Data Quality Governance Data Risk AVP
POSTING DATE: Jul 13, 2023
PRIMARY LOCATION: Americas-United States of America-New York-New York
EDUCATION LEVEL: Refer to Position Description
JOB: Other
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Assistant Vice President
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 43 countries.
In this role, the AVP (Assistant Vice President) will support the U.S. Banks Data Quality Program for driving compliance with the Firm’s Global Data Policy and procedures as well as implementing the Firm’s Sensitive Data Program and other similar firm wide data programs for the U.S. Banks Line of Businesses on Wealth Management (WM), Institutional Securities Group (ISG) and legacy E*TRADE Banks.
This role requires regular interaction with business product partners, technology, firm data divisional offices, compliance, Second Line Risk and Audit.
Responsibilities Include:
Data Risk Management:
Execute Global Data Policy requirements to ensure compliance of Prioritized Data for US Banks including but not limited to:
- Data Ownership: Identify data ownership for prioritized data
- Data Authorities: Identify authoritative source and Authorized Distributors for prioritized data
- Data Sourcing: Identify consumers of bank data and promote usage of authoritative data sources
- Data Quality: data issue tracking and reporting as well as data quality rule implementation and monitoring
- Data Cataloging: Capture Prioritized data and definitions in firm repository
Collaborate with Firm Data Office and WM Data Divisional Office to catalogue prioritized data initiatives.
Coordinate with stakeholders to educate and empower the Data Roles to perform their roles and responsibilities by providing training, tools and solutions to use.
Issue Management:
Data related issues are problems due to a process, technical, or control deficiency impacting data Consumer’s effective use of data in key processes/reports such as risk, regulatory and financial reporting.
- Support product, business, and risk partners in identifying data related issues and report in firm approved tool for tracking and resolution. Coordinate with consumers and data/control owners to triage data related issues in key processes and reporting.
- Monitor Data Quality exceptions on controls and report to stakeholders for timely review and resolution.
Sensitive Data Program:
The Sensitive Data Program ensures sensitive data is appropriately protected through its entire lifecycle to minimize the risk of data loss (e.g., PII (Personally Identifiable Information)).
- Engage in various workstreams that support the closure of control gaps such as maintaining an inventory of sensitive data elements in a firm repository and support annual review and attestation.
General:
- Establish consistent processes to effectively expand the Data Quality Governance / Data Risk oversight in WM, ISG and legacy E*TRADE Banks.
- Lead the development of metrics and dashboards for periodic Senior Management reporting in various forums including the U.S. Banks Data Quality Governance forum.
- Document and maintain procedures and desktop procedures.
Required Experience
- Minimum 5+ years of experience in financial services
- Bachelor’s Degree required
- Advanced proficiency in Microsoft Office tools such as Microsoft Excel, PowerPoint, Excel, Outlook, Word, Visio, etc.
- Strong analytical skills with a focus on remediating data issues.
- Experience with data management and governance, data quality, data analysis, data lineage processes are a distinct plus.
- Ability to collaborate with cross-functional stakeholders.
- Strong listening skills and verbal/written communication.
- Strong attention to detail and the ability to handle, prioritize multiple tasks and projects concurrently.
- Highly motivated / self-starter with a sense of accountability & ownership, willingness to learn, and ability to work independently.
Expected base pay rates for the role will be between $80,000 and $125,000 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).