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VP Third Party Program Governance and Risk Management

Company: Morgan Stanley
Location: Baltimore
Posted on: September 25, 2022

Job Description:

Company ProfileMorgan 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 ethics. 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.About Third Party Program ManagementThe Third Party Program Management ("TPPM") group is a dedicated first line of defense function within Reengineering & Expense Management ("REM") and the Finance division, established to more effectively manage risks associated with Morgan Stanley's use of internal and external Third Parties to provide goods and services.TPPM is part of REM alongside Accounts Payable and Firm wide Sourcing.TPPM's key objectives are: * Enable a firm wide Third Party Risk Management (TPRM) program based in 1st LoD * Implement a firm wide TPRM strategy, processes and tools * Execute due diligence and ongoing monitoring * Implement clear, consistent information and reporting to identify, measure, monitor and manage firm-wide risks * Maintain compliance with regulatory requirements _*Respnsobilities *_The role will assist with researching, developing and supporting various third party risk management initiatives.The job holder will be responsible for planning, development and monitoring activities related to the firm's Third Party Program Management standards, procedures and requirements. Responsibilities will also include working with key stakeholders and control groups including Operational Risk, Legal, Compliance, Technology, Firmwide Sourcing, Procurement, and regional leads to ensure implementation and consistent compliance with the Firm's TPRM Framework. Specific responsibilities include: * In coordination with TPPM Leadership, support the development, implementation and reporting strategy for Third Party Risk Management Program * Supporting the implementation of a strategy for risk management related to Program Compliance and Risk Management * Working with TPPM Leadership, ORD, LCD, and Business Units to ensure strategy is embedded across the Firm * Driving project management activities related to the implementation of the strategic plan * Developing change management plans including project plan, communication plan, and training plan * Ongoing process improvement and identification of opportunities to automate and streamline people, processes and procedures * Develop presentations and reporting for senior management and governance committees * Support execution of change and remediation programs led by TPPM, as and when requiredQualifications and ExperienceThe successful candidate will have experience with analyzing current business's practices and ensuring that practices align with policy, standards and regulatory guidance. She/he will make suggestions to improve metrics and analytical strategy to increase efficiency, effectiveness and regulatory compliance; formulating concepts into actionable objectives and project plans. More specifically, qualifications should to include: * 5 years of experience in global Banking or Financial Services organizations * 5 years of experience in third party risk management or related operational risk areas * Good understanding of regulatory requirements for managing of Third Party and outsourcing risk in Financial Services organizations * Demonstrated analytical capabilities along with the ability to translate analysis into tactics and results, anticipate consequences and adjust accordingly * Demonstrated ability to think strategically and act as a thought partner with team mates, senior leadership, and key stakeholders * Excellent communication and presentation skills and proven ability to effectively interact with team members, clients, and peers, earning their trust and establishing credibility * Ability to be flexible, adjust to changing priorities and unforeseen events, and proactively adjust strategy and approach * Exceptional project management skills * High proficiency in Microsoft Excel and Power Point * Bachelor's degree or equivalent combination of training and experience-This role requires that all successful applicants be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccinations within 3 days of commencement of employment.-Job requires a minimum of 3 days a week in the office and allows for the balance of the week to be remote work.**Job:** **Finance* **Title:** *VP Third Party Program Governance and Risk Management * **Location:** *Maryland-Baltimore* **Requisition ID:** *3209073* **Other Locations:** *Americas-United States of America-New York-New York*

Keywords: Morgan Stanley, Baltimore , VP Third Party Program Governance and Risk Management, Executive , Baltimore, Maryland

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