Morgan Stanley

1LOD Validation_ US banks (Wealth Management): Job Level - Director

Posted On

March 12, 2025

Location

Mumbai, Maharashtra

Experience Level

Freshers/Experienced

Job Type

Permanent

Apply By

April 23, 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.

Qualification Required:

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.

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. We 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.

We're committed to bringing passion and customer focus to the business.

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize 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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