Morgan Stanley Wealth Management provides access to a wide range of wealth management products and services for individuals, businesses and institutions to deliver services and solutions that help build, preserve and manage wealth. These services include brokerage and investment advisory, financial and wealth planning, credit and lending, cash management, annuities and insurance, retirement and trust. Business Risk Management The Business Risk Management team is responsible for implementing the product risk and control framework supporting several businesses- Outsourced Chief Investment Office, Morgan Stanley Portfolio Solutions, Global Investment Manager Analysis, and Global Investment Office. This requires close coordination with support partners such as Product teams, Operations, Technology, Compliance and Legal to identify and assess operational risks and implement controls and processes. Position Summary Business Risk Management is seeking a candidate for Risk Management and Internal Controls. This position is responsible for partnering with business units to ensure continued adherence to the risk and control framework and provide ongoing risk management support. Primary responsibilities include supporting Business Risk Officer(s) in the following areas: - RCSA Coordination - Assist in coordination with risk owners in the business to continue to enhance the risk and control self-assessment to ensure that risks and controls are documented around current supervisory processes and test the supervisory process to ensure coverage is adequate. - Examination Management- Assist in coordination with internal/external auditors, compliance and central RCSA testing teams to ensure that the business is adequately prepared for all reviews. Track the status of open risks identified by internal/external audit, compliance and central RCSA testing teams and work with each action owners to identify the best resolution to remediate controls or mitigate risk. - Risk Incident Monitoring - Assist in analyzing incidents and determine firm, advisor and/or client impact. Conduct a mini front-to-back analysis of incidents to determine if an enhancement is needed to a function/process/control and ensure that operational risk incidents are properly posted to and processed through the Risk Incident Tracking Application (ReCap). - Risk Identification - Assist in planning and performing internal reviews of procedures and controls residing within various product and business areas to ensure that controls are adequately designed and are operating effectively in preparation for all audits, compliance exams, and regulatory inquiries. - Risk Mitigation - Proactively engage appropriate stakeholders and partners to lead the implementation of enhanced processes and controls build-out for any identified control gaps or opportunities for enhancement. - Management Reporting - Develop reporting and effectively and timely communicate risk management issues and internal control deficiencies to BRM Management with properly vetted and proposed solutions. - IT Project and Risk Management - Manage certain aspects of the pipeline of IT projects for certification through partnering with management and various PMO groups and ensure that IT projects are appropriately assessed for risk ratings. Engage the Business Unit Information Security Officer (BUISO) team when information security risks are identified. - Vendor Management, EUC, User Entitlements - Participate in review and monitoring of these areas to ensure compliance and timely response to inquiries and/or testing.