Firm Overview 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. As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture. Legal and Compliance Division Overview The professionals in the Legal and Compliance Division LCD provide a wide range of services to our business units. LCD is comprised of the Legal, Regulatory Relations, and Non-Financial Risk departments which preserve the firm's invaluable reputation for integrity and protect the firm from sanctions with policies and procedures that are designed to meet regulatory requirements around the world. We also strive to maintain cooperative relationships with governmental policy makers and the regulatory and self-regulatory agencies that govern the firm's businesses. Background on the Position The role will focus on Third Party Risk for the US Banks and reside within the Legal and Compliance's Operational Risk Department (ORD), a Second Line of Defense (2LoD) function. 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). The Firm may incur operational risk across the full scope of its business activities, including revenue-generating activities (e.g., sales and trading) and control groups (e.g., information technology and trade processing). The successful candidate will be responsible for helping execute independent oversight, analysis, and monitoring of risks and controls and key risk metrics related to the US Banks' operational risk. The individual will play a critical strategic role in driving risk management oversight activities, which may include development of risk metrics and reporting, control execution, review of incidents and issues and general support of ongoing risk assessments. Primary Responsibilities > Focus on execution of second line risk oversight framework activities to support identification, assessment, mitigation, and reporting of aggregate portfolio-level exposure and risks associated with the US Banks affiliated and non-affiliate third parties and sub-contractors. > Participate and lead quarterly risk management activities including risk and control self-assessment (RCSA), priority risk reviews, concentration risk reporting, scenario analysis, production and analysis of risk metrics in support of risk identification. > Execute Operational Risk activities within the Bank's operational risk department (ORDs) framework to demonstrate oversight and challenge of vendor risk and visibility to level of governance and risk management within the Bank's tolerance. > Collaborate with first line and second line program colleagues in the execution of controls, risk metrics and reporting, as appropriate. > Engage with senior colleagues in the broader Firm and US Banks Risk Division, and in the first line of defense including Firm Third Party Program Management, US Banks Vendor Management team, other business units and support functions, as appropriate.