Internal Audit Vice President - New York, United States - Morgan Stanley

Morgan Stanley

Verified Company

New York, United States

3 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

Internal Audit Vice President - Operational Risk Management

Job Number:
3251934

POSTING DATE:
May 15, 2024

PRIMARY LOCATION:
Americas-United States of America-New York-New York

EDUCATION LEVEL:
Refer to Position Description

JOB:
Other

EMPLOYMENT TYPE:
Full Time

JOB LEVEL:
Vice President

DESCRIPTION

We're seeking experienced Audit professional to join a dynamic and growing team as an Audit VP to focus on managing and leading various assurance activities focusing on U.S. Banks Operational risk management to assess risk and formulate a view on the control environment.
In the Audit division, we provide senior management an objective and independent assessment of the Firm's internal control environment for risk management and governance. This is a Vice President level position within Business Audit, which is responsible for inspecting controls in front, middle and back offices.

Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions and individuals around the world achieve their financial goals.

Location: New York, NY (Hybrid 3x per week in office)
Interested in joining a team that's eager to create, innovate and make an impact on the world? Read on...
What you'll do in the role:
Formulate and lead a wide range of assurance activities to assess risks within coverage area and the state of controls in place to mitigate them
Proactively identify risk and emerging risk, and factor into risk assessment and assurance coverage
Articulate actionable insights to management regarding criticality and impact of risks to the business
Effectively partner with colleagues and stakeholders globally to drive effective working relationships
Align projects and initiatives with department and coverage area priorities, and oversee team's execution of deliverables in accordance with audit methodology and quality standards
The successful individual will oversee Operational Risk audit projects and team members, which involves:
Building and maintaining business relationships to assist in the development, planning and/or performing of audits focusing on all aspects of the core Operational Risk Management framework (e.g. Operational Risk Incidents, Scenario Analysis, RCSA, Top Operational Risks etc.).
Managing and overseeing the execution of assurance activities for the U.S. Banks Operational Risk Management, including adequately scoping audits and reviews, as well as related issue closure validation.
Managing performance for members of the Americas Operational Risk Audit team, including their quarterly performance evaluations.
Supporting preparation and presentation materials for adequate information submission during regulatory exams and or inquiries
Assisting with the development of the Risk Assessment for Operational Risk globally, and ensuring it remains current through performance of continuous monitoring.
Ensuring execution of assurance activities within Departmental methodology, policies and standards.
Communicating the status of the audit plan, results of test work.
Representing Risk Management Internal Audit on relevant committees, working groups and other governance forums.

QUALIFICATIONS

What you'll bring to the role:
At least 8+ years' relevant experience would generally be expected to find the skills required for this role
Advanced knowledge of industry, global markets and regulations relevant to coverage area
Strong understanding of audit principles, methodology, tools and processes (e.g., risk assessments, planning, testing, reporting and continuous monitoring)
Ability to articulate risk and impact clearly and succinctly to different audiences
Effective change and project management techniques and ability to support teams in adapting new ways of working
Ability to leverage and analyze data to inform focus and views on risk
Ability to coach and mentor others and create an inclusive work environment for team
Technical understanding of core operational risk management concepts and methodologies, preferably having worked in risk management internal audit in a major bank/financial institution with trading activities or a second line Operational Risk group.
Strong understanding of relevant Banking regulatory requirements (i.e., OCC Heightened Standards) as they pertain to core operational concepts and associated emerging risks, as well as an understanding of financial products generally.
Management skills, both in terms of running audits (both across and within regions) and individual performance management.
Ability to build and maintain credible relationships with senior management and stakeholders, ideally in a Risk function, and strong networking capabilities.
Strong verbal and written communication skills, with the proven ability to write clear and concise findings, recommendations and reports.
Strong analytical skills, with proven ability to lead audits/reviews on t