Internal Audit - Capital Markets

DESCRIPTION

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.

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’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, Risk 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.

Qualifications

Primary Responsibilities

The Auditor’s responsibilities include but are not limited to:

• Plan, execute, and report on audits of sales, trading and support groups
• Identify and assess areas of critical and high risks and evaluate the soundness of their controls as part of audits, continuous monitoring and closure verification work
• Drive discussions with senior business stakeholders to understand risk drivers, control state, and impact in order to formulate a point of view of the control environment
• Define audit scope, design control testing steps to evaluate the adequacy of the control designs and operating effectiveness as well as provide guidance to junior staff in performing testing and closure verification of Issues and action plan
• Prepare formal audit conclusion such as audit reports and management action plan.
• Proactively monitor and address key metrics associated with audit plans, resources and issues and actions
• Assist in the messaging of risks and controls in the quarterly pack to senior management
• Manage and mentor junior staff

Skills required

• Good understanding of the operation of financial markets and of the main financial instruments and strategies, preferably experience in auditing capital market related products.
• Ability to manage work assignments to deadlines, while multi-tasking
• Good analytical skills, showing ability to assess risks and controls
• Understands business drivers specific to the Institutional line of business
• Leverages business knowledge to effectively identify risks and business impact to formulate a viewpoint
• Demonstrates critical thinking
• Able to identify regulatory risks and impact to the business line
• Able to analyze trends and identify areas of further diagnosis
• Communicates with impact, able to state risk and issues concisely and articulates impact in a structured manner
• Actively listens and asks probing questions to further dialogue
• Effectively adjusts communication style to suit the needs of different audiences and situations
• Good communication skills, showing ability to write reports and summaries of work performed effectively
• Identifies relevant information and shares appropriately with wide range of team members
• 4 year college degree

Skills desired

• 8+ years audit experience, primarily in financial markets
• Good understanding of key financial industry regulations.
• Good understanding of capital market related products in both fixed income and equities.
• Understanding on funding and liquidity risk associated with Firm financing.
• Good understanding of impact of counterparty risk associated with derivative transactions.
• Preferably CPA, CIA or other accounting qualification
• Preferably CFA, FRM or other financial/risk qualification

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