Morgan Stanley

Director

Posted On

Oct. 9, 2024

Location

Mumbai, Maharashtra

Experience Level

Freshers/Experienced

Job Type

Permanent

Apply By

Jan. 29, 2025

Job Description

Summary
Responsible for supervising and executing the internal controls testing program within the first line Business Risk Management team covering Morgan Stanley Private Bank, NA and Morgan Stanley Bank, NA. This position will assist in oversight and build out of the offshore team supporting the 1LOD Bank Validation team. Bank Validation team is responsible for the evaluation of the design adequacy and effectiveness of Bank related internal controls, to include remediation of control deficiencies cited by internal or external examinations.

Responsibilities
> Execute design and operating effectiveness testing of operational controls identified by Bank management, which could include financial, technology, and/or compliance components
> Perform first-level review the preparation of work papers, schedules, and summaries documenting testing and issues identified with a high level of quality and in accordance with US Banks procedures
> Validate remediation of control deficiencies self-identified by management or by the testing team
> Proactively manage offshore testing team to the annual test plan and communicate roadblocks or delays as appropriate
> Track and report key project milestones and metrics to senior management, Board and regulators as needed
> Participate in risk and control change management projects with management and provide recommendations for improvement
> Support ad-hoc Bank management initiatives in collaboration with second and third lines of defense
> Mentor /Train junior team members in terms of personal development, oversee production to ensure deliverables are on time and are of high quality, and provide timely feedback.

Requirements
> CAs, Bachelor's degree in Accounting, Finance, Economics, or related field is required
> 5-9 years relevant experience in relevant experience in public accounting, internal audit or similar risk / testing function, minimum of two years in financial services
> Experience in managing a team of 3-4 FTEs is a plus
> Supervisory experience managing associates and projects required
> Strong risk and control mindset with outside-the-box thinking
> Strong oral and written communication skills
> Ability to leverage and analyze data to inform focus and views on risk
> Strong analytical and problem-solving skills
> Ability to build and maintain professional relationships with key stakeholders/process owners
> Self-starter who is able to work independently on multiple tasks; efficient time management skills and attention to detail
> Possess strong sense of ownership/accountability
> Demonstrates positive attitude and comfortable working in a very fast paced environment
> Proficient with Microsoft Office products.

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.

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