Internal Audit - Operational Risk - Vice President

Job Description

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

Internal Audit is responsible for validating whether the Firm operates in a controlled environment with appropriate risk management processes. Auditors evaluate the adequacy and effectiveness of the Firm’s internal controls using a risk based methodology developed from professional auditing standards. Internal Audit assists in monitoring the Firm’s compliance with internal guidelines set for risk management and risk monitoring, as well as external rules and regulations governing the industry. The team reports directly to the Board Audit Committee and helps verify whether the Firm meets all of its fiduciary responsibilities to shareholders, while adhering to corporate-governance standards and legal and regulatory requirements.

What will you be doing?

Morgan Stanley is seeking a seasoned financial services professional, with strong internal audit or extensive second line experience in Operational Risk as it relates to investment banking. The role is at Vice President level, and reports to the Head of Audit for International Non-Financial Risks and the Global Head of Audit for Operational Risk.

This role will lead EMEA audit coverage for Operational Risk and support global assurance activities with US colleagues over the Operational Risk activities operated by Morgan Stanley.

1. The audit professional will be involved in the development, planning and execution of assurance work (audits, continuous monitoring, closure verification) globally of the Operational Risk Department, formulating and leading a wide range of assurance activities to assess risks within coverage area and the state of controls in place to mitigate them;
2. Assess and monitor the impact of the results of global assurance activities on EMEA, and participate in the development of Audit updates to EMEA management and governance forums;
3. Participate in the maintenance of Audit Risk Assessments covering the Operational Risk Department in coordination with Operational Risk Internal Audit senior management;
4. Provide EMEA specific insight as a part of the development of the annual audit plan;
5. Articulate actionable insights to management regarding criticality and impact of risks to the business;
6. Effectively partner with colleagues and stakeholders globally to drive effective working relationships;
7. Execution of the audit plan within departmental methodology, policies and standards;
8. On-going communication with senior management and external stakeholders to discuss status of the control environment impacting Morgan Stanley;
9. Support the preparation of risk messaging to internal stakeholders and ultimately the Board Audit Committee;
10. Ongoing communication with regulators.

Qualifications

What we're looking for:

1. At least 6 years' relevant experience would generally be expected to find the skills required for this role;
2. Advanced knowledge of industry, global markets and regulations relevant to coverage area;
3. Strong understanding of audit principles, methodology, tools and processes (e.g., risk assessments, planning, testing, reporting and continuous monitoring);
4. Ability to articulate risk and impact clearly and succinctly to different audiences;
5. Effective change and project management techniques and ability to support teams in adapting new ways of working;
6. Ability to leverage and analyze data to inform focus and views on risk;
7. Ability to coach and mentor others and create an inclusive work environment for team.

Where will you be working?

This role is based in 20 Bank Street, London.

Flexible work statement:

Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.

Equal opportunities statement:

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.

For further information, and to apply, please visit our website via the “Apply” button below.