Centralized Closure Verification, Associate, Business Audit

Reposted One Month Ago
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Mumbai, Maharashtra, IND
In-Office
Mid level
Fintech • Financial Services
The Role
Validate remediation and closure of audit- and regulatory-identified issues by testing control design and operating effectiveness, documenting results, challenging management where necessary, communicating with stakeholders, and driving process improvements while adopting audit tools (including data analytics).
Summary Generated by Built In

We're seeking someone to join our team as an Associate in our Centralized Closure Verification team responsible for closure verifying audit and regulatory identified issues.

In the Audit division, we provide senior management an objective and independent assessment of the Firm's internal control environment for risk management and governance. This is an Associate level position within Business Audit, which is responsible for inspecting controls in front, middle and back offices.

Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.
What you'll do in the role:

  • Understanding of the audit principles, tools, processes especially around issue validation/closure verification process which primarily includes the following

  • Conduct comprehensive validation of remediation efforts 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 communicate with stakeholders to gather supporting documentation and provide real time updates

  • Formulate viewpoint on the appropriateness of Management's remediation efforts and provide credible challenge and recommendations to stakeholders where needed

  • Document the work performed to clearly articulate the results/conclusion of testing or validation activities in line with guidelines/methodology

  • Ability to understand and adopt new audit tools and techniques (e.g., data analytics) and participate in learning and development opportunities to ensure the use of best-in-class processes and procedures

  • Identifying and implementing efficiencies and process improvements related to the issues validation work

What you'll bring to the role:

  • At least 2 years of working experience within Audit or Control functions (like Risk management or Compliance) within banking industry

  • Ability to effectively multi-task and manage multiple competing deliverables within tight timeframes without compromising on quality of output

  • A commitment to practicing inclusive behaviors

  • Willingness to solicit and provide feedback to further develop self and peers

  • Prior relevant experience in the financial services industry is required with basic 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

  • Masters'/ Bachelors' Degree (Finance related preferred)

  • ACA, CPA, CIA, CRMA, CAMS, CISA, CISM qualifications or equivalent is preferred

Coverage:

  • Hybrid working (4 days in office) Monday to Friday from 12:00PM to 9:00PM India time with flexibility on standard working hours for time sensitive matters (including India Public Holidays)

  • Periodic evening calls with US and EMEA internal clients and vendors

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 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. At Morgan Stanley, you’ll 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. 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.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background.  Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.

Skills Required

  • 3-6 years of experience within Audit or Control functions (Risk management, Compliance) in banking
  • Understanding of audit principles, issue validation and closure verification processes
  • Ability to validate remediation efforts and test design and operating effectiveness of controls
  • Prior relevant experience in financial services with basic understanding of businesses (Sales & Trading, Investment Banking, Investment Management, Wealth Management) and regulatory requirements
  • Effective stakeholder communication and ability to gather supporting documentation and provide updates
  • Ability to document testing and validation work in line with guidelines and methodology
  • Ability to multi-task and manage competing deliverables under tight timeframes without compromising quality
  • Willingness to solicit and provide feedback and practice inclusive behaviors
  • Masters or Bachelors degree (finance-related preferred)
  • Professional certifications such as ACA, CPA, CIA, CRMA, CAMS, CISA, CISM or equivalent
  • Ability to adopt new audit tools and techniques (e.g., data analytics) and participate in learning opportunities
  • Identify and implement efficiencies and process improvements related to issue validation work

Morgan Stanley Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Morgan Stanley and has not been reviewed or approved by Morgan Stanley.

  • Healthcare Strength — Health coverage is characterized as comprehensive, with medical, dental, vision, and added supports like One Medical and mental-health sessions. Feedback suggests the overall package is strong to excellent for a large financial-services employer.
  • Retirement Support — Retirement programs include a 401(k) with company matching and related financial benefits. These features are frequently highlighted as part of a broad, competitive package.
  • Parental & Family Support — Family benefits are noted for generous paid parental leave, fertility support, and caregiver leave. Feedback suggests these offerings stand out as a strength within the package.

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The Company
HQ: New York, NY
87,899 Employees

What We Do

Morgan Stanley mobilizes capital to help governments, corporations, institutions and individuals around the world achieve their financial goals. For over 85 years, the firm’s reputation for using innovative thinking to solve complex problems has been well earned and rarely matched. A consistent industry leader throughout decades of dramatic change in modern finance, Morgan Stanley will continue to break new ground in advising, serving and providing new opportunities for its clients. Morgan Stanley is committed to maintaining the first-class service and high standard of excellence that have always defined the firm. At its foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide its more than 60,000 employees in 1,200 offices across 41 countries.

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