Operational Risk & Regulatory Control - Customer Reserve/FOCUS - Team Lead

  • Competitive
  • Baltimore, MD, USA
  • Permanent, Full time
  • Morgan Stanley USA
  • 21 May 19

Operational Risk & Regulatory Control - Customer Reserve/FOCUS - Team Lead

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
Operations is one of the largest divisions in the firm and has diverse responsibilities, including correctly settling and recording millions of transactions per day, identifying and mitigating all operational risks, developing strong client relationships and partnering with technology to realize the full potential of IT and e-solutions. Throughout, the Operations department continually seeks ways to improve while actively supporting the development of new businesses, structures and markets.

Background on the Position
This role will be part of the North America ORRC Customer Reserve & FOCUS Team, which regularly interacts with Senior Management of Morgan Stanley & Co. LLC, and Morgan Stanley Smith Barney and senior managers across Operations, Technology, Finance and Compliance. The team is responsible for 4 HIF (high impact functions) functions. This role will primarily be responsible for performing daily tasks associated with the review, validation, and/or substantiation of operational data impacting the 15c3-3 Customer Reserve Formula. This role will also contribute to the preparation of monthly calculations, and reporting related 15c3-1 Net Capital (FOCUS), and other ad-hoc duties as assigned.

In addition to performing daily and monthly functions and reviewing the work of, and developing, other team members, the role would be expected to lead or contribute to working groups, and consistently review the team's current procedures with the purpose to identify and drive possible process improvements. This role has the potential to have individuals reporting under it, and is expected to assist with team administrative responsibilities, such as task/training planning and scheduling.

Work is conducted in a team environment with various internal deadlines throughout the day and month; must be willing to ask questions of other team members/managers to ensure the team achieves its objectives.


Skills required (essential)
-An undergraduate degree or equivalent combination of education and applicable professional experience.
-5+ years of related experience within Financial Services, Auditor, or Regulator (focus on operational compliance and/or regulatory processes)
-Experience with operational risk disciplines; processes, risks and controls and familiarity with accounting systems/processes
-Strong leadership, and project management skills and ability to manage many competing priorities.
-Highly motivated individual with outstanding record of professional achievement
-Strong interpersonal skills and ability to communicate effectively in both oral and written form
-Fully versed in Microsoft Office suite, emphasis in Excel.

Skills desired
-Candidate ideally has strong knowledge of various regulatory rules: such as SEC Rule 15c3-3, SEC Rule 15c3-1, etc.
-Prior experience in operational risk, modeling or information technology, or broad array of regulatory operations issues