Business Risk Regulations, US Banks, Associate, Wealth Management

Morgan Stanley (MS) is a global financial services firm that conducts its business through three principal business segments Institutional Securities Wealth Management (WM) and Investment Management. Our Financial Advisors focus on delivering timely customized solutions and services that help clients meet their financial and life goals. Our offering includes brokerage and investment advisory services financial and wealth planning access to credit and lending cash management annuities and insurance and retirement services.

The Associate position is with US Banks 1st Line Business Risk. The team has responsibility for the implementation of the Banks Regulatory and Compliance programs in the Business Unit as the First Line of Defense. The Associate will sit full-time in Mumbai India and will be assisting various Regulatory Risk and Compliance programs for US Banks products and services.

Working in the team gives a fantastic opportunity to gain understanding of US Banks regulatory environment. The individual will be exposed to different business groups initiatives and work closely with Legal and Compliance personnel and other relevant stakeholders

Responsibilities:

• Develop understanding of Regulation W to assess and enhance internal controls.
• Assist in the daily monitoring of Regulation W limits and ensure banks stays in compliance with regulation.
• Analyze transactions between bank and affiliates identify and analyze issues and ensure timely resolution
• Retain documentation of the discussions/investigations
• Assisting in the periodic Internal Audit and Compliance tests
• Working on new business initiatives and responding to the information requests from Business Units Financial Advisors and Private Bankers
• Review the current processes identify areas of improvement assist in designing and implementing new processes
• Compile data and prepare presentations for senior management review
• Drafting updating and maintaining Reg W business/support area procedures

Qualifications:

• A bachelors degree in finance Accounting Business or a related field is required
• Strong analytical skills and innate ability to connect the dots
• 3 to 5 years of experience in the financial services industry.
• Experience in regulatory compliance activities or internal audit is a plus
• Excellent Oral and Written communication skills
• Working knowledge of SQL
• Ability to multi-task and work in a fast paced ever-changing environment

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 - arent just beliefs they guide the decisions we make every day to do whats best for our clients communities and more than 80000 employees in 1200 offices across 42 countries. At Morgan Stanley youll 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. Theres 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.