Finance Risk & Assurance, Associate, Risk, Assurance, Governance & Control

We are looking to hire an Associate in the Finance Risk and Assurance (FinRiA), specifically into the Financial Reporting Assurance team (FRA). The FinRiA group is represented in our New York, Glasgow, London, Tokyo and Hong Kong offices performing an oversight, governance and execution role in relation to the Finance SOT division in support of the Firm's operational risk programs and objectives. The group interacts across all areas of Finance, Firm Operational Risk Department, the Front Office, Internal Audit as well as Operations, providing accurate risk reporting across Finance whilst furthering the risk management culture and infrastructure.

The Finance Division reports to the Chief Financial Officer and consists of some 3,000 employees worldwide. Finance protects the Morgan Stanley franchise by serving as guardian of the Firm's books and records, and by contributing to Firmwide risk management and risk reduction. This division maintains relationships with Morgan Stanley's various industry and government regulators, and also serves as the conduit of financial information to the outside investment community. Finance plays a critical role as advisor to Morgan Stanley's various businesses and its senior management team. The Financial Reporting Assurance (FRA) team is part of the Global Corporate Controllers and Planning Organization within the Finance Division and reports directly to the Deputy Chief Financial Officer

The FRA team works collaboratively across New York, Glasgow and Mumbai on assurance programme to support the Sarbanes Oxley 404 (SOX) program and the overall FinRiA agenda, which includes but not limited to the support of the Risk Control Self-Assessment (RCSA) oversight and EUC governance. SOX is a significant regulatory requirement, which requires management to document, assess and make representations about the effectiveness of its internal control structure surrounding financial reporting. Participation in this requires understanding of internal control activities, interpretation of the regulation and coordination of activities across the division.


What you'll do in the role:
> Collaborate with a varied group of colleagues in Finance and across the Firm
> Responsible for both individual and team deliverables and projects, leveraging knowledge of Finance functional area, tools and/or products
> Adhere to the Firm's risk and regulatory standards, policies and controls
> Act as a culture carrier; embody the Firm's values and hold yourself accountable to Firm standards
> Oversee the identification, documentation, and assessment of key controls across Finance and Operations, as well as work with the business areas to institute proper controls and remediation strategies.
> Communicate findings and recommendations to management, determine root causes, obtain management's action plan for remediation in a timely manner and track findings through resolution
> Develop and manage working relationships with key stakeholders, including Risk Managers and Business Process owners
> Document control deficiencies which are clear, concise and provide value to management
> Comfortable with documenting front-to-back process and product flows
> Able to identify gaps between implemented controls and key risks and recommenced remediation actions
> Manage the preparation, consolidation, review and analysis of a number of key reporting activities including but not limited to: testing status, remediations, project working groups and overall results.
> Act as point of contact for the business units and senior leadership on various projects, ad-hoc analysis, regulatory requirements, and risk and control related initiatives. What you'll bring to the role:
> Working knowledge of Finance functional area, industry and competitive environment.
> Ability to communicate clearly and concisely, and adapt to various audiences.
> Willingness to seek guidance and provide feedback to further develop self and peers
> Experience in risk and control environment (SOX or Operational Risk , Internal Audit), including control design and testing, EUC testing.
> Collaborative team player with a strong work ethic that works effectively in cross-functional team environment.
> Consistently demonstrated accountability, ownership, proactiveness and attention to detail
> A strong sense of organization and time management skills
> Proven understanding of testing methodologies and processes
> Flexibility to adapt to a new and changing environment
> Time management skills to meet deadlines on multiple concurrent tasks
> Proven experience in supporting the implementation of a testing framework
> Sense of ownership and accountability for work
> Understanding of Financial Services or the Banking Industry.
> Master's or Bachelor's degree in Finance or Accounting with a minimum of 3 - 4 years' experience in financial services, banking or Big 4 consulting.
 

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 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. 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. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

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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.