The Wealth Management (WM) Chief Data Office (CDO) sits within the WM Risk organization and strives to find the right balance between risk management and business enablement. WM CDO’s mission is to: prevent unauthorized access to or misuse of client sensitive data and assets; abide by relevant privacy laws and regulations; effectively retain, retrieve, and protect information and records; and mitigate risks caused by inaccurate, untimely, or incomplete WM data.

The Vendor Risk Team within WM CDO works to ensure third-party relationships supporting WM are subject to appropriate risk management oversight. The team is seeking an Associate to support its efforts to ensure that vendor-related risks are inventoried, measured, and mitigated to the extent possible.

Key responsibilities include supporting day-to-day risk management tasks such as:

• Facilitating the onboarding and due diligence process for new WM third-party relationships
• Reviewing and following up on the results of risk assessments conducted by due diligence and control groups, escalating issues for remediation/resolution within Service-Level Agreements (SLAs)
• Supporting WM third-party relationship managers with end-to-end lifecycle management
• Helping manage time-sensitive vendor-related incidents (e.g., data breaches), including tracking action items, preparing summaries for management, and coordinating post-incident “lessons learned” activities
• Developing and maintaining WM Vendor Risk desktop procedures and processes and creating and updating knowledge-sharing documentation
• Assisting with recurring and ad hoc reporting of Key Performance Indicators (KPIs) and Key Risk Indicators (KRIs)
• Assisting with the development of presentations for senior management and key stakeholders

This Associate will also collaborate with Subject Matter Experts (SMEs) across WM and Morgan Stanley to coordinate and manage strategic initiatives, such as:

• Liaising with Operations and Technology counterparts to be sure that any third-party services directly supporting the WM business meet WM third-party risk management standards

• Overseeing resilience-related requirements for critical WM third-party service providers (e.g., contingency and exit plans and associated testing)

• Representing the WM perspective in enterprise-wide discussions about tooling related to third-party risk management, ensuring that WM requirements are clearly conveyed and implemented in line with expectations

• Tracking the destruction or return of WM data shared with third-party service providers once any stipulated retention requirements have been met

• Producing quarterly/biannual reporting to WM business areas on the nature of their third-party risk footprint along with strategic recommendations to consolidate vendor relationships or enhance supplier oversight activities

• Assessing emerging third-party risks and industry trends and advising the WM business on how risk management processes should adjust or scale to account for new risks

Qualifications:

• Bachelor's degree
• 3-5 years of relevant risk management experience
• Excellent communication skills (verbal and written)
• Attention to detail, strong analytical, quantitative, and investigative problem-solving abilities
• Strong organization and time-management skills, with the ability to swiftly transition between projects and tasks
• Ability to work independently, be self-motivated, and possess a strong sense of accountability/ownership
• Excellent MS Office skills (Excel, PowerPoint, Word)
• Ability to contribute to and collaborate with a global team

Preferred Qualifications:

• Knowledge of the financial services industry; preferably in wealth management, finance, operations, or technology
• Prior experience with third-party relationship management
• Experience with content and project management tools, including ProcessUnity, Jira, and ServiceNow
• Familiarity with visualization tools (e.g., Tableau, Dataiku)

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.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices​ into your browser.

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 (M/F/Disability/Vet).