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U.S Banks Affiliate Risk Vice President
U.S Banks Affiliate Risk Vice PresidentMorgan Stanley • Washington, DC, US
U.S Banks Affiliate Risk Vice President

U.S Banks Affiliate Risk Vice President

Morgan Stanley • Washington, DC, US
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U.S. Banks Affiliate Risk Vice President

The U.S. Banks Affiliate Risk Vice President position is responsible for ensuring that all covered transactions and related intercompany agreements between a Bank and its non-banking affiliates are tracked, reviewed, and managed for regulatory compliance and sustained business line relevance. This role is vital for maintaining appropriate affiliate relationships and mitigating risk.

Affiliate Agreement Inventory Management and Tracking :

  • Draft agreements and terms to memorialize recurring services or transactions between the U.S. Banks and their various non-banking affiliated.
  • Maintain a comprehensive, centralized inventory of all affiliate agreements and covered transactions.
  • Work with business lines and control functions to identify, tag, and capture all intercompany agreements subject to Regulation W.

Compliance and Oversight :

  • Review new and existing affiliate agreements to ensure they are consistent with safe and sound banking practices, comprehensive for the services provided, and conducted on market terms.
  • Develop and implement controls and procedures to address the complexities of Regulation W across intercompany agreements with different business lines and applicable pricing methodologies.
  • Serve as a subject matter expert on Regulation W and sections 23A / 23B for all relevant stakeholders.
  • Reporting and Communication :

  • Develop and prepare regular reports and metrics for senior management and the board of directors on the status of the Affiliate Agreement program.
  • Provide support for internal and external audits and examinations by preparing documentation and responding to inquiries.
  • Escalate identified compliance gaps, overdue activities, and other issues to the appropriate compliance and business leaders.
  • Collaborate with Legal, Risk, and business units to provide guidance on the development and implementation of new or modified activities and modeled transactions between the U.S. Banks and their non-banking affiliates.
  • Qualifications :

  • Bachelor's degree in Finance, Business or other related field
  • 10+ years of relevant experience in risk management, commercial contract drafting, intercompany contracting documentation and governance in the financial services industry is a plus
  • Familiar with Information Technology risks in general and Cloud technologies specifically (SaaS, PaaS, IaaS, Public & Private Cloud)
  • Demonstrate an understanding of various compliance and regulatory areas (e.g. FFIEC, NIST)
  • Strong sense of ownership, accountability, and entrepreneurial spirit
  • Strong project management, organization, communication, and analytical skills
  • Ability to manage ambiguity and bring focus with recommendations on solving tactical and strategic challenges
  • Ability to work in a fast paced environment, both independently and as part of a team, and under strict deadlines
  • Strong at identifying key control points within a process, and then provide assessment of the preventative and detective controls
  • Strong interpersonal skills - freely develops networks, builds consensus, prioritizes effectively, and develops alliances across organizations
  • Strong written and oral communication skills will be important for this role as effective communication of our role to IT, the business units, regulators, and our vendors is critical
  • 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.

    Expected base pay rates for the role will be between $110,000 and $190,000 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's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

    It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership / union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

    Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M / F / Disability / Vet).

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