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Ops Specialist, Risk Mgmt (Operations)

Location
Hong Kong
Job Type
Permanent
Posted
16 Sep 2022
The Operations Risk & Regulatory Control (ORRC) Division is a global team responsible for Operational Risk & Regulatory Governance, Control (Balance Sheet Control), Regulatory Reporting (Disclosure of Interest), Client Money, Transaction Reporting, and CTB Projects. The Division has over 150+ team members across the Firm, with the majority residing in Baltimore, Glasgow, Hong Kong, Mumbai and Tokyo.

We currently have an opportunity within the Operational Risk & Regulatory Governance Support (ORRGS) team. ORRGS is tasked to ensure that the Firm has a sound operational risk management culture and practice across all Operational divisions and regions. 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 impacting the full scope of its business activities, including revenue-generating activities and infrastructure groups.

ORRGS is tasked to:
- Ensure adequate controls are in place to mitigate Operational Risk across Operations and to protect the firm from such risks
- Assist in embedding an Operational Risk culture throughout Operations to promote transparency and disclosure
- Promote best practices to assist Operations in the management of Operational Risk
- Ensure that requirements of investors, senior management and regulators are adequately met
- Report to Boards and Senior Management on operational risk issues

We are looking to attract a senior recruit to the Asia ORRGS team, with coverage responsibilities for actives such as: Regulatory inspection and inquiry coordination; Regulatory Change Management Governance; Material Service Entity (MSE) governance; Operational Risk reporting; as well as driving risk initiatives relating to Operational Risk and Regulatory Controls.

Primary responsibilities:
- Regulatory inspections and inquiry coordination for Asia Operations
- Regulatory Change Management Governance for Asia Operations. Responsibilities include:
Perform an advisory role related to local market regulations, firm policy & procedures, system dependencies and best practices.
Promote risk education and awareness and provide senior management summaries as appropriate.
Build strong relationships with senior Operations, Technology, Business and Compliance stakeholders across the region to drive continuous improvement of risk governance and processes.
- Material Service Entity (MSE) governance provides support to MSE Operating Committee (OpCo) and Firmwide Shared Services Governance (FSSG) committee. Responsibilities include:
Supports FSSG in their global operational oversight and coordination of critical shared services provided by the MSE network
Monitor and Report Service Company Principles and exceptions
Execute controls to ensure adherence to Service Company Principles
Develop FSSG & MSE OpCo Meeting Materials and Minutes
Conduct FSSG committee & MSE OpCo Tabletop Exercises
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Details

  • Job Reference: 713374922-2
  • Date Posted: 16 September 2022
  • Recruiter: Morgan Stanley
  • Location: Hong Kong
  • Salary: On Application
  • Sector: HR / Recruitment
  • Job Type: Permanent