Morgan Stanley

Senior Manager - Risk Management Capital Planning Audit (Internal Audit)

Mumbai (MSA), Maharashtra, India
Not disclosed
14 Nov 2022
14 Dec 2022
Approved employers
Approved employer
Contract type
Full time
Experience level

Job Description

Company Profile

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.

Internal Audit

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's internal controls using a risk-based methodology developed from professional auditing standards. Internal Audit assists in monitoring the firm's compliance with internal guidelines set for risk management and risk monitoring, as well as external rules and regulations governing the industry. The team reports directly to the Board Audit Committee and helps verify whether the firm meets all of its fiduciary responsibilities to shareholders, while adhering to corporate-governance standards and legal and regulatory requirements.

Internal Audit is comprised of Business and Technology auditors. Business and Risk auditors focus on understanding the risks that the businesses face and the controls to mitigate those risks. Technology auditors focus on the application controls supporting the business processes, including systems development, application security and entitlements, production management, and technology governance. Both groups are responsible for understanding, analyzing and testing the controls to protect the franchise

Position Description

Morgan Stanley is seeking an Audit Manager who will work on Capital Planning audits with coverage including Risk Identification, Scenario Design, Stress Losses, and Independent Process Validation.

Primary Responsibilities

  • Seven to Nine years of experience in financial services or Internal Audit with a preference for those with good understanding of financial products, risk management or
  • Capital Planning experience
  • Assesses inherent business risks and perform risk assessments at the audit entity and process level
  • Prepares audit planning documentation, conducts walkthroughs, and assesses the internal control environment through control and substantive testing
  • Evaluates the adequacy and the effectiveness of key controls and potential business concerns by analyzing available documentation and asking insightful questions to identify root causes and draw the appropriate conclusions
  • Documents the results of work performed in the Department's automated workpaper system according to Departmental methodologies and documentation standards
  • Develops and documents audit findings in a clear and concise manner, communicates observations to line management and secures formal management responses to audit recommendations for inclusion in the Audit Report
  • Arranges follow-up meetings concerning open audit actions with line management quarterly


Skills required (essential)

At a minimum, the successful candidate would be expected to demonstrate the below skills & experience:

  • A four year college degree in a business discipline (e.g., Finance, Economics, Accounting).
  • Seven to nine years of experience in either auditing capital markets/risk management or working in risk management in a bank or broker / dealer regulated environment.
  • Strong control mindset and ability to identify key controls and processes as part of the audit planning cycle.
  • The individual should be self-motivated, able to work independently, resolve challenging issues with innovative ideas, and demonstrates strong teamwork and communication skills.

Skills desired

  • CPA, CIA, CFA and /or FRM qualifications a plus

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

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