EMEA Risk Data Lead - Executive Director

Firm Risk Management

Firm Risk Management (FRM) supports Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, model and other risks.

Background on the Position

The role will reside within the Morgan Stanley Risk Data team within the Firm Risk Management (FRM) function. Risk Data is responsible for the development, management and promotion of data quality and data governance standards, and for monitoring the Risk Data Domains (e.g., Credit Risk, Market Risk and Liquidity Risk) to evidence compliance with internal data governance policies and procedures, and with the BCBS 239 Principles. Risk Data provides strategic partnership across FRM and Firmwide divisions to enhance risk data management and governance.

The team collaborates across FRM functional and data teams, including Risk Domains, Risk Reporting, divisional Technology teams, Data Quality Governance Councils (DQGCs), the Firmwide Data Office (FDO), the Data Governance Office (DGO), other Divisional Data Offices (DDOs) within Morgan Stanley and subject matter experts (SMEs), to oversee the management of data owned and/or consumed by FRM.

The team is responsible for contributing and ensuring alignment to the Global Data Quality Policy and related standards, developing procedures to implement these policies within FRM, and reviewing proposed country, legal entity or risk domain-specific Risk Data policies or procedures to ensure alignment across FRM and with firmwide requirements.

Risk Data seeks an Executive Director to lead data quality related strategic initiatives for the FRM function. The selected candidate will lead the regional team and partner with the Global Risk Data team. The candidate will also partner with FRM Risk Domains, Risk Reporting and Technology teams to develop and drive strategic solutions to improve data governance, data quality management, process effectiveness and efficiency, and to address data quality and data management challenges across FRM.

The role includes responsibility for data strategy development and oversight for the division, as well as data risk management framework development and implementation oversight. The team's remit also includes developing and maintaining frameworks aligned to evolving regulatory requirements, including BCBS 239, and liaising with Technology to drive data governance, control and technology dependent initiatives in alignment with these frameworks, including Data Architecture, Data Issue Management and Data Lineage programs.

Primary Responsibilities

• Lead the regional team to drive execution of data initiatives and deliverables for compliance with the Global Data Quality Policy and BCBS 239 requirements across FRM.
• Drive development of BCBS 239 framework to support adherence to evolving regulatory standards, including assisting strategic enhancements.
• Govern and advise risk domains to identify and document data ownership, data authorities and data quality controls for prioritised data.
• Enhance and implement procedures for implementation of Global Data Quality Policy in FRM and influence changes or updates to policies, procedures and/or processes as needed to ensure adherence.
• Coordinate and confer with Subject Matter Experts to interpret and apply BCBS 239 framework requirements in a practical, operational and regulatorily compliant manner, and lead analysis to provide senior management with insightful, thoughtful recommendations.
• Drive BCBS 239 requirements in Technology-dependent initiatives, including Data Architecture, Data Quality and Data Lineage, and manage a global team of direct and indirect resources focused on BCBS 239 framework design and Technology business requirements.
• Liaise with other stakeholders in the firm on data quality and data management issues and provide inputs to improve the overall data governance framework in the firm.
• Identify opportunities for process improvements and efficiencies and lead execution of these initiatives.
• Provide detailed guidance and perform critical review of work products being produced by the team.
• Engage with senior leaders, auditors and regulators to provide insight and clarity around Risk Data Strategy and firmwide or FRM led- initiatives.
• Lead coordination, management and preparation for internal and external examinations, track and monitor audit deliverables, and develop and maintain a strong BCBS 239 control framework.

• Manage staff through leadership, provide oversight, mentor and coach junior team members.

• Bachelor's degree or equivalent.
• 15+ years' work experience within the Financial services industry, with experience in risk reporting, risk management and/or data governance.
• Strong understanding of risk management concepts and financial products, particularly with respect to commercial financial market data.
• Knowledge and exposure to US, EMEA and UK financial regulations including BCBS 239 and Basel III pertaining to risk data aggregation/reporting.
• Proven track record in managing and delivering change initiatives impacting data governance, processes and organization, including experience driving business requirements in Technology initiatives.
• Good understanding of process control, monitoring mechanisms and operational risk in the financial services industry.
• Strong analytical and writing skills necessary for developing guidelines and standards, with a view to adopting or establishing industry best practices.
• Strong organizational skills with an interest in working in a fast-paced environment, often balancing multiple high priority deliverables.
• Ability to communicate effectively with a wide range of stakeholders, both written and verbal.
• The ability to work independently in a self-directed way in a collaborative, team-orientated environment.
• Attention to detail and ability to provide information in usable formats (proficiency in Microsoft office, including Excel, PowerPoint and Word).