EORC Shanghai, Operational Risk Specialist, Analyst / Associate recruitment
Position Category: Risk Management
Position Title: EORC Shanghai, Operational Risk Specialist, Analyst / Associate
Job Level: Associate/Sr Associate
Location: China - Shanghai
Education Required: Bachelors Degree
Position Description:
Enterprise Operational Risk and Control (EORC) is tasked to ensure that the Firm has a sound operational risk management culture and practices across all divisions and regions. This role is part of the Firm-wide Operational Risk program covering all aspects of Operational Risk across all divisions in Morgan Stanley in the Asia region. EORC is responsible for partnering with the Business Units and other functional areas as the first line of defense for operational risk management, and is considered the delivery arm of operational risk for the Firm.
The selected individual will focus on the Strategic Ops Risk Incident Data Capture Program, and specifically on the loss data validation effort. Frequent communication and coordination with the Operational Risk Department, Internal Audit, Legal and Compliance, Finance, and regional (Americas, EMEA, Asia) EORC counterparts.
Key responsibilities for this role would include:
• Centrally manage firm-wide loss data validation effort, ultimately in a real-time environment; store evidence and track progress against targets, escalating when necessary
• Working with Operational Risk Department (ORD) and senior management, to improve design, content and efficiency of Operational Risk management reporting to various oversight committees such as Asia Operational Risk Committee (Monthly), country operational risk committees, and Executive Management;
• Perform operational risk report generation adherence to Operational Risk reporting procedure
• Ongoing review assessment of Operational Risk Incidents and associated Action Plans, including thematic and root cause analysis and review of incident post-mortems
• Operational Risk Incident, action plan verification for 'significant' incidents
• Develop Operational Risk Metrics program as well as ongoing review, assessment collection of Key Risk Indicators
• Operational Risk analysis of data collected to identify key risk themes from the various data sources (incidents, indicators, assessments etc)
• User training for risk systems in the region (RITA, RADAR)
• Coordinate/assist facilitate self assessment programs (RCSA, targeted risk reviews)
• Participate and provide input to highlight any operational risk requirement in accordance with business and regulatory requirements that relates to internal controls and operational risk management; Implement/ execute the Firm-wide Operational Risk related projects and initiatives as required
• Drive team to meet deadlines and deliver top-quality, detailed work product
Skills Required:
Candidates will be expected to demonstrate the ability to act with integrity, and maturity. Flexibility is a key element as is the ability to understand and react to changes in senior management's priorities.
Candidates should be able to plan and coordinate several tasks at any one time.
Candidates will be expected to set and achieve deadlines for each deliverable. Attention to detail and quality of presentation is a must, especially since the reports produced will be used by senior management to assess their level of risk.
Sound communication skills are required to enable effective interaction with all levels of the organisation and to coordinate/facilitate meetings. It will also be important to have excellent team work skills, given that coordination is required across global and virtual teams.
Ability to actively and proactively engage with key stakeholders (i.e., not afraid to speak up).
Exceptional organizational skills, a high degree of attention to detail and a penchant for getting to the root cause of an issue.
The role will require liaison and working with colleagues in other regions.
Ability to communicate in English is required, another Asian language is preferable.