Morgan Stanley is a global financial services firm that maintains significant market positions in each of its business segments Institutional Securities, Wealth Management, and Investment Management. Morgan Stanley, through its subsidiaries and affiliates, provides a wide variety of products and services to a large and diversified group of clients and customers, including corporations, governments, financial institutions, and individuals. Institutional Securities provides a variety of products and services to corporations, governments, financial institutions, and ultra-high net worth clients. Wealth Management provides a comprehensive array of financial services and solutions to individual investors and small to medium-sized businesses and institutions covering: financial advisor-led brokerage and investment advisory services; self-directed brokerage services; financial and wealth planning services; workplace services including stock plan administration; annuity and insurance products; securities-based lending, residential real estate loans and other lending products; banking; and retirement plan services.
Summary
Responsible for supervising and executing the internal controls testing program within the first line Operational Risk Management team covering Morgan Stanley Private Bank, NA and Morgan Stanley Bank, NA, to include business and IT controls. This position will assist in oversight of the team responsible for the evaluation of the adequacy and effectiveness of Bank related internal controls, to include remediation of control deficiencies cited by internal or external examinations.
Responsibilities: â?¢ Execute design and operating effectiveness testing of operational controls identified by Bank management, which could include financial, technology, and/or compliance components â?¢ Supervise and review the preparation of work papers, schedules, and summaries documenting testing and issues identified with a high level of quality â?¢ Validate remediation of control deficiencies, internal audit findings, Matters Requiring Attention (MRAs), etc. â?¢ Proactively manage the control testing program to the project plan and communicate roadblocks or delays as appropriate â?¢ Track and report key project milestones and metrics to senior management, Board and regulators as needed â?¢ Participate in risk and control change management projects with management and provide recommendations for improvement â?¢ Support ad-hoc Bank management initiatives in collaboration with second and third lines of defense
Required skill/Experience: â?¢ Bachelor's degree in Accounting, Finance, Economics, or related field is required â?¢ 5-8 years relevant experience in relevant experience in public accounting, internal audit or similar risk / testing function, minimum of two years in financial services â?¢ Strong risk and control mindset with outside-the-box thinking â?¢ Strong oral and written communication skills â?¢ Ability to leverage and analyze data to inform focus and views on risk â?¢ Strong analytical and problem-solving skills â?¢ Ability to build and maintain professional relationships with key stakeholders/process owners â?¢ Working knowledge of key US banking regulations â?¢ Working knowledge of data, application, IT general and end user computing controls
Preferred Qualifications: â?¢ CPA, CIA or CISA designation preferred (or progress towards)
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.
*Expanded legislation requires that roles that sit in other state locations, but report to a manager in NY, must have the above language included in postings with the pay scale reflective appropriately to the location where the role will be sitting.
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).