Description
Firm Risk Management
Firm Risk Management (FRM) supports Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, operational, model and other risks.
Background on the Position
The role will reside within Firm Risk Management’s Risk Regulatory function in the Risk Chief Operating Office. The role is responsible for leading the Asia FRM team engagement with the US, UK & European & Asia Pacific regulators. This includes providing independent review and challenge of all regulatory submissions and providing advice and support to large-scale regulatory remediation projects with respect to regulatory expectations. The role is responsible for regulatory engagement on a wide range of topics, including (but not limited to) market risk, credit risk, liquidity risk, operational risk, climate risk and data and will collaborate with teams across regions. In addition, the role will support the regulatory risk initiatives and support enhancing of the risk governance in Asia.
Primary Responsibilities
• Lead Firm Risk Management’s engagement with the HKMA/MAS and engage with other FRM teams in the other regions for global regulatory remediation impacting Asia. The role will include, but not limited to, preparation of on-site visits / workshops and information requests; compiling, reviewing & challenging submission materials
• Lead regulatory self-assessments, which are either included in regulatory model applications or which support the Risk Division in ensuring regulatory compliance
• Support large-scale regulatory remediation projects, providing advice on regulatory expectations and reviewing and challenging documentation supporting the closure of project milestones / regulatory findings. The scope could be global in nature to the extent such findings and related remediation have implications for Asia
• Review Risk policies and procedures to ensure regulatory requirements are appropriately addressed; provide technical advice on regulatory rules
• Review and understanding of the existing and new regulatory guidelines and engaging with multiple risk stripes and relevant stakeholders to ensure compliance
• Maintain and enhance risk governance at regional level and also across various jurisdictions / regulated legal entities
Qualifications
• Bachelor’s degree or equivalent
• Experience in dealing with financial regulators / regulatory issues or working on regulatory implementation projects (e.g. regulatory applications for internal model applications)
• Confidence to take ideas forward and to challenge others, where appropriate, with experience in management by influence, facilitating and gaining consensus
• The ability to effectively communicate with a wide range of stakeholders, both written and verbally
• An interest in working in a fast-paced environment, often balancing multiple high priority deliverables
• Strong attention to detail and ability to distil technical information to produce concise and effective presentations
• The ability to work independently in a self-directed way in a collaborative, team-oriented environment
FRM is committed to creating and providing opportunities that enable our workforce to reflect diverse backgrounds and views.
