Finance Risk, Director, Risk, Assurance, Governance & Control

We are looking to hire a Director in the Finance Risk and Assurance (FinRiA) specifically into the Regulatory Reporting Quality Assurance team (RRQA). 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 Firms 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.

Since 1935 Morgan Stanley is known as a global leader in financial services continuously evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.


What youll do in the role:
- Collaborate with a varied group of colleagues in Finance and across the Firm
- Responsible for and lead a significant set of deliverables leveraging advanced understanding of Finance functional area product and/or client segment
- Proactively identify emerging risks in individual and department work and contribute to strategies for mitigating them
- Act as a role model and culture carrier; Embody and set an example of the Firms values and hold yourself and others accountable to Firm standards
- Take ownership of the validations planning the approach for the validation deciding the areas of testing based on risk-based evaluations and provide adequate oversight direction and guidance to the team. Also monitoring tracking and reporting the progress of the validations to Senior Management.
- Become a subject-matter expert in regulatory reporting and ensure that the team has reasonably understanding of the regulatory expectations before starting the review and keep abreast of the changes in the regulatory instructions/ expectations for all relevant regions.
- Leading and driving the walkthroughs with global stakeholders understanding the process conducting independent risk-assessments identifying the risk-mitigating controls and their design adequacy and operating efficacy assessment around the regulatory reporting control environment.
- Highlight your seniors any areas requiring judgements analyse the complexities of the mentioned area and provide potential solutions based on the analysis and professional judgement.
- Understanding and documenting the life-cycle of the regulatory reporting & submission process driving the substantive testing including the data due diligence through the data flow and processing through multitude of trade booking systems aggregation systems and their hand-offs from the trade capture to the regulatory systems.
- Driving the substantive testing around the attributes/parameters consumed in arriving at the exposure and risk-weighted assets for credit risk market risk liquidity risk and operational risk reported in the respective regulatory reports.
- Analysing identified issues in the upstream and downstream processes or systems for their impact on capital and regulatory risk reporting as well as escalating the issues and finding an appropriate remediation after consulting with the stakeholders.
- Ensure the comprehensiveness and consistency of the validation documentation and identifying areas to bring efficiencies by identifying opportunities to use automation/ analytics and enhancement of the process and incorporating previous experience and reviews.
- Working with review leads in drafting recommendations and liaising with the business units and stakeholders for communicating the identified issues in the validations; arriving at appropriate course of actions in consultation with stakeholders for remediating the risks findings and gaps identified during the validation process. - Identification of strengths and development areas of the team; harnessing their strengths and expertise providing feedbacks and guidance for developments areas
- Cultivating relationships across the Finance organization with key constituency groups such as Regulatory Reporting Product Controllers Operations Treasury Technology Credit Risk and Market Risk.

What youll bring to the role:

- In-depth knowledge of Finance functional area product and/or client segment and technical skills as well as of industry and competitive environment
- Ability to operate independently with respect to most job responsibilities
- Ability to provide positive and constructive feedback and innovate processes
- Qualified Chartered Accountant or MBA or Company Secretary or graduation/masters in Law.
- Ability to organize and present data in a meaningful way including analysing and summarizing detailed information from various sources.
- Strong written communication and presentation skills including the ability to liaise with and influence senior subject matter experts
- Strong quantitative and qualitative analytical skills
- Self-starter with ability to multi-task adapt and work well under pressure
- Ability to work within a team and to collaborate with peers and leadership to create effective solutions to validation issues
- Ability to create drive and manage detailed project plans including managing interdependencies and expectations.
- Advanced Excel Word and PowerPoint skills
- Sense of ownership and accountability for work
- Possesses strong project management and interpersonal skills makes sound decisions exhibiting initiative and intuitive thinking
- Understanding of Financial Services or the Banking Industry.
- Understanding of Credit Risk Market Risk Liquidity Risk and Operational Risk
- Understanding of global and regional regulatory regimes and reporting such as Basel frameworks capital adequacy assessment processes recovery and resolution planning and others.
- At least 4 years relevant experience would generally be expected to find the skills required for this role

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley we raise manage and allocate capital for our clients helping them reach their goals. We do it in a way thats differentiated and weve 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 - 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.