Director - Credit Risk Auditor (Internal Audit)

Mumbai (MSA), Maharashtra, India
Not disclosed
28 Sep 2023
12 Oct 2023
Approved employer
Full time

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 a Credit Risk Audit Director, with audit or credit risk experience. The role is at an Audit Director level, covering MS Credit Risk and ultimately reports to the Global Head of Credit Risk Internal Audit, within the Global Risk Management Internal Audit team. The Global Risk Management Internal Audit team provides coverage across the risk pillars, with audit teams specialising in Market, Credit, Operational, and Liquidity Risk audits, as well as Capital Planning. In addition, there are dedicated Quantitative Auditors who cover Model Risk as well as the Credit Review Group which assesses the Firm's credit underwriting process.

Primary Responsibilities

  • Assesses inherent credit risks and perform risk assessments at the Morgan Stanley Firm level, Legal Entity level, and process level
  • Prepares audit planning documentation, lead an audit, 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 Audit 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
  • Conduct regular meetings with the key stakeholders and escalate messages to senior management within audit
  • Guide and provide training to the junior staff on the team
  • Participate in Department and Firm Initiatives such as Committees and Workstreams

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).
  • Eight to ten years of experience in auditing capital markets or credit or market risk management in a bank or broker/dealer regulated environment, as the individual must have a good understanding of the financial services industry; the associated regulatory environment; and internal audit processes.
  • 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
  • CA, CPA, CIA, CFA, and /or FRM qualifications a plus


Monday to Friday from 12:00 PM to 9:00 PM. Coverage is dependent on business needs so flexibility on required finish time or full day’s coverage may be required during some Indian holidays

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.