Associate, Non-Financial Risk Assessment Program

We are seeking someone to join as an Associate to the Non-Financial Risk Assessment (NFRA) team who is responsible for designing, implementing, and maintaining the Firm's framework for identifying, assessing, and managing non-financial risks. We ensure robust controls are in place to mitigate risks and protect the firm's reputation and clients. The team partners closely with business units, technology, and risk functions to drive a culture of risk awareness and continuous improvement.

The team monitors compliance with minimum standards, provides guidance, training, and support throughout the execution process. In addition, the team co-ordinates completion of the independent risk management review and challenge process. To perform this role successfully, a high level of interaction is required with business areas at all levels of the organization, and internally across Operational, Compliance and Financial Crimes risk.

Since 1935, Morgan Stanley has been a global leader in financial services, and this Associate position within Business Audit is key to inspecting controls across front, middle, and back-office functions. 

What you'll do in the role:

NFRA Program Leadership and Oversight:

• Facilitate the completion of the firm's NFRA and Controls Governance program, working with business unit and infrastructure teams in the first and second line of defense to ensure consistent execution of the NFRA and compliance with minimum standards.

NFRA Program Management:

• Own key aspects of NFRA program management, including stakeholder engagement, communication of expectations, and delivery timelines. Actively monitor progress, identify execution risks, and escalate issues to ensure timely and effective completion of the NFRA.

Quality Assurance and Issue Resolution:

• Conduct and support independent quality assurance reviews of risk assessments and controls. Identify and escalate thematic issues as needed and partner with stakeholders to drive timely remediation.

Data Analysis and Reporting:

• Analyze risk and control data to identify trends, emerging risks, and control gaps. Prepare insightful reports and presentations for senior management and governance forums.

Policy and Framework Enhancement:

• Contribute to the ongoing development and enhancement of NFRA and controls policies, procedures, guidance, and training materials.

Cross-Functional Collaboration:

• Work closely with cross-functional teams (Operational Risk, Compliance, Financial Crimes, Technology, and other NFR teams) to ensure alignment and successful delivery of risk and control programs.

What you'll bring to the role:

• 2-4 relevant years of financial services or consulting experience.

• Hands on experience working with enterprise risk programs, particularly risk and control assessment programs.

• Knowledge of the financial services regulatory environment, with a focus on Operational, Compliance, and/or Financial Crimes Risk.

• Excellent communication skills, both verbal and written; ability to tailor communication to technical and non-technical audiences.

• Capacity to prioritize in a fast moving, constantly changing environment, to handle multiple tasks simultaneously, and work under fast-paced working environment.

• Advanced Excel knowledge and Data analysis skills; experience working with large data sets, including deconstructing data sets and/or their associated queries.

• Highly motivated self-starter able to work independently while collaborating and coordinating as part of a global program.

• An undergraduate degree (B.A., B.S., or equivalent) required

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 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.

Certified Persons Regulatory Requirements:
If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.

Flexible work statement
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.

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.