Associate - Fraud Risk Associate - Fraud Risk …

Morgan Stanley
in Baltimore, MD, United States
Permanent, Full time
Be the first to apply
Competitive
Morgan Stanley
in Baltimore, MD, United States
Permanent, Full time
Be the first to apply
Competitive
Associate - Fraud Risk
Morgan Stanley
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.

The talent and passion of our people is critical to our continued success as a firm. Together, we share five core values rooted in integrity, excellence and strong team ethic:
1. Doing the Right Thing
2. Putting Clients First
3. Leading with Exceptional Ideas
4. Committing to Diversity and Inclusion
5. Giving Back

Morgan Stanley is committed to helping its employees build meaningful careers and we strive to be a place for people to learn, achieve and grow.

Firm Risk Management
Firm Risk Management (FRM) enables Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, operational, model and other risks.

Our mission is to serve as the follow roles:
• Independent agent to set consistent principles and disciplines for risk management
• Strategic advisor to Firm management for setting risk appetite and allocating capital
• Industry leader to influence and meet regulatory standards

You will collaborate with colleagues across FRM and the Firm to protect the Firm's capital base and franchise, advise businesses and clients on risk mitigating strategies, develop tools and methodologies to analyze and monitor risk, contribute to key regulatory initiatives and report on risk exposures and metrics to enable informed and strategic decision-making. Through thoughtful analysis and clear communication we are best able to bring our ideas to the table and improve the Firm.

Firm Risk Management values diversity and is committed to providing a supportive and inclusive workplace for all employees.

Firm Risk Management's unique franchise promotes:
• Flat, flexible and integrated global organization
• Collaboration and teamwork
• Credible, independent decision-making
• Organizational influence
• Creative and practical solutions
• Meritocratic and diverse culture

Location
The Morgan Stanley Baltimore office is a critical component of the Firm`s Global footprint and has 1,400 employees that provide support and services to the Investment Banking, Securities, Investment Management and Wealth Management Businesses.

Our office at Thames Street Wharf is located in the heart of Baltimore's Inner Harbor. Additionally, the Firm recently expanded downtown and occupies two floors at 100 South Charles in the new, up and coming neighborhood of Harbor Point, adjacent to historic Fells Point.

Department Profile
Operational Risk Management works with the business units and control groups to help ensure Morgan Stanley has a transparent, consistent and comprehensive program for managing operational risk, both within each area and across the firm globally. Operational risk is the risk of financial loss or other potential damage to the firm's reputation due to inadequate or failed internal processes, people, systems, or from external events. This group designs, implements and monitors the company-wide operational risk program.

Position Description
Morgan Stanley is seeking a dynamic and high performing Associate to play a key role within the Operational Risk Department (ORD) US Banks coverage team. The team acts as an independent, second line of defense function responsible for providing operational risk oversight across both Morgan Stanley Private Bank, NA (MSPBNA) and Morgan Stanley Bank, NA (MSBNA).

The candidate will help provide independent oversight for the US Banks Fraud Risk Management Program and will report to the Executive Director of US Banks Operational Risk (Fraud Risk) team.

Responsibilities include:
Oversight Function - Provide independent assessment of the effectiveness of US Banks First Line fraud risk program on an ongoing basis

Risk Identification - Identify and assess fraud risks supporting the US Banks activities and products

Governance - Support US Banks ORD in relevant (or in scope) fraud governance, steering, and working group committees and ensure that risk and control-related activities are in compliance with Regulatory requirements and remain in line with the Banks' risk appetite

Monitoring - Review fraud metrics, industry developments, and escalation reports to monitor risk and control-related developments, issues and trends in the management of fraud risk for the US Banks

Risk Assessments - Assess whether new/existing fraud controls utilized by the US Banks are designed and implemented effectively so as to verify that risks are mitigated to targeted levels

Relationship Management - Liaise and work closely with the Firm's second line Fraud Risk, Fraud Operations and US Banks first line Fraud Risk teams in providing adequate fraud oversight coverage for the Banks

Advisory Services - Provide guidance on the evolving fraud risk landscape

Policy & Procedures - Maintain and/or oversee relevant policies and procedures related to US Banks fraud risk management processes

Qualifications:

Skills Required
• Bachelor's degree or equivalent in a quantitative discipline, Finance, Economics, Mathematics or similar

• Approximately 3-7 years of analytics, operations or risk experience (ideally with a focus in fraud analytics, operations or risk)

• Strong interest in anti-fraud programs and fraud schemes, controls, and technology, as well as risk management

• Excellent communication skills, both verbal and written, and an ability to present ideas concisely

• Ability to identify opportunities to improve the fraud risk metrics and analytics program, and seek insights from data sets

• Ability to communicate complex analytical techniques and results to layman

• Ability to work under pressure with competing demands and challenging deadlines

• Strong interpersonal skills in order to work in a team oriented environment

• Strong project management and organization skills

• Ability to multitask and prioritize
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