Executive Director, EMEA Head Business Disruption and Resilience and Third Party Non-Financial Risk (PT-JR015940)

Role: Executive Director, EMEA Head Business Disruption and Resilience and Third Party Non-Financial RiskLocation(s): London, UK, Budapest, HU, Glasgow, UK 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. Background on the Position The role will reside within the Non-Financial Risk Department with primary responsibility for Business Disruption and Resilience Compliance and Risk Management (collectively BDR NFR) and Third Party risk coverage for the EMEA region. The role will report into the Global Head of Third Party and BDR NFR with local reporting into the EMEA Head of Operational Risk Management. The individual will partner closely with the Firm and other regional and legal entities' heads of Third Party and BDR to collectively set standards and implement the global framework locally. There is a need to drive evolution and transparency of the underlying frameworks managing BDR risk and regulatory compliance, support adoption of industry leading practices and technologies, and introduce new controls and processes to bolster the existing frameworks. The individual will play a critical strategic role in driving risk management and compliance activities, which will include work on regulatory interpretation and rule mapping to framework, risk metrics, deep dives and analyses, concentration and risk assessments. The individual will also support adoption of these risk management activities within the framework, standards, methodology, while driving day-to-day oversight of these risks across the Firm's business units and support functions. Primary Responsibilities * Manage BDR and third party risk and regulatory identification, measurement, and escalation in support of senior EMEA and firm leadership * Help adopt Firmwide risk appetite and tolerances for losses and incidents caused by the Firm's use of third parties or through business disruption involving Firm assets and monitor and report performance against established tolerance levels * Provide regional modifications to Firm framework considering local regulatory and senior management expectations * Contribute to regulatory compliance mapping against policies and procedures, acting as regional subject matter expert and maintain change management process for new and emerging regulations * Oversee first line outsourcing program and advise and challenge regulatory compliance * Develop regional presentations for executive management, senior risk managers and regulators, including helping to prepare reporting to boards and risk committees * Lead reviews and challenge other reviews of material operational risk events and analyses of thematic operational risks stemming from third parties or BDR * Collaborate with 2LOD partners to establish appropriate metrics and analytical tools to support the measurement of risks * Lead and manage scenario analyses activities where significant and emerging risks are assessed * Oversee risk assessments performing critical analysis as necessary and monitor data used to identify heightened risk and help develop risk remediation requirements * Work closely with second line regional and firm counterparts and leads of other risk areas, such at Cyber to ensure alignment of strategic risk management initiatives * Partner with the first line programs and Business Units to develop a perspective on BDR and third party risks and ensure consideration of evolving regulatory expectations * Work collaboratively in a high performing global team responsible for identifying, assessing, reporting, and capturing risk information * Build solid relationships across divisions and control groupsExperience Required * An undergraduate degree (B.A., B.S., or equivalent) required * Ten or more years of relevant Financial Services risk management experience; exposure to sourcing / procurement, supply chain risk management preferable * Solid understanding of third party and BDR related regulations and industry frameworks, especially relating to operational risk management * Strong knowledge of business disruption controls, including continuity planning, system and data recovery * Strong risk, process, and control validation and/or assessment skills - a prior role within consulting, second line or internal audit covering risk processes is desirable * Comparable experience in supply chain or BDR risk management within non-Financial Services will also be considered, for example aviation, automotive, e-commerce, government, manufacturing * Familiarity with relevant Banking, Financial Holding Company and securities regulations * Ability to work on challenging assignments in a dynamic environment, synthesize information, distill relevant facts and reach logical conclusions * Demonstrated ability to: prioritize competing responsibilities, work under pressure, meet challenging deadlines and can build and maintain effective business relationships * Ability to work in a team environment, building and maintain a network of contacts and coordinating with many stakeholders * Proven ability to anticipate and identify risks and identify effective mitigation * Strong analytical and problem-solving skills * Solid understanding of technology related regulations and industry frameworks, especially relating to operational risk management * Strong organization skills with the ability to multitask and prioritize; ability to work under pressure and to tight deadlines * Excellent communication skills, both verbal and written; ability to present ideas concisely and persuasively with tailoring to technical and non-technical audiences * Proficient in MS Office applications (e.g., Word, Excel, PowerPoint) Morgan Stanley is committed to creating and providing opportunities that enable our workforce to reflect diverse backgrounds and views.WHAT YOU CAN EXPECT FROM MORGAN STANLEY:We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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 https://www.morganstanley.com/about-us/global-offices into your browser.Certified Persons Regulatory Requirements: If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks. Flexible work statement Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more. Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.