Operational Risk Associate Jobs in New York (NOW HIRING)

The Wealth Management (WM) Chief Data Office (CDO) sits within the WM Risk organization and strives to find the right balance between risk management and business enablement. WM CDO's mission is to: prevent unauthorized access to or misuse of client sensitive data and assets; abide by relevant privacy laws and regulations; effectively retain, retrieve, and protect information and records; and mitigate risks caused by inaccurate, untimely, or incomplete WM data.
The Vendor Risk Team within WM CDO works to ensure third-party relationships supporting WM are subject to appropriate risk management oversight. The team is seeking an Associate to support its efforts to ensure that vendor-related risks are inventoried, measured, and mitigated to the extent possible. This role is well-suited for a high-potential early-career candidate who is analytical, detail-oriented, and able to learn quickly through training and hands-on work.
Key responsibilities include supporting day-to-day risk management tasks such as:
Facilitating the onboarding and due diligence process for new WM third-party relationships
Reviewing and following up on the results of risk assessments conducted by due diligence and control groups, escalating issues for remediation/resolution within Service-Level Agreements (SLAs)
Supporting WM third-party relationship managers with end-to-end lifecycle management
Promoting Third Party Risk Management awareness throughout the Wealth Management Business, Wealth Management Operations, and Wealth Management Technology
Supporting management of time-sensitive vendor-related incidents (e.g., data breaches), including tracking action items, preparing summaries for management, and coordinating post-incident "lessons learned" activities
Developing and maintaining WM Vendor Risk desktop procedures and processes and creating and updating knowledge-sharing documentation
Assisting with recurring and ad hoc reporting of Key Performance Indicators (KPIs) and Key Risk Indicators (KRIs)
Assisting with the development of presentations for senior management and key stakeholders
Qualifications:
Bachelor's degree
2-3 years' experience (internships, or full-time/part-time roles welcome)
Strong communication skills (verbal and written)
Attention to detail, strong analytical, quantitative, and investigative problem-solving abilities; ability to think on their feet
Strong organization and time-management skills; ability to manage multiple tasks and shift priorities
Self-motivated with a strong sense of accountability/ownership; comfortable working independently with guidance and training
Strong MS Office skills (Excel, PowerPoint, Word)
Ability to contribute to and collaborate with a global team
Preferred (Nice to Have) Qualifications:
Baseline understanding of risk management and control concepts (e.g. inherent vs residual risk), process improvement, and/or operational excellence
Exposure to third-party relationship management concepts (coursework, internship, or work experience)
Familiarity with project/content management tools (e.g., Jira, ServiceNow, ProcessUnity)
Familiarity with visualization/reporting tools (e.g., Tableau, Dataiku)
Professional skepticism (respectful, evidence-based "trust but verify" approach).

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients - helping them reach their goals. We do it in a way that's differentiated - and we've done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.

Expected base pay rates for the role will be between $58,000 and $115,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.