Background on the Position : - The role will Reside within the Firm Risk Management's Operational Risk Department. Operational Risk refers to the risk of financial or other loss, or potential damage to a firm's reputation, resulting from inadequate or failed internal processes, people, systems, or from external events (e.g., fraud, legal and compliance risks or damage to physical assets) impacting the full scope of its business activities, including revenue-generating activities and infrastructure groups. - Given the nature and breadth of operational risk, operational risks are managed at multiple levels e.g. Firmwide, as well as Regional, Business Unit, Infrastructure Group, Control Function and Legal Entity. - The Firm has developed a robust Operational Risk Management Framework designed to identify and assess significant operational risks and ensure appropriate mitigation actions are undertaken. The Framework is deployed across Business Units, Infrastructure Groups and Control Functions globally, regardless of Region or Legal Entity. The Framework is based upon a - Three Lines of Defence- model within which ORD operates as part of the Second Line of Defence, providing independent oversight and challenge to the management of operational risk across the Firm. - We are looking to attract a senior recruit to provide country coverage as part of the APAC Operational Risk Regional Coverage team, based in India, reporting to the Head of APAC Operational Risk Management Coverage. Primary Responsibilities : The APAC Operational Risk Management Coverage team is responsible for working with business and infrastructure units to identify, analyse, assess and challenge operational risk associated with the processes and controls relevant to each area. Coverage Officers are responsible for driving the effectiveness and embeddedness of the Operational Risk Management Framework within the Firm's Business Units, Infrastructure Groups and Control Functions. Specific responsibilities include: - Enhance / build solid client relationships with key individuals relevant to designated coverage responsibilities; - Develop a full understanding of the business and operational risks within India including the in-country Global In-House Center (GIC) - Assist the divisions in India with highlighting their key operational risks and management of risk levels against designated risk tolerance limits at a divisional and Firm level; - Carry out deep dives into material operational risk events (internal and external) and analyses of thematic and emerging operational risks; - Assist in the enhancement of the Operational Risk program and embedding of the framework and standards; - Assist in reporting to country Boards and Committees. Skills Required:&nbsp; - Challenge - Confidence to take ideas forward and to challenge others; - Risk Identification - Ability to anticipate and identify risks and effective mitigants; - Banking Regulation - Good understanding of banking regulation, especially relating to operational risk management, highly desirable; - Strong Organizational Skills - Multitask and prioritise. Ability to work under pressure and to tight deadlines; - Excellent Communication Skills - Both verbal and written. Concise and effective presentational skills - Self-Starting - Should be able to work independently with a reporting line into Hong Kong. There is little routine work defined in this role, and the role requires constant learning and versatility to adapt as the global operational risk framework evolves; - Execution Skills - Need to manage process of embedding the ORD framework in the business areas or functions or region; - Analytical Thinking - Experience in risk management functions, or in performing risk assessments; - Teamwork - Relationship building and leveraging expert partners across the Firm, especially within Firm Risk Management. Building and maintain a network of contacts and coordinating with a large number of stakeholders; - Communication - Strong communication skills in English necessary, oral and written. Experience: - Candidate should have a minimum of 10 years of relevant working experience, with the most recent work experience in Investment Banking; - Strong business knowledge, having worked directly in this business area or a supporting infrastructure unit; - Risk Management experience within First or Second lines of defence; - Experience in dealing with regulators an advantage.

Mumbai

Morgan Stanley - Vice President - Operational Risk Division Coverage 

Morgan Stanley - Vice President - Operational Risk Division Coverage  ,Job Description for Morgan Stanley - Vice President - Operational Risk Division Coverage  in Investment Bank in  Mumbai for (8-15) years of experience. Apply Now!

Job Description for Morgan Stanley - Vice President - Operational Risk Division Coverage  in Investment Bank in  Mumbai for (8-15) years of experience. Apply Now!