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Associate

Morgan Stanley
Mumbai, Maharashtra
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16 hours ago
Full–time
Bank Non-Financial Operational Risk Compliance Testing

Division: Legal & Compliance

Location: Mumbai (NKP) Job Level: Associate

Company Profile

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.

As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

Department Profile

Legal and Compliance

Legal & Compliance Division (LCD) comprises of Legal, Compliance, Global Financial Crimes and Regulatory Relations.

The Legal Department provides guidance, requirements, and procedures for understanding and complying with the laws, regulations and Firm policies that apply to our businesses.

The Global Compliance Department identifies applicable Compliance Obligations and maintains a Firmwide Compliance Risk management program, including Compliance Risks that transcend business lines, legal entities and jurisdictions of operation.

Global Financial Crimes is responsible for the development and governance of the Firm's financial crime prevention efforts across all regions and business units. Global Financial Crimes is comprised of the Anti-Money Laundering (AML), Sanctions, Anti-boycott, Anti-Corruption (ACG), Government, and Political Activities Compliance (GPAC) programs.

The Global Regulatory Relations Group (GRRG) is responsible for strategic and centralized management of the supervisory activities of Morgan Stanley's regulators and related developments globally, with a focus on regulatory reviews and examinations and continuous monitoring activities. GRRG serves as the central point of contact for the regulatory staff responsible for supervisory activities at Morgan Stanley entities and for timely reporting to Firm management and other governance or management bodies, as appropriate, on those relationships and supervisory processes, including areas of significant regulatory focus or concern.

LCD Center of Excellence — Mumbai (LCD CoE) is a part of Morgan Stanley's Global In-house Center, which provides global support to LCD and is an integral part of Firm and LCD strategy

Background on the Team

The successful candidate will plan and execute in-depth tests on topics assigned by Bank Non-Financial Operational Risk Compliance Testing. The Bank Non-Financial Operational Risk Compliance Testing team is part of the broader Global Compliance Testing organization. The team plans and executes the Bank Non-Financial Operational Risk Compliance Testing program.

Primary Responsibilities

Execute risk-based compliance testing and review to assess the adequacy and effectiveness of the Firm's policies and procedures including recommending corrective action plans for gaps identified from testing.

Review / reperform First Line of Defense (1LOD) testing workpapers and issues in order to determine adherence to Testing Procedures as well as adequacy of testing and documentation of testing within 1LOD

Coordinate with Bank Non-Financial Operational Risk testing personnel globally to track the progress of the test plan for reporting to senior management.

Track status of corrective action plans agreed upon with the business

Track internal audit reviews and findings and review internal audit work-papers to identify opportunities to leverage their reviews for compliance testing.

Remain current on US Banking rules, regulations, and best practices to make recommendations to the testing program.

Skills Required (essential)

4+ years' experience working with medium to large sized investment management firms with diverse business lines is preferred.

Testing, surveillance, operational risk, or auditing experience a plus.

Internal Controls Testing experience

Experience reviewing audit / testing workpapers

Knowledge of Operational Risk and Non-Financial Risk.

Knowledge of Information Security and Fraud Risk assessment and prevention and detection controls.

Strong analytical, organizational, and problem-solving skills.

Ability to prioritize and work effectively on multiple reviews with different individuals at the same time.

Ability to work independently, as well, as in a team.

Ability to work with staff of all levels across departments.

Must have excellent written and oral communication skills.

High degree of organization and attention to detail.

Proficiency with Microsoft Word, Excel, PowerPoint, Adobe, SharePoint, Bloomberg, and ability to quickly learn automated systems, such as trade order management systems, portfolio accounting systems, pre/post trade surveillance systems and web applications.

Skills desired

Knowledge of US Banking regulations / US Consumer Regulations

Audit Experience Of US Banks Will Be Preferred

Industry qualifications - CA / CIA / CISA or similar certification preferred

Coverage

Monday to Friday from 11:30 AM to 8:30 PM. Coverage is dependent on business needs so flexibility on required finish time or full day's coverage may be required during some Indian holidays.

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.

Posting Date

Oct 31, 2024

Primary Location

Non-Japan Asia-India-Maharashtra-Mumbai (MSA)

Education Level

Refer to Position Description

Job

Compliance

Employment Type

Full Time

Job Level

Associate