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Third Party Risk Management – Director
| Company | Morgan Stanley |
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| Location | Baltimore, MD, USA |
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| Salary | $75000 – $120000 |
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| Type | Full-Time |
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| Degrees | Bachelor’s |
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| Experience Level | Senior |
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Requirements
- At least 5 years in third party management or equivalent experience
- Experience in Global Banking or Financial Services organizations, preferably in roles relating to Internal control and risk management
- At least 5 years in Compliance Testing Experience
- Strong risk management and 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 multi jurisdictional regulatory requirements for managing Third Party and outsourcing risk in Financial Services organizations
- Experience in developing and maintaining process and procedural documentation
- Bachelor’s degree or equivalent combination of training and experience
- Strong proficiency in Microsoft PowerPoint and Word
- Ability to work in a global team environment, building and maintaining a network of contacts and coordinating with a large number of stakeholders
Responsibilities
- 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
- Monitor and assess Business Units’ adherence to policies, standards, and procedures
- Review proposed new, and changes to existing, services, and partner with Business Units to ensure required procedures are followed standards are met
- 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
- 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
- Provide support to the TPPM teams response to any upcoming changes and challenges in the global regulatory landscape
- Identifying and evaluating key risks and contribute to establishing test scope for Third Party services
- Leading walkthrough meetings and discussions with the purpose of developing test scope and identifying control issues within Third Party Service onboarding
- Provide Service Owner Training to Business units on the Third Party Program
- Monitor and reporting on program metrics that measure against agreed upon SLAs, including monthly scorecards and performing trend analysis
Preferred Qualifications
No preferred qualifications provided.
