standards
Monitor and assess Business Units’ adherence to policies, standards, and procedures
Identify and escalate risks and issues for resolution, escalating to the Regional and Global Head as appropriate, and work with the Businesses and Support Functions to investigate, manage and mitigate
Design and produce risk reporting for senior management and governance committees
Design and implement enhancements to the Third-Party risk management framework to address new requirements, identified improvements and thematic issues
Track, investigate and report on Third Party incidents and events which impact or pose a risk to Morgan Stanley, coordinating with global TPPM teams and impacted Business Units
Review proposed new, and changes to existing, outsourced services and partner with Business Units to ensure required procedures are followed standards are met
Contribute to a strong leadership presence in the region by establishing, prioritising and coordinating Third Party related projects; driving continuous improvements to the controls and efficiency of processes; and supporting Third Party risk and outsourcing related dialogue and reporting to regulators
Oversee the EMEA TPPM Risk and Reporting team, reviewing achievements against defined metrics to assess effectiveness of the organization
Qualifications / Skills Required:
The successful candidate will have a minimum of 10+ years’ experience in areas related to internal control and risk management, including Third Party and outsourcing risk. Strong organization skills with the ability to multitask and prioritize; ability to work under pressure and to tight deadlines
More specifically, skills ought to include:
Experience in Global Banking or Financial Services organizations, preferably in roles relating to Internal control and risk management
High level of proficiency in Microsoft Excel, proven ability to work with large volumes of data
Strong analytical capabilities along with the ability to translate data analysis into actions and results for Senior Management
Excellent English writing skills with ability to flex messaging to audience is required
Strong project management skills, including ability to coordinate with cross-functional teams across the globe with varied backgrounds and skills
Excellent communication and presentation skills and proven ability to effectively interact with team members, Business Units, and peers, earning their trust and establishing credibility
Strong understanding of regulatory requirements for managing Third Party and outsourcing risk in Financial Services organizations is a must
Experience in developing and maintaining process and procedural documentation is a must
Bachelor’s degree or equivalent combination of training and experience
Strong proficiency in Microsoft PowerPoint and Word is a must
Ability to work in a global team environment, building and maintaining a network of contacts and coordinating with a large number of stakeholders