Full Description

Morgan Stanley is a global financial services leader with three core businesses - Institutional Securities, Asset Management, and Global Wealth Management. Wealth Management is offered by Morgan Stanley Smith Barney (MSSB), which has one of the world’s largest networks of Financial Advisors. The Morgan Stanley U.S. Banks have expanded upon a suite of world-class banking and lending products exclusively for Financial Advisors and their clients. In addition to our comprehensive financial services, which include brokerage, investment advisory, financial and wealth planning, annuities, insurance and retirement, Morgan Stanley has invested in and enhanced its lending, mortgage, trust and cash management capabilities. The Morgan Stanley U.S. Banks continue to execute on a set of multi-year strategic priorities that are aligned with the broader Firm strategy. Within the Deposits and Cash Management team, there is continued emphasis on growth in the core product offerings. The recent integration of E*TRADE continues to provide an enormous opportunity for growth and expansion of Bank product offerings. Summary Responsible for supervising and executing the internal controls testing program within the first line Operational Risk Management team covering Morgan Stanley Private Bank, NA and Morgan Stanley Bank, NA, to include business and IT controls. This position will assist in oversight of the team responsible for the evaluation of the adequacy and effectiveness of Bank related internal controls, to include remediation of control deficiencies cited by internal or external examinations. Responsibilities Execute design and operating effectiveness testing of operational controls identified by Bank management, which could include financial, technology, and/or compliance components Supervise and review the preparation of work papers, schedules, and summaries documenting testing and issues identified with a high level of quality Validate remediation of control deficiencies, Matters Requiring Attention (MRAs), etc. Proactively manage the control testing program to the project plan and communicate roadblocks or delays as appropriate Track and report key project milestones and metrics to senior management, Board and regulators as needed Participate in risk and control change management projects with management and provide recommendations for improvement Support ad-hoc Bank management initiatives in collaboration with second and third lines of defense Requirements Bachelor's degree in Accounting, Finance, Economics, or related field is required 5-8 years relevant experience in relevant experience in public accounting, similar risk / testing function, minimum of two years in financial services Strong risk and control mindset with outside-the-box thinking Strong oral and written communication skills Ability to leverage and analyze data to inform focus and views on risk Strong analytical and problem-solving skills Ability to build and maintain professional relationships with key stakeholders/process owners Working knowledge of key US banking regulations Working knowledge of data, application, IT general and end user computing controls Preferred Qualifications CPA, CIA or CISA designation preferred (or progress towards)