Vendor Program Management, U.S. Banks, Associate, Wealth Management

Morgan Stanley is a global financial services firm that conducts its business through three principal business segments-Institutional Securities, Wealth Management, and Asset Management. The Associate position is with Morgan Stanley Bank, NA and Morgan Stanley Private Bank, National Association (US Banks) on the US Banks Vendor Program Management Team.

Description:

The Vendor Program Management Associate position is responsible for supporting the US Banks Vendor Program Management Office and reports into a Bank Vendor Program Management Officer. The program's framework consists of the following areas of responsibility:

• Actively support in the development, implementation, training, refinement and sustainability of a vendor governance framework, including cloud
• Advise Business Units and other stakeholders in their due diligence assessments and activate the relevant downstream subject matter experts to assess risk mitigation
• Monitor vendor risks on a continuous basis and produce reporting and escalate elevated risks
• Assist with day-to-day support for the Bank's direct and indirect vendors, including the vendor lifecycle from on-boarding, contract reviews, periodic monitoring, risk assessments, expense management and termination
• Ensure appropriate governance of policies and procedures, and the US Bank's framework adherence to key Office of the Comptroller of the Currency (OCC) and FFIEC regulatory requirements
• Support the Vendor Program Manager Officers in weekly, monthly, and quarterly Committees and Sub-Committees related to the Affiliate and Third Party Vendor Management Programs
• Forge relationships across senior leadership of the Bank, cross-divisions, including Information Technology, Legal & Compliance, Operations, Finance, etc.

Qualifications & Skills Required

• Bachelor's degree in finance, Business or other related field
• 3-5 years of relevant experience in risk management, documentation and governance in the financial services industry is a plus
• Familiar with Information Technology risks in general and Cloud technologies specifically (SaaS, PaaS, IaaS, Public & Private Cloud)
• Demonstrate a basic understanding of various compliance and regulatory areas (e.g. FFIEC, NIST)
• Strong sense of ownership, accountability, and entrepreneurial spirit
• Strong project management, organization, communication, and analytical skills
• Ability to manage ambiguity and bring focus with recommendations on solving tactical and strategic challenges
• Ability to work in a fast paced environment, both independently and as part of a team, and under strict deadlines
• Strong at identifying key control points within a process, and then provide assessment of the preventative and detective controls
• Strong interpersonal skills - freely develops networks, builds consensus, prioritizes effectively, and develops alliances across organizations
• Strong written and oral communication skills will be important for this role as effective communication of our role to IT, the business units, regulators, and our vendors is critical
• Proficiency using MS Office suite (Microsoft Excel, PowerPoint, Word)

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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.

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Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize 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.