Internal Audit Corporate Treasury & Liquidity (Finance)

Location
Budapest, Hungary
Salary
Not disclosed
Posted
16 May 2022
Closes
16 Jun 2022
Ref
3213055
Contract type
Permanent
Hours
Full time
Experience level
Qualified accountant

Description

Given the continued spread of COVID-19 (coronavirus),  all interviews will be conducted by phone or virtual connection to protect our candidates and employees.

We offer:

Internal Audit is hiring for its Corporate Treasury/Liquidity Risk audit team that resides within the Finance coverage team in Budapest. This role will form part of the global Treasury coverage team with colleagues in New York, London/ Glasgow/ Mumbai/ Hong Kong and Tokyo. Key aspects of the role will include partnering with the global Treasury audit team to plan and execute global regional and cross-coverage assurance activities as well as maintaining stakeholder relationships and acting as the primary point of contact with Treasury/Finance personnel in Budapest.

The candidate will perform the following tasks: identify key risks and controls, design and conduct audit tests, formulate audit issues, assess severity of identified issues and identify areas for control improvements. The role will also require undertaking continuous monitoring of key Finance activities based in Budapest such as Treasury Internal Reporting and Corporate Controllership functions.

You will:

Audit Assurance

  • Participate in all phases of the audit, including planning, fieldwork and reporting
  • Assist Audit Coverage Manager in audit assurance planning by identifying and evaluating key risks -in scope for the given audit
  • Plan and conduct walk-through meetings for Finance and Risk processes in scope for an audit
  • Identify significant controls during the walk-throughs and assesses adequacy of their design for key risk mitigation
  • Assist Audit Coverage Managers in developing audit assurance activities for significant controls
  • Execute audit assurance activities for significant controls and draw conclusions of controls effectiveness by analyzing available documentation, asking insightful questions to identify root causes for exceptions
  • Document results and conclusions of audit assurance activities in line with the internal documentation standards
  • Assess severity of exceptions identified by audit assurance activities in line with the methodology
  • Communicate audit findings to Audit Coverage Manager and Director providing severity assessment
  • Assist Audit Coverage Manager and Director in negotiating the final audit findings with auditee?s management
  • Drafting reportable audit findings for auditee's management action plan and audit reports
Continuous Monitoring and Risk Assessment
  • Participate in the continuous monitoring of Treasury activities/ analyze and document the risk assessments
  • Maintain ongoing communication with Treasury management to closure verify previously identified audit issues
  • Participate in continuous monitoring and risk assessment of key business processes to drive risk-based audit plan
  • Assist Audit Coverage Mangers with identification and evaluation of key risks within Finance processes
  • Participate in strategic initiatives and projects to enhance audit approach and coverage
  • Develop solid working relationship with stakeholders, clients and across the broader Audit Department
  • Track management's remediation efforts including the design and implementation of recommended processes and controls to strengthen internal control frameworks

QUALIFICATIONS

You have:

  • Strong verbal and written communication skills
  • Confident command of English
  • Ability to rapidly learn and apply new processes and methods
  • Ability to multi-task between several projects and complete audits/projects within required timeline and budget
  • Self-motivated team player with ability to work independently in a fast-paced multicultural environment
  • Ability to resolve challenging issues with innovative ideas
  • Keen attention to detail and strong analytical skills
  • General understanding of financial services industry and the related regulatory environment
  • Familiarity with banking and capital markets products
  • Familiarity with Basel regulations, ideally US and UK/EU implementations, including Liquidity and/or -Capital requirement framework
  • Outstanding work ethics, living the firm's core values
  • Masters or Bachelors Degree (required, major in Accounting or Finance is preferred)
  • ACCA/ CA/ CPA/ CFA or equivalent certification (advantage)
  • Understanding of internal audit processes (advantage)
  • Accounting or auditing experience (advantage)

Department Profile

Internal Audit is responsible for validating whether the firm operates in a controlled environment with appropriate risk management processes. Auditors evaluate the adequacy and effectiveness of the firm internal controls using a risk-based methodology developed from professional auditing standards. Internal Audit assists in monitoring the firm compliance with internal guidelines set for risk management and risk monitoring, as well as external rules and regulations governing the industry. The department is responsible for understanding, analyzing and testing the risks and the related controls to protect the franchise.

About us:

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries. As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

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 maximise 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

For further information, and to apply, please visit our website via the “Apply” button below.

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