Vice President TPPM EMEA Regional

Vice President TPPM EMEA Regional

Job Number:

3231759

POSTING DATE: Mar 7, 2023

PRIMARY LOCATION: Europe, Middle East, Africa-United Kingdom-United Kingdom-London

EDUCATION LEVEL: Bachelor's Degree

JOB: Finance

EMPLOYMENT TYPE: Full Time

JOB LEVEL: Vice President

DESCRIPTION

About us:

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 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 Management

The Third-Party Program Management (TPPM) group is a dedicated first line of defence 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:

Enable a firm wide Third-Party Risk Management (TPRM) program based in first line of defence

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

About the Role:

Role: Vice President, TPPM EMEA Regional Coverage

Location: London, UK

Reports to: Executive Director, TPPM EMEA Regional Lead

Scope: Third Party Risk Management

Primary Responsibilities:

The role will be responsible for leading the EMEA TPPM’s Risk and Reporting team to facilitate identification and management of Third-Party risks in accordance with the Firm’s TPRM Framework in the region. The job holder will lead a small regional team to support Morgan Stanley’s Business Units to manage Third Party risks and maintain Third Party arrangements in compliance with the Firm’s internal policies, external rules, and relevant regulations on all aspects of Third Party and outsourcing risk management.

Specific responsibilities include:

Support Morgan Stanley’s Business Units in identifying and managing Third Party risks in accordance with the Firm’s TPRM framework, coordinating with other functional and regional TPPM teams as required

Develop and maintain regional Third-Party risk management procedures in adherence with regulations, policies, and standards

Monitor and assess Business Units’ adherence to policies, standards, and procedures

Identify and escalate risks and issues for resolution, escalating to the Regional and Global Head as appropriate, and work with the Businesses and Support Functions to investigate, manage and mitigate

Design and produce risk reporting for senior management and governance committees

Design and implement enhancements to the Third-Party risk management framework to address new requirements, identified improvements and thematic issues

Track, investigate and report on Third Party incidents and events which impact or pose a risk to Morgan Stanley, coordinating with global TPPM teams and impacted Business Units

Review proposed new, and changes to existing, outsourced services and partner with Business Units to ensure required procedures are followed standards are met

Contribute to a strong leadership presence in the region by establishing, prioritising and coordinating Third Party related projects; driving continuous improvements to the controls and efficiency of processes; and supporting Third Party risk and outsourcing related dialogue and reporting to regulators

Oversee the EMEA TPPM Risk and Reporting team, reviewing achievements against defined metrics to assess effectiveness of the organization

QUALIFICATIONS

Qualifications / Skills Required:

The successful candidate will have a minimum of 10+ years’ experience in areas related to internal control and risk management, including Third Party and outsourcing risk. Strong organization skills with the ability to multitask and prioritize; ability to work under pressure and to tight deadlines

More specifically, skills ought to include:

Experience in Global Banking or Financial Services organizations, preferably in roles relating to Internal control and risk management

High level of proficiency in Microsoft Excel, proven ability to work with large volumes of data

Strong analytical capabilities along with the ability to translate data analysis into actions and results for Senior Management

Excellent English writing skills with ability to flex messaging to audience is required

Strong project management skills, including ability to coordinate with cross-functional teams across the globe with varied backgrounds and skills

Excellent communication and presentation skills and proven ability to effectively interact with team members, Business Units, and peers, earning their trust and establishing credibility

Strong understanding of regulatory requirements for managing Third Party and outsourcing risk in Financial Services organizations is a must

Experience in developing and maintaining process and procedural documentation is a must

Bachelor’s degree or equivalent combination of training and experience

Strong proficiency in Microsoft PowerPoint and Word is a must

Ability to work in a global team environment, building and maintaining a network of contacts and coordinating with a large number of stakeholders