Assoc, P2, Risk, Assurance, Governance & Control Job Level Associate

We are looking to hire an Associate in the Finance Divisions Risk and Assurance (FinRiA) group specifically into the Regulatory Reporting Quality Assurance (RRQA) team.

The FinRiA group is represented in our New York Glasgow London Tokyo and Hong Kong offices and performs an oversight governance and execution role in support of the Firms operational risk programmes and objectives. The group interacts across all areas of Finance the Firm Operational Risk Department the Front Office Internal Audit and Operations supporting accurate risk reporting across Finance whilst furthering the risk management culture and infrastructure.

The RRQA team works collaboratively across New York Glasgow and Mumbai on a validation programme to support the continuously expanding regulatory reporting environment impacting the Morgan Stanley Finance division.

What will you be doing
RRQA is an independent second line of defence (2LOD) function within the Finance department. The teams role is to validate processes and controls supporting Finance-owned reports and components across Capital Credit Market Operational Liquidity and other reporting submitted to global regulators from transaction capture through to final reporting. Products subject to review may include derivatives securities financing transactions loans securitizations debt and equity.
The successful candidate will be responsible for supporting the US/EMEA validation book of work. Responsibilities will include hosting/participating in walkthrough calls with stakeholders contributing to the testing approach plan executing testing (including the use of digital/innovative tools) escalating any items of concern to management.
The RRQA role offers significant opportunities to learn about the broader Firm as the validation programme encapsulates many different types of reporting (e.g. capital liquidity recovery planning) and stakeholders (e.g. Finance Operations Technology). The role is also project-based (e.g. not daily weekly monthly reporting) which offers variety in the work performed continued learning and flexibility. Key responsibilities:
>Performing validation testing activities including: process control and substantive testing from data source to final reporting
>Problem solving and identifying root cause of data anomalies or other deficiencies in processes and controls
>Monitoring tracking and reporting of progress to management



Skills required:
>Ownership and accountability for tasks
>Critical thinking initiative and an inquisitive nature to validate whether processes and controls are operating as intended
>Strong analytical skills to organise interrogate and present data in a meaningful way; attention to detail; clear documentation of results
>Strong written communication and oral skills including the ability to support on stakeholder walkthroughs
>Desire to continually learn through asking questions; seek innovative ways to improve RRQA processes
>Flexibility to multi-task adapt to change and work within a team; collaborate with peers and management to create effective solutions to validation issues
>Microsoft Office (Excel Word and PowerPoint) experience

Skills desired:
>Bachelors Degree in Finance Economics Mathematics Accounting or similar discipline
>Part or Fully Qualified accountant
>Prior audit or assurance experience

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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Certified Persons Regulatory Requirements:
If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.

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.

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.