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Morgan Stanley · 20 hours ago

US Banks, Business Risk Testing and Validation AVP

New York, NY

Full-time

Onsite

Mid, Senior Level

$85K/yr - $140K/yr

5+ years exp

Morgan Stanley is a global financial services leader with a focus on providing comprehensive banking and financial services. The role involves supervising and executing the internal controls testing program within the Operational Risk Management team, ensuring the adequacy and effectiveness of Bank-related internal controls.

Asset ManagementFinanceFinancial ServicesLending

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

Qualification

RiskControl mindsetUS banking regulationsData analysisPublic accounting experienceAnalytical skillsCommunication skillsProblem-solving skillsCPA designationCIA designationCISA designation

Required

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