Background on the Position We're seeking someone to join the Wealth Management (WM) Operational Risk team as the Operations, Finance, and Strategic Initiatives coverage officer. The role will reside ...
Background on the Position We're seeking someone to join the Wealth Management (WM) Operational Risk team as the Operations, Finance, and Strategic Initiatives coverage officer. The role will reside ...
Risk Manager
Addison, TX · On-site
$50K/yr
... operations, and external advisors to ensure comprehensive risk transfer strategies, claims ... Claims Management: Coordinate with insurance carriers and legal counsel on malpractice claims ...
Risk Manager
Addison, TX · On-site
$50K/yr
... operations, and external advisors to ensure comprehensive risk transfer strategies, claims ... Claims Management: Coordinate with insurance carriers and legal counsel on malpractice claims ...
Risk Manager
Irving, TX · On-site
... operations. * Provide risk management consulting to assure compliance with all applicable state and federal safety related laws and regulations including OSHA related matters. * Oversee the ...
Risk Manager
Irving, TX · On-site
... operations. * Provide risk management consulting to assure compliance with all applicable state and federal safety related laws and regulations including OSHA related matters. * Oversee the ...
Background on the Position We're seeking someone to join the Wealth Management (WM) Operational Risk team as the Operations, Finance, and Strategic Initiatives coverage officer. The role will reside ...
Background on the Position We're seeking someone to join the Wealth Management (WM) Operational Risk team as the Operations, Finance, and Strategic Initiatives coverage officer. The role will reside ...
Risk Manager
Irving, TX · On-site
... operations. * Provide risk management consulting to assure compliance with all applicable state and federal safety related laws and regulations including OSHA related matters. * Oversee the ...
Risk Manager
Irving, TX · On-site
... operations. * Provide risk management consulting to assure compliance with all applicable state and federal safety related laws and regulations including OSHA related matters. * Oversee the ...
Risk Manager
Irving, TX · On-site
... operations. * Provide risk management consulting to assure compliance with all applicable state and federal safety related laws and regulations including OSHA related matters. * Oversee the ...
Risk Manager
Irving, TX · On-site
... operations. * Provide risk management consulting to assure compliance with all applicable state and federal safety related laws and regulations including OSHA related matters. * Oversee the ...
Innovate controls testing strategies, emphasizing operational risk management and long-term remediation measures * Partner with other business units and support teams to remediate issues and assist ...
Innovate controls testing strategies, emphasizing operational risk management and long-term remediation measures * Partner with other business units and support teams to remediate issues and assist ...
Innovate controls testing strategies, emphasizing operational risk management and long-term remediation measures * Partner with other business units and support teams to remediate issues and assist ...
Innovate controls testing strategies, emphasizing operational risk management and long-term remediation measures * Partner with other business units and support teams to remediate issues and assist ...
The first-line CISO has operational responsibilities and reports to the CIO. The second-line Chief Tech Risk Officer (CTRO) and the Tech & Data Risk Management (TDRM) organization have broader ...
The first-line CISO has operational responsibilities and reports to the CIO. The second-line Chief Tech Risk Officer (CTRO) and the Tech & Data Risk Management (TDRM) organization have broader ...
Innovate controls testing strategies, emphasizing operational risk management and long-term remediation measures * Partner with other business units and support teams to remediate issues and assist ...
Innovate controls testing strategies, emphasizing operational risk management and long-term remediation measures * Partner with other business units and support teams to remediate issues and assist ...
The Risk Manager develops, maintains, and administers the safety and risk/emergency/security ... Develop methodologies for assessing the effectiveness of security operations and training programs.
The Risk Manager develops, maintains, and administers the safety and risk/emergency/security ... Develop methodologies for assessing the effectiveness of security operations and training programs.
Risk Manager
Lewisville, TX · On-site
$96K - $106K/yr
Develop methodologies for assessing the effectiveness of security operations and training programs ... risk management, with a minimum of one (1) year of supervisory experience required. • Prior ...
Risk Manager
Lewisville, TX · On-site
$96K - $106K/yr
Develop methodologies for assessing the effectiveness of security operations and training programs ... risk management, with a minimum of one (1) year of supervisory experience required. • Prior ...
Oversee operational and regulatory risk management programs for a major business segment. * Evaluate effectiveness of internal controls and risk mitigation strategies. * Direct self-monitoring ...
Oversee operational and regulatory risk management programs for a major business segment. * Evaluate effectiveness of internal controls and risk mitigation strategies. * Direct self-monitoring ...
Oversee operational and regulatory risk management programs for a major business segment. * Evaluate effectiveness of internal controls and risk mitigation strategies. * Direct self-monitoring ...
Oversee operational and regulatory risk management programs for a major business segment. * Evaluate effectiveness of internal controls and risk mitigation strategies. * Direct self-monitoring ...
Oversee operational and regulatory risk management programs for a major business segment. * Evaluate effectiveness of internal controls and risk mitigation strategies. * Direct self-monitoring ...
Oversee operational and regulatory risk management programs for a major business segment. * Evaluate effectiveness of internal controls and risk mitigation strategies. * Direct self-monitoring ...
Collaborate with business leadership, deal teams, portfolio managers, traders, operations, and engineering partners to proactively identify and remediate areas of operational risk. * Support the ...
Collaborate with business leadership, deal teams, portfolio managers, traders, operations, and engineering partners to proactively identify and remediate areas of operational risk. * Support the ...
Collaborate with business leadership, deal teams, portfolio managers, traders, operations, and engineering partners to proactively identify and remediate areas of operational risk. * Support the ...
Collaborate with business leadership, deal teams, portfolio managers, traders, operations, and engineering partners to proactively identify and remediate areas of operational risk. * Support the ...
Liaise with senior Risk division stakeholders to help drive the development of department wide programs and processes in support of the Division's operational risk management framework and governance ...
Liaise with senior Risk division stakeholders to help drive the development of department wide programs and processes in support of the Division's operational risk management framework and governance ...
Collaborate with business leadership, deal teams, portfolio managers, traders, operations, and engineering partners to proactively identify and remediate areas of operational risk. * Support the ...
Collaborate with business leadership, deal teams, portfolio managers, traders, operations, and engineering partners to proactively identify and remediate areas of operational risk. * Support the ...
Liaise with senior Risk division stakeholders to help drive the development of department wide programs and processes in support of the Division's operational risk management framework and governance ...
Liaise with senior Risk division stakeholders to help drive the development of department wide programs and processes in support of the Division's operational risk management framework and governance ...
Operational Risk Manager information
See Mesquite, TX salary details
$42.7K - $58.4K
5% of jobs
$67.9K is the 25th percentile. Wages below this are outliers.
$58.4K - $74.1K
33% of jobs
The median wage is $88K / yr.
$74.1K - $89.8K
14% of jobs
$89.8K - $105.5K
14% of jobs
$105.5K - $121.2K
5% of jobs
$132.3K is the 75th percentile. Wages above this are outliers.
$121.2K - $136.9K
6% of jobs
$136.9K - $152.6K
7% of jobs
$152.6K - $168.3K
5% of jobs
$168.3K - $184K
2% of jobs
$184K - $199.7K
8% of jobs
$199.7K - $215.4K
0% of jobs
$42.7K
$109.7K
$215.4K
How much do operational risk manager jobs pay per year?
What Does an Operational Risk Manager Do?
An operational risk manager works to identify and limit the risk associated with a company’s operations. As an operational risk manager, your responsibilities involve assessing business operations, identifying issues, and creating reports on your findings. You then help develop policies and implement changes to lessen operational risks. Other duties include continually monitoring the business to find potential new threats and ensuring company compliance with laws and regulations.
What are the 4 pillars of operational risk management?
What does an operational risk manager do?
Do risk managers make good money?
What are some common challenges faced by Operational Risk Managers in maintaining effective risk controls across different departments?
What are the three C's of operational risk management?
What are the key skills and qualifications needed to thrive as an Operational Risk Manager, and why are they important?
What is the difference between Operational Risk Manager vs Risk Analyst?
| Aspect | Operational Risk Manager | Risk Analyst |
|---|---|---|
| Certifications | CFA, FRM, or similar | CFA, FRM, or similar |
| Work Environment | Financial institutions, banks, insurance companies | Financial firms, consulting, corporate risk teams |
| Responsibilities | Identify, assess, and mitigate operational risks; develop risk frameworks | Analyze risk data, support risk assessments, prepare reports |
The Operational Risk Manager focuses on managing and mitigating operational risks within organizations, often holding certifications like CFA or FRM. In contrast, Risk Analysts primarily analyze risk data and support risk management processes. Both roles are vital in financial sectors and share similar credentials, but the Operational Risk Manager has a broader responsibility for risk mitigation strategies.
Full-time
Re-posted 22 days ago
Morgan Stanley rating
8.3
Based on 154 frontline employees who took The Breakroom Quiz
40th of 148 rated financial services
Job description
We're seeking someone to join the Wealth Management (WM) Operational Risk team as the Operations, Finance, and Strategic Initiatives coverage officer. The role will reside within 2nd line Non-Financial Risk's (NFR) Operational Risk Department (ORD).
Operational risk is defined as the risk of loss or impacts resulting from inadequate or failed internal processes, people and systems or from external events. The Firm may incur operational risk across the full scope of its business activities, including revenue-generating activities (e.g., fund investment) and control groups (e.g., information technology and fund administration).
The role as the Operations and Finance Operational Risk coverage lead is to partner with Wealth Management business and control groups to provide independent guidance on execution of business activities, strategic programs, and initiatives; ensure operational risk policies and procedures are executed as intended; and conduct independent oversight activities such as proactive risk reviews. This individual will play a critical strategic role in driving risk management activities and adoption of risk management framework across Operations and Finance. This role sits in the 2nd Line as part of ORD's WM coverage organization; as such, a key enabler for success will be the ability to establish strong relationships with partners in the 1st Line WM Risk and Business functions, while maintaining a healthy voice of independent challenge.
Primary Responsibilities
- Partner with Wealth Management (WM) Operations and Finance, and serve as the second line subject matter expert for Operations and Finance operational risk matters
- Play an active role in the oversight of key Operations and Finance initiatives through direct engagement with functional stakeholders and participation in relevant committees and working groups
- Coordinate coverage of Operations and Finance-led strategic initiatives across ORD WM Coverage, cross-divisional Operational Risk Coverage (e.g., Fraud, Cybersecurity, Technology, Information Security, Third Party), and Compliance to ensure an integrated 2nd Line approach
- Advise on Operations and Finance related process and control design as well as remediation efforts; oversee and monitor losses and impacts related to WM's Operations and Finance functions
- Assess operational risk impacts of the Operations and Finance functions via non-financial risk assessments, incident reporting, capital requirements, etc.
- Perform Deep Dives, Targeted Risk Assessments, and Lessons Learned exercises on material operational risk events (internal and external) and analyses of thematic operational risks
- Work collaboratively in a high performing global team responsible for identifying, assessing, reporting, and capturing operational risk information
- Drive a no surprises approach in ensuring that operational risks are well known and understood Experience & Qualifications
- 5+ years of work experience in Operations, Finance, Audit, Compliance, or Risk Management
- Strong understanding of Operations and Finance processes including corporate actions, clearing, settlement, books and records, CAT / TRACE / MSRB reporting, as well as associated rules and regulations
- Understanding of operational risk management concepts (e.g., RCSA/NFRA, Issues identification and remediation, operational loss events)
- Self-starter with the ability to independently formulate and execute new ideas, and to critically evaluate risks
- Strong communication and organization skills with the ability to multitask and prioritize; ability to work under pressure and tight deadlines
- Demonstrated ability to collaborate across multiple functional areas while maintaining suitable independence and effective challenge
- Bachelor's degree or equivalent
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 $108,000 and $185,000 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.
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