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Vendor Oversight Risk Associate

AT Morgan Stanley
Morgan Stanley

Vendor Oversight Risk Associate

Direct and facilitate for the Business Unit, to ensure, all divisional suppliers with services in scope for Third Party Risk Management are logged and updated in Firm risk assessment platforms. Collaborate with stakeholders in the design and implementation of tooling to support the Non-Financial Risk team and assist in the development of procedures and documentation. Assist with the review of vendors for the divisions third-party preselection process and onboarding of services into Firm tooling. Oversee and enforce divisional compliance with Firm third-party requirements as Third-Party Single Point of Contact. This is inclusive of issue tracking and remedial efforts, providing feedback for ongoing improvement, and supporting other related initiatives. Assist in the implementation and coordination of divisional third-party strategy in conjunction with business including developing procedures and processes. Assist with providing Program training provided to new Service Owners and the change control process for changes to third-party program processes/procedures, systems and reporting or data. Coordinate with the Firm Due Diligence Groups and Control Groups to confirm that appropriate due diligence, risk assessments and any corresponding remedial actions are complete. Develop and provide reporting to provide visibility into status of active Third-Party Services as well of services undergoing onboarding or termination. Assist with coordination of significant Third Party-related incidents as required. Partner with our broader NFR team to align on stakeholder communication, resolve conflicts and manage risk, issue, and dependency escalations. Build a career with impact. Bachelor's degree in business, finance, economics or other disciplines demonstrating both quantitative and qualitative analytical skills 2-4 years of relevant experience in financial services industry, or other highly regulated industries preferable Out of which 1-2 years of experience in Third-Party supplier management or related risk (eg. NFR risk) experience is preferred Excellent communication (in English), presentation and stakeholder management skills Ability to analyse data, extract key information and craft a risk view for presentation to senior management Ability to be flexible, adjust to changing priorities and unforeseen events, and proactively adjust strategy and approach Good project management skills are a plus Proficiency in MS Office and related applications (PowerPoint, Excel, Word) 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. 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. 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? Speak to our recruitment team to find out more. 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. Internal Applicants Internal mobility can be a way to grow your career and realize your professional potential. Typically, you must be in your position for at least 18 months and performing satisfactorily before applying for another job at the Firm. Internal applicants can find out more regarding career navigation, mobility guidelines and policy on our employee portal by clicking here.

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Job ID: Morgan-549782945383
Employment Type: Other

Perks and Benefits

  • Health and Wellness

    • Health Insurance
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • Short-Term Disability
    • Long-Term Disability
    • Fitness Subsidies
    • On-Site Gym
    • Pet Insurance
    • Mental Health Benefits
    • FSA
    • Virtual Fitness Classes
    • HSA
  • Parental Benefits

    • Fertility Benefits
    • Adoption Assistance Program
    • Family Support Resources
    • Return-to-Work Program
    • Birth Parent or Maternity Leave
    • Non-Birth Parent or Paternity Leave
    • Adoption Leave
  • Work Flexibility

    • Hybrid Work Opportunities
  • Office Life and Perks

    • Commuter Benefits Program
    • Company Outings
    • On-Site Cafeteria
    • Holiday Events
  • Vacation and Time Off

    • Paid Vacation
    • Paid Holidays
    • Leave of Absence
    • Volunteer Time Off
    • Personal/Sick Days
  • Financial and Retirement

    • 401(K) With Company Matching
    • Stock Purchase Program
    • Performance Bonus
    • Relocation Assistance
    • Financial Counseling
  • Professional Development

    • Tuition Reimbursement
    • Promote From Within
    • Mentor Program
    • Access to Online Courses
    • Lunch and Learns
    • Work Visa Sponsorship
    • Leadership Training Program
    • Associate or Rotational Training Program
    • Internship Program
  • Diversity and Inclusion

    • Diversity, Equity, and Inclusion Program
    • Employee Resource Groups (ERG)