Vice President, Affiliate Third Party Risk Management (Operational Risk)

Are you a seasoned risk management professional with a strong background in the financial services industry? Do you thrive in a fast-paced, dynamic environment and have a passion for driving operational excellence? If so, we have an exciting opportunity for you to join our team at Morgan Stanley as the Vice President of Affiliate Third Party Risk Management (Operational Risk).In this role, you will be responsible for developing and implementing a comprehensive risk management strategy for our affiliate third party relationships. You will work closely with various internal stakeholders to identify and mitigate potential risks, while also ensuring compliance with regulatory requirements. This is a highly visible and critical role within our organization, and we are seeking a highly skilled and motivated individual to fill it.To be successful in this role, you must have a deep understanding of operational risk management principles and practices, as well as a strong knowledge of the financial services industry. You should also possess excellent communication and leadership skills, with the ability to effectively collaborate with cross-functional teams. If you are ready to take on a challenging and rewarding role at one of the world's leading financial institutions, we encourage you to apply for this position today.

1. Develop and implement a comprehensive risk management strategy for affiliate third party relationships.
2. Work closely with internal stakeholders to identify, assess, and mitigate potential risks.
3. Ensure compliance with regulatory requirements related to third party risk management.
4. Provide guidance and support to cross-functional teams on risk management best practices.
5. Monitor and report on the effectiveness of risk management strategies and controls.
6. Stay current with industry trends and best practices in operational risk management.
7. Collaborate with other departments to ensure a consistent and coordinated approach to risk management.
8. Lead and manage a team of risk management professionals, providing mentorship and guidance.
9. Conduct risk assessments and develop risk mitigation plans for new and existing third party relationships.
10. Implement and maintain a robust third party risk management framework.
11. Communicate risk management policies and procedures to relevant stakeholders.
12. Provide regular updates and presentations to senior management on risk management initiatives and results.
13. Identify opportunities for process improvements and efficiencies within the risk management function.
14. Act as a subject matter expert on operational risk management for the organization.
15. Represent the organization in external meetings with third party partners and regulatory bodies.
16. Develop and maintain strong relationships with key stakeholders and business partners.
17. Ensure that all activities are performed in accordance with company policies and procedures.
18. Foster a culture of risk awareness and accountability within the organization.
19. Continuously evaluate and enhance the risk management program to align with industry standards and best practices.
20. Act as a thought leader and drive a culture of excellence and continuous improvement within the risk management function.

According to JobzMall, the average salary range for a Vice President, Affiliate Third Party Risk Management (Operational Risk) in Baltimore, MD, USA is between $150,000 and $250,000 per year. This may vary depending on the specific company, level of experience, and other factors.

Morgan Stanley provides investment banking products and services to its clients and customers including corporations, governments, financial institutions, and individuals. It operates through the following business segments: Institutional Securities, Wealth Management, and Investment Management. The Institutional Services segment provides financial advisory, capital-raising services, and related financing services on behalf of institutional investors.