VP, Operations & Finance Operational Risk Coverage Lead

We're seeking someone to join the Wealth Management (WM) Operational Risk team as the Operations, Finance, and Strategic Initiatives coverage officer. The role will reside within 2nd line Non-Financial Risk's (NFR) Operational Risk Department (ORD).Operational risk is defined as the risk of loss or impacts resulting from inadequate or failed internal processes, people and systems or from external events. The Firm may incur operational risk across the full scope of its business activities, including revenue-generating activities (e.g., fund investment) and control groups (e.g., information technology and fund administration).The role as the Operations and Finance Operational Risk coverage lead is to partner with Wealth Management business and control groups to provide independent guidance on execution of business activities, strategic programs, and initiatives; ensure operational risk policies and procedures are executed as intended; and conduct independent oversight activities such as proactive risk reviews. This individual will play a critical strategic role in driving risk management activities and adoption of risk management framework across Operations and Finance. This role sits in the 2nd Line as part of ORD's WM coverage organization; as such, a key enabler for success will be the ability to establish strong relationships with partners in the 1st Line WM Risk and Business functions, while maintaining a healthy voice of independent challenge.What you'll do in the role:- Partner with Wealth Management (WM) Operations and Finance, and serve as the second line subject matter expert for Operations and Finance operational risk matters- Play an active role in the oversight of key Operations and Finance initiatives through direct engagement with functional stakeholders and participation in relevant committees and working groups- Coordinate coverage of Operations and Finance-led strategic initiatives across ORD WM Coverage, cross-divisional Operational Risk Coverage (e.g., Fraud, Cybersecurity, Technology, Information Security, Third Party), and Compliance to ensure an integrated 2nd Line approach- Advise on Operations and Finance related process and control design as well as remediation efforts; oversee and monitor losses and impacts related to WM's Operations and Finance functions- Assess operational risk impacts of the Operations and Finance functions via non-financial risk assessments, incident reporting, capital requirements, etc.- Perform Deep Dives, Targeted Risk Assessments, and Lessons Learned exercises on material operational risk events (internal and external) and analyses of thematic operational risks- Work collaboratively in a high performing global team responsible for identifying, assessing, reporting, and capturing operational risk information- Drive a no surprises approach in ensuring that operational risks are well known and understood Experience & QualificationsWhat you'll bring to the role:- 5+ years of work experience in Operations, Finance, Audit, Compliance, or Risk Management- Strong understanding of Operations and Finance processes including corporate actions, clearing, settlement, books and records, CAT / TRACE / MSRB reporting, as well as associated rules and regulations- Understanding of operational risk management concepts (e.g., RCSA/NFRA, Issues identification and remediation, operational loss events)- Self-starter with the ability to independently formulate and execute new ideas, and to critically evaluate risks- Strong communication and organization skills with the ability to multitask and prioritize; ability to work under pressure and tight deadlines- Demonstrated ability to collaborate across multiple functional areas while maintaining suitable independence and effective challenge- Bachelor's degree or equivalentWHAT YOU CAN EXPECT FROM MORGAN STANLEY: At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 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. To learn more about our offices across the globe, please copy and paste into your browser.Expected base pay rates for the role will be between $108,000 and $185,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.For more information, please visit: .Employment Type:Full timeJob Level:Vice PresidentPosted Date:Apr 24, 2026ATS Job Description Test:Department:Coverage Advisory