Assistant Vice President, Privacy Risk Job at Morgan Stanley
Assistant Vice President, Privacy Risk
Job Number:
3233131
POSTING DATE: Mar 29, 2023
PRIMARY LOCATION: Americas-United States of America-New York-New York
EDUCATION LEVEL: Bachelor's Degree
JOB: Wealth Management
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Assistant Vice President
DESCRIPTION
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 42 countries.
As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career — a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Wealth Management Risk is responsible for identifying, measuring and managing the current and emerging risks of the WM division and, in coordination with WM's Business Control Units and Second Line Risk Management and Compliance, implementing control processes and procedures to mitigate risk consistent with WM's risk appetite and governance framework
Wealth Management (WM) Privacy Risk Assistant Vice President is responsible for driving privacy implementation strategies and governance for the Wealth Management business line. The team is looking for a professional to play a key role in helping to drive consistent privacy assessment and control implementation across various business initiatives, Innovation, and M & A integration efforts. The individual will assist in partnering with stakeholders to standardize and centralize processes and implement technology controls to reduce privacy risk and improve the handling of consumer data across various lines of business. The individual will report to the Vice President for Privacy Assessments.
Key Responsibilities:
As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career — a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Wealth Management Risk is responsible for identifying, measuring and managing the current and emerging risks of the WM division and, in coordination with WM's Business Control Units and Second Line Risk Management and Compliance, implementing control processes and procedures to mitigate risk consistent with WM's risk appetite and governance framework
Wealth Management (WM) Privacy Risk Assistant Vice President is responsible for driving privacy implementation strategies and governance for the Wealth Management business line. The team is looking for a professional to play a key role in helping to drive consistent privacy assessment and control implementation across various business initiatives, Innovation, and M & A integration efforts. The individual will assist in partnering with stakeholders to standardize and centralize processes and implement technology controls to reduce privacy risk and improve the handling of consumer data across various lines of business. The individual will report to the Vice President for Privacy Assessments.
Key Responsibilities:
Collaborate closely with cross-functional teams, internal stakeholders and other control partners in Legal, Compliance and Risk to drive policy and process improvements and support alignment of Wealth Management strategic initiatives
Manage workflows over privacy impact assessments, data-sharing reviews and privacy risk gap assessments
Perform WM privacy risk assessments of WM projects and initiatives as part of the overall risk management workflow
Manage and maintain the SharePoint Project Inventory of privacy risk assessments
Identify and manage improvement of processes requiring enhancements that mitigate risk in the business and build efficiency
Effectively communicate ideas, guidance and concerns to manager, business partners, internal privacy risk team and other control partners
Create and oversee privacy controls that support the use of wealth management consumer and prospect data in strategic business initiatives and projects
Review, update and maintain standards and procedures as well as privacy-by-design diagrams and presentations
Support Risk and Control Self-Assessment exercises, internal audits and compliance assessments
Maintain strong working knowledge of requirements of global data protection laws as well as Morgan Stanley's data protection policies and standards
QUALIFICATIONS
Required Skills:
5+years of experience in a privacy operations role in one or more of the following disciplines (privacy, data security, data governance, information management or operational risk management)
Bachelor's degree in relevant field
Working knowledge of privacy laws, regulations, and privacy risks including GDPR, CCPA/CPRA, CAN-SPAM, PIPEDA, etc.
Strong attention to detail
Ability to research independently and quickly gain familiarity with privacy laws and technologies with privacy impact
Strong communication and presentation skills with the ability to speak in technical and non-technical business contexts
Good project management skills with the ability to support multiple work streams
Working knowledge of privacy management tools and solutions
Expertise in all MS Office tools, including Power Point, Excel, Project, Visio, Teams and SharePoint
Ability to nimbly pivot upon changing priorities
Preferred Skills:
Financial Industry experience
Relevant professional certifications such as CIPM, CIPP, CRISC etc.
Advanced degree in relevant field of study
Working knowledge of privacy management tools and solutions
Passionate about privacy and the protection of customers' personal information
Privacy advocate and influencer among peers and partners
Experience in supporting audit and regulatory inquiries and interactions
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).
EOE M/F/D/V Committed to Diversity
Expected base pay rates for the role will be between $85,000 and $135,000 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.
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