Morgan Stanley

Operational Risk Coverage, Vice President, Coverage Advisory

Posted On

June 27, 2025

Location

Mumbai, Maharashtra

Experience Level

Freshers/Experienced

Job Type

Permanent

Apply By

Sept. 3, 2025

Job Description

We’re seeking someone to join our team as a Vice President in Operational Risk Department with Coverage responsibility for India Global Centre. Operational Risk refers to the risk of financial or other loss, or potential damage to a firm's reputation, resulting from inadequate or failed internal processes, people, systems, or from external events (e.g., fraud, legal and compliance risks or damage to physical assets) impacting the full scope of its business activities, including revenue-generating activities and infrastructure groups.

Given the nature and breadth of operational risk, operational risks are managed at multiple levels e.g. Firmwide, as well as Regional, Business Unit, Infrastructure Group, Control Function and Legal Entity & Country levels.

The candidate will be supporting the India Global Centre across multiple departments

Operational Risk Coverage team is responsible for working with business and infrastructure units to identify, analyse, assess and challenge operational risk associated with the processes and controls relevant to each area. Coverage Officers are responsible for driving the effectiveness and embeddedness of the Non-Financial Risk Framework within the Firm's Business Units, Infrastructure Groups and Control Functions. It is an independent second line of defense providing oversight and challenge related to integrated risk management, risk identification, measurement, monitoring and remediation, and independently validating the effectiveness and consistency of risk management processes.

Since 1935, Morgan Stanley is known as a global leader in financial services, continuously evolving and innovating to better serve our clients and our communities in more than 40 countries around the world

What you’ll do in the role:

Develop in-depth understanding of the business and operational risks within designated coverage areas across India Entity
Oversight and challenge of First Line of Defense Operational Risk management (risk identification, measurement, monitoring and remediation), independently validating the effectiveness and consistency of risk management processes
Assist the divisions in highlighting their key Non- Financial Risks and management of risk levels against designated risk tolerance limits at a divisional and Firm level
Assist in the enhancement of the Operational Risk programme and embedding of the framework and standards
Carry out deep dives into material operational risk events (internal and external) and analyses of thematic and emerging operational risks
Assist in defining an evolving annual Book of Work which is regularly reviewed with the senior stakeholders
Prompt escalation to immediate manager, regional LCD and to India Senior Management for attention and management of material risk issues relating to the India
Implementation of Risk governance or its equivalent environment. Preparing Risk Dashboard and Non-Financial Risk metrics. Assist in reporting to the Board and Risk Committees
Reviewing existing processes, controls, policies, etc. and recommending enhancements in light of change in regulatory environment and other internal / external events
Coordinate with internal teams to deliver Global Center (GC)-wide projects and non-financial risk reviews
Assisting in implementation of the Firm's risk and compliance policies and procedures and dissemination of the Risk culture within the Firm's offices in Mumbai and Bengaluru
Designing training materials and conducting training sessions Skills Required

What you’ll bring to the role:

Bachelor's degree or equivalent, ideally in a quantitative discipline, Finance, Economics or similar
Minimum industry experience of 13 to 16 years, ideally in Risk Management areas with strong ethical foundation. Strong capital markets (sales and trading) business knowledge is preferred
Prior experience in risk management, or other risk/control based roles
Confidence to take ideas forward and to challenge others
Ability to anticipate and identify risks and effective mitigants
Strong Analytical skills & synthesis ability with critical mindset
Basic understanding of Microsoft Office. Excellent communication skills, both verbal and written; ability to produce concise and effective presentations
Good interpersonal skills (communication, negotiation, influencing skills, teamwork) including collaborative mindset
Strong organizational skills with the ability to multitask and prioritise; ability to meet tight deadlines
Detail oriented, self-motivated, flexible to learn and execute broader Non-financial risk requirements and able to work independently
Good understanding of banking regulation, especially relating to operational risk management, highly desirable
Experience in dealing with regulators and regulatory requirements an advantage, but not essential

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.

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.

Jobs at Mumbai

Morgan Stanley

MSET QR Strats Analytics -Index Reb…

Freshers/Experienced

Mumbai, Maharashtra

Operational Risk Coverage, Vice President, Coverage Advisory Apply Now

Job Description

Jobs at Mumbai

More Jobs at Morgan Stanley

Actively Recruiting Companies at Mumbai, Maharashtra

Operational Risk Coverage, Vice President, Coverage Advisory