Centralized Closure Verification, Director, Business Audit at Morgan Stanley

Bengaluru, karnataka, India -

Full Time

Start Date

Immediate

Expiry Date

15 Apr, 26

Salary

0.0

Posted On

15 Jan, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Audit Principles, Issue Validation, Stakeholder Collaboration, Risk Assessment, Control Testing, Project Management, Quality Control, Data Analytics, Mentoring, Process Improvement, Financial Services, Regulatory Requirements, Inclusive Behaviors, Feedback Solicitation, Remediation Efforts, Compliance

Industry

Financial Services

Description

Understanding of the audit principles, tools, processes especially including issue validation/closure verification process which primarily includes the following Conduct comprehensive validation of remediation efforts for moderately complex issues including enhanced/new controls and/or corrective actions completed by the Management Understanding the risks and root cause associated to the issues and testing of the design and/or operating effectiveness of the controls in a timely manner Effectively collaborate with stakeholders to gather supporting documentation and build stakeholder relationship both within and outside the Internal Audit department Independently formulate viewpoint on the appropriateness of Management's remediation efforts and provide credible challenge and recommendations to stakeholders where needed Appropriately assess the Residual risk, document the work performed to clearly articulate the results/conclusion of testing/validation activities with limited level of direct supervision Ability to manage and mentor 2-3 direct reports and be responsible for driving goals and feedback conversations Responsible for performing QC on the workpapers to ensure compliance with audit methodology and identify, drive, and track strategic initiatives for quality management Basic project management skills along with assisting senior leadership with periodic metrics reporting A commitment to practicing inclusive behaviors Masters'/ Bachelors' Degree (Finance related preferred) 6-8 years of working experience within Audit or Control functions (like Risk management or Compliance) within banking industry. ACA, CPA, CIA, CRMA, CAMS, CISA, CISM qualifications or equivalent is preferred. Ability to effectively multi-task and manage multiple competing deliverables within tight timeframes without compromising on quality of output. Identify and implement efficiencies and process improvements opportunities including the ability to understand and adopt new audit tools and techniques (e.g., data analytics) and contribute to organize/conduct learning and development sessions to ensure the use of best-in-class processes and procedure Prior relevant experience in the financial services industry is required with sound understanding of the business (such as Sales & Trading, Investment Banking, Investment Management, Wealth Management etc.) and/or technology as well as of relevant regulatory requirements (i.e., Heightened Standards) for large Banks and related regulatory requirements/expectation Ability to coach and mentor others and create an inclusive work environment for team Willingness to solicit and provide feedback to further develop self and peers. We do it in a way that's differentiated - and we've done that for 90 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. 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. To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser. 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.

Responsibilities

The Director will conduct comprehensive validation of remediation efforts for moderately complex issues and collaborate with stakeholders to gather supporting documentation. They will also assess residual risk and document testing activities with limited supervision.