Job description
Associate - US Banks Technology Risk Coverage
Job Number:
3235265
POSTING DATE: Apr 6, 2023
PRIMARY LOCATION: Americas-United States of America-Maryland-Baltimore
EDUCATION LEVEL: Bachelor's Degree
JOB: Operational Risk
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Associate
DESCRIPTION
Role: Associate - US Banks Technology Risk Coverage
Location: Baltimore, MD
Recruiting Contact: Durbin Hunter
Recruiting Contact Email: Durbin.Hunter@morganstanley.com
The role will reside within the Firm Risk Management's Operational Risk Department focusing on, Technology Risk for the US Banks.
Operational Risk refers to the risk of financial or other loss, or potential damage to a firm's reputation, resulting from inadequate or failed internal processes, people, systems, or from external events (e.g., fraud, legal and compliance risks or damage to physical assets). 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. This group designs, implements and monitors the company-wide operational risk program.
Cybersecurity, Technology, and Information Security Risk is the practice of identifying, assessing, and helping to identify cyber threats and remediate risks related to the confidentiality, availability and integrity of the Firm's systems and information, including associated processes and controls. The successful candidate will be responsible for helping execute independent oversight, analysis, and monitoring of Technology risks and controls to identify, communicate and mitigate potential risks which could affect the US Banks.
Primary Responsibilities
Location: Baltimore, MD
Recruiting Contact: Durbin Hunter
Recruiting Contact Email: Durbin.Hunter@morganstanley.com
The role will reside within the Firm Risk Management's Operational Risk Department focusing on, Technology Risk for the US Banks.
Operational Risk refers to the risk of financial or other loss, or potential damage to a firm's reputation, resulting from inadequate or failed internal processes, people, systems, or from external events (e.g., fraud, legal and compliance risks or damage to physical assets). 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. This group designs, implements and monitors the company-wide operational risk program.
Cybersecurity, Technology, and Information Security Risk is the practice of identifying, assessing, and helping to identify cyber threats and remediate risks related to the confidentiality, availability and integrity of the Firm's systems and information, including associated processes and controls. The successful candidate will be responsible for helping execute independent oversight, analysis, and monitoring of Technology risks and controls to identify, communicate and mitigate potential risks which could affect the US Banks.
Primary Responsibilities
- Identify and evaluate technology risks related to the systems and information supporting US Banks' activities.
- Assess whether technology activities and controls are designed and implemented effectively so as to verify that risks are mitigated to targeted levels
- Provide subject-matter expertise in technology to support overall risk management in the Firm, working closely with cybersecurity and technology personnel across the Firm.
- Build and maintain strong positive relationships with the broader risk community and the technology security operational and development teams.
- Review completeness and execution of relevant procedures and assess assurance mechanisms for how effectively they identify weaknesses or failures of key controls
- Work with risk and control owners in assessing inherent and residual levels risks based on structured risk framework
- Maintain and or oversee relevant policies and procedures related to technology and security processes
- Review metrics and escalation reports to monitor risk and control-related developments, issues and trends
- Review technology and security risk issues as well as internal and external incidents in order to help inform an independent view of the overall technology and security risk posture of the US Banks and underlying legal entities
- Provide monthly and quarterly risk reporting
- Provide guidance on the evolving technology risk landscape
- Coordinate with colleagues who cover business units and infrastructure groups in discussing impact of technology risks on business and support processes
- Monitor industry developments in the management of technology risk
QUALIFICATIONS
- Bachelor's Degree minimum
- 2+ years of technology and/or cybersecurity related work experience, preferably in or applicable to the financial services industry
- Strong interpersonal skills to successfully work in a team-oriented environment
- Excellent communication skills, both verbal and written; ability to produce concise and effective presentations tailored to technical and non-technical audiences
- Proficiency in computer network defense, software programming, technology integration, computer science, or related fields.
- Strong project management and organization skills; ability to multitask and prioritize
- Ability to work under pressure and to tight deadlines
- Flexible and self-motivator
- Strong analytical and problem-solving skills
- Proficiency in MS Office and related applications (e.g. Word, Excel, PowerPoint)
Experience Preferred
- Proficient in industry standards (e.g., ISO 31000) and technology regulatory requirements
- Risk certified (e.g., CRISC, CISM, CISA, CRMP, CISRCP)
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).
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