Deposits Cash Management BCU, US Banks, Director/AVP, Wealth Management

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 Wealth Management Institutional clients. The Deposit and Cash Management (DCM) business provides cash management capabilities to clients via deposit and payment products. These products include sweep deposits, savings, checking, CDs, and foreign currency deposits and payments - wires, checks, ACH, etc.

DCM seeks an Assistant Vice President (AVP) to join the DCM Business Control Unit team, supporting the operational risk program for the business. The operational risk program responsibilities include issues and incident management, risk and control assessments, internal/external examination management, metrics development and reporting, and risk review of new products or systems amongst others.

The Deposit and Cash Management BCU AVP will be responsible for the following:.

Key Responsibilities:-

Support the execution of the Deposits Cash Management first line of defense (FLOD) oversight and monitoring program

Assist with documentation of issues and operational risk incidents identified from daily operations, business risk assessments, independent risk testing or internal audit reviews

Confirm thorough action plans are created and documented to mitigate issues and risk incidents impacting the Deposit and Cash Management products and services

Monitor and track issues and action plan remediations are on schedule for closure. Collate and review and remediation artifacts to confirm completeness and adequacy prior to submission for closure

Support the execution and documentation of bank risk and control assessments including Risk and Control Self Assessments, Laws Rules, and Regulations, End User Computing (EUC) Tools, etc.

Coordinate with BU to gather and review documentation and artifacts in response to exam inquiry prior to submission

Support the development of effective management reports, metrics, and KRIs to identify and measure risk across Deposit and Cash Management products and services

Help prepare BCU risk reports and presentations for Management

Document written procedures to ensure consistency and compliance with regulatory and Bank expectations

Skill required:-

Bachelor's/Master's degree in in Accounting, Finance, Economics, or related field is preferred

5-8 years of professional experience in Banking or Financial Services product management, risk, compliance, or internal audit

Experience with process, risk, and control frameworks - e.g., COSO, Basel, etc. is a plus

Knowledge of data analysis tools and reporting platforms to analyze data to inform focus and views on risk is a plus

Demonstrated success working independently, meeting multiple deadlines with a track record of delivering high quality work

Ability to build and maintain professional relationships with key stakeholders/process owners

Experience in working with large data sets and knowledge of SQL, Tableau, PowerBi, VBA, etc. will be a plus Skills/Abilities

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

Self-starter with 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

Excellent relationship building capabilities with internal partners to build consensus and drive solutions

Appreciate encourage diversity of people, ideas perspectives

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 8+ 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.

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Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents. Read more