We're seeking someone to join our team as a Third Party Inventory (TPI) Director to support the delivery of a complete and accurate TPI. This Director will be responsible for overseeing operations, including an outsourced team, which ensures third parties subject to due diligence underwent such due diligence via robust analytics and workflow management encompassing both preventative and detective controls.
In the Corporate Services division, we provide solutions that enable Morgan Stanley's workforce, across our global workplace locations, to effectively and efficiently work in the service of our clients. Sourcing / Procurement is responsible for procurement (e.g., purchasing and supply chain activities), as well as vendor management (e.g., business requirements gathering, sourcing strategy, competitive and market assessments, negotiation, contracting, and relationships associated with outsourced services).
Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions, and individuals around the world achieve their financial goals.
What you'll do in the role:
>Oversee the TPI outsourced team to ensure the execution of detective and preventative controls is adhered to. This includes assisting with quality assurance, resolving escalations, monitoring and ensuring adherence to KPIs.
>Partner across Third Party governance groups to provide transparency into any Third Party Program breaches found as result of detective/preventative controls monitoring.
>Independently work with and influence stakeholders on TPI concepts as well as bringing workflow exceptions/data remediations to closure - or escalating where appropriate.
>Determine/analyze underlying data, sources, associated trends and end to end workflows to recommend and implement areas where preventative and detective controls can be further automated and streamlined.
>Remain up to date on and provide recommendations/implement solutions for driving Third Party controls aligned with best in class industry benchmarks.
>Create and track practical and comprehensive implementation plans and partner with Technology to test and introduce system changes and enhancements to TPI.
>Translate complex business processes and concepts into simplified presentations for various organizational levels to digest.
>Collect, organize, and analyze information with attention to detail and accuracy; analyze root cause of why certain due diligence requirements were not adhered to and recommend /lead solutions.
What you'll bring to the role:
>Minimum 8 years of relevant experience and Bachelor's degree.
>Knowledge of General Ledger Accounts as it relates to Third Party Expenses.
>Familiarity/Interest in concepts relating to Third Party Risk.
>Analytical skills with experience in using objective data to drive strategic recommendations.
>Experience in collecting, analyzing and synthesizing large and complex datasets.
>Excellent communication (written and verbal) skills and proven ability to effectively interact and collaborate across all levels and regions of the Firm.
>Client management and teamwork skills: Demonstrated ability in being flexible and working with stakeholders and colleagues at all experience levels, as well as external counterparts.
>Proficiency with Microsoft Office tools with a heavy focus on Excel.
>Industry experience with sourcing, procurement (preferred).
>Knowledge of BI tools such as SQL and Tableau (preferred).
>Experience with Accounts Payable and expense management data (preferred).
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 85 years. At our foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. Our Firm is differentiated by the caliber of our diverse team, while our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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.
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise 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.