Senior Associate - Fraud Analysis %26 Oversight (Operational Risk)
 Baltimore, MD

Morgan Stanley

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.

The talent and passion of our people is critical to our continued success as a firm. Together, we share five core values rooted in integrity, excellence and strong team ethic:

1. Doing the Right Thing

2. Putting Clients First

3. Leading with Exceptional Ideas

4. Committing to Diversity and Inclusion

5. Giving Back

Morgan Stanley is committed to helping its employees build meaningful careers and we strive to be a place for people to learn, achieve and grow.

Firm Risk Management

Firm Risk Management (FRM) enables Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, operational, model and other risks.

Our mission is to serve as the follow roles:

  • Independent agent to set consistent principles and disciplines for risk management
  • Strategic advisor to Firm management for setting risk appetite and allocating capital
  • Industry leader to influence and meet regulatory standards

You will collaborate with colleagues across FRM and the Firm to protect the Firm’s capital base and franchise, advise businesses and clients on risk mitigating strategies, develop tools and methodologies to analyze and monitor risk, contribute to key regulatory initiatives and report on risk exposures and metrics to enable informed and strategic decision-making. Through thoughtful analysis and clear communication we are best able to bring our ideas to the table and improve the Firm.

Firm Risk Management values diversity and is committed to providing a supportive and inclusive workplace for all employees.

Firm Risk Management’s unique franchise promotes:

  • Flat, flexible and integrated global organization
  • Collaboration and teamwork
  • Credible, independent decision-making
  • Organizational influence
  • Creative and practical solutions
  • Meritocratic and diverse culture


The Morgan Stanley Baltimore office is a critical component of the Firm`s Global footprint and has 1,400 employees that provide support and services to the Investment Banking, Securities, Investment Management and Wealth Management Businesses.

Our office at Thames Street Wharf is located in the heart of Baltimore’s Inner Harbor. Additionally, the Firm recently expanded downtown and occupies two floors at 100 South Charles in the new, up and coming neighborhood of Harbor Point, adjacent to historic Fells Point.


Morgan Stanley is seeking a dynamic and high performing associate to play a critical role within the Operational Risk Department to support the Firm in oversight and challenge of risk mitigation of internal and external Fraud focused on our online brokerage business. The successful candidate will be responsible for helping to execute independent oversight, analysis, and monitoring of risks and controls around the Firm’s Anti-Fraud program.


  • Drive oversight and challenge of Fraud Risk;
  • Support proactive challenge of fraud identification, prevention and detection controls and processes, and metrics;
  • Support review of incidents, risk and control assessments, management information, conformance activities etc. for Fraud Risk
  • Support the Fraud Risk specialist team with a focus on analyzing data sets of structured and unstructured data
  • Contribute to development of presentations for executive management and senior risk managers
  • Perform other ad hoc projects, analyses and presentation support for the Fraud Risk specialist team
  • Work collaboratively with the Fraud Risk specialist team and colleagues in the business to scope projects, define analytical approaches, establish time frames, conduct analyses and summarize conclusions in concise presentations
  • Participate in scenario analysis preparation supporting analytical approaches to estimate stress losses across a range of operational risks and a variety of business, operational and financial market conditions

Skills Required

  • Bachelor’s degree or equivalent in a quantitative discipline, Finance, Economics, Mathematics or similar
  • Approximately 4-8 years of analytics, operations or risk experience (ideally with a focus in fraud analytics, operations or risk)
  • Strong interest in and knowledge of anti-fraud programs and fraud schemes, controls, and technology, as well as risk management
  • Knowledge of the online brokerage business, including operational processes and controls
  • Excellent communication skills, both verbal and written, and an ability to present ideas concisely
  • Ability to identify opportunities to improve the fraud risk metrics and analytics program, and seek insights from data sets
  • Ability to communicate complex analytical techniques and results to layman
  • Ability to work under pressure with competing demands and challenging deadlines