Associate - Business Risk Testing and Validation - U.S. Banks(Wealth Management)
Morgan Stanley
Accounting & Finance
Mumbai, Maharashtra, India · Indianapolis, IN, USA · Mumbai, Maharashtra, India · Maharashtra, India · India
Posted on Dec 9, 2024
Responsible for 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 is a key individual contributor in the evaluation of the adequacy, effectiveness, and efficiency of internal controls and documentation of test results, along with providing recommendations to mitigate weaknesses.
Responsibilities
- Develop test plans and execute design and operating effectiveness testing of operational controls identified by Bank management, which could include financial, technology, and/or compliance components
- Prepare work papers, schedules, and summaries documenting testing and issues identified in accordance with Bank procedures
- Validate remediation of control deficiencies self-identified by management or by the control testing team
- Proactively manage deliverables to completion and report status and roadblocks to management timely
- 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
- Build and maintain effective relationships with key stakeholders including control owners, operational risk management partners, and internal audit partners Qualifications - External
Qualifications and Skills required
- CAs, Bachelor's degree in Accounting, Finance, Economics, or related field
- 3 - 5 years relevant experience in public accounting, or internal audit or similar risk/testing function, experience in financial services industry preferred.
- Strong risk and control mindset and ability to think critically to solve problems
- Strong oral and written communication skills
- Ability to leverage and analyze data to inform focus and views on risk
- 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.
Responsibilities
- Develop test plans and execute design and operating effectiveness testing of operational controls identified by Bank management, which could include financial, technology, and/or compliance components
- Prepare work papers, schedules, and summaries documenting testing and issues identified in accordance with Bank procedures
- Validate remediation of control deficiencies self-identified by management or by the control testing team
- Proactively manage deliverables to completion and report status and roadblocks to management timely
- 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
- Build and maintain effective relationships with key stakeholders including control owners, operational risk management partners, and internal audit partners Qualifications - External
Qualifications and Skills required
- CAs, Bachelor's degree in Accounting, Finance, Economics, or related field
- 3 - 5 years relevant experience in public accounting, or internal audit or similar risk/testing function, experience in financial services industry preferred.
- Strong risk and control mindset and ability to think critically to solve problems
- Strong oral and written communication skills
- Ability to leverage and analyze data to inform focus and views on risk
- 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.