JOB TITLE: EQUITY RESEARCH RISK OFFICER JOB LEVEL: ASSOCIATE DEPARTMENT: RESEARCH LOCATION: LONDON
Company Profile 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.
Department Profile Morgan Stanley Investment Research is uniquely committed to being an essential part of our clients' investment process. We strive to be the sell-side research provider that best understands the buy side. Through relevant and timely conversations with leading investors, we focus resources on risk-reward essentials: identifying the investor debates, assessing the potential outcomes, and uncovering the evidence our clients need to validate their investment decisions. Our equity analysts cover some 2,900 stocks; our economists, strategists and fixed income analysts cover all major regions and other asset classes around the globe.
The Role Morgan Stanley Research is looking to hire a Risk Officer, based in London. The role will include managing risk and ensuring the Research division is compliant with policy and regulatory requirements, both regional and global and ensuring EMEA Research's risk culture is robust.
This is a challenging and exciting role is a fast-pace environment. The candidate will be an integral part of the European Research Management team as well as working with global colleagues to ensure global consistency.
Ensure implementation of all relevant policies and regulations, including organising training, communication, monitoring, escalation and reporting
Providing guidance to Research analysts regarding policy and regulations, to promote risk and compliance awareness, organising and tracking relevant training
Ensure proper procedures are in place to ensure that approvals are handled appropriately and timely
Ensure proper mechanisms are in place to allow the timely escalation of risk and control events occurring outside regular risk and control monitoring and reporting
Risk reporting, escalation, producing risk metrics and trend analysis
Representing Research on cross-divisional Risk Committees
Management and reporting of Conduct Risk
Management and reporting of Operational Risk, including, but not limited to o Pre-trade clearance o Outside business interest o Public appearance clearances o Electronic communication surveillance
Regular collaboration with Legal, Compliance, Research Risk Officers in other regions and Risk Officers in other businesses to identify potential areas of risk
Develop and maintain risk related documentation – ensuring appropriate records are kept, processes documented and disciplined framework is in place for ongoing maintenance
Serve as the European Research project manager or representative on global and cross-divisional risk, regulatory and audit related initiatives
Self-started, highly motivated
Disciplined and rigorous around process and demonstrates ability to initiate and complete reviews and maintain detailed checklists of activities
Ability to work to tight deadlines and handle business pressure
Strong organisational skills, with the ability to balance numerous tasks and responsibilities
Intellectually curious with questioning approach to problem solving
Attention to detail, accuracy and strong analytical skills
Effective team player, able to work with and influence people of all levels both internally and externally; able to work independently, when needed
Strong communication skills – written and spoken
Knowledge of Research and / or regulations preferred but not essential
Financial Services background
Extracting and analyzing various operational risk data, such as incidents, metrics, issues and actions, scenarios, key controls and Risk Control Self Assessments (RCSA)
Proactively engaging with line managers to understand their business and the associated risks, including leading weekly control meetings to review status of key controls
Leading the RCSA exercises for respective areas
Co-ordinating internal & external audits, including working with the line management to identify & disclose self-identified control gaps
Understanding new & existing regulatory requirements in the business and ensuring appropriate control framework exists to meet those requirements
Co-ordinating BCP strategy and Pass the Book/Transference testing
Performing ORC function in relation to operational incidents (validating root cause and working with the line teams to identify remediating action plans)
Monitoring and reviewing action plan status for all Open Pages items and escalate exceptions
Monitoring adherence to Segregation of Duties rules
Compliance with mandatory training / policy acknowledgment
Co-ordinating regular risk meetings with senior management to review KRIs and discuss risk issues & initiatives
Conducting risk training / awareness sessions
The salary of this role is competitive The closing date for applications is 01/09/2017
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing and advancing individuals based on their skills and talents.