Internal Audit, Executive Director - 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, Executive Director - Capital Planning (Finance and CMO)

Job Number:
3252929

POSTING DATE:
May 22, 2024

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

EDUCATION LEVEL:
Bachelor's Degree

JOB:
Other

EMPLOYMENT TYPE:
Full Time

JOB LEVEL:
Executive Director

DESCRIPTION

We're seeking someone to join our team as an Executive Director who will have responsibility as the Audit Coverage Director (ACD) leading all Capital Planning audit coverage and assurance activities for the Firm, including U.S. Banks and other legal entities globally. Additionally, this role is responsible for Audit's Capital Planning Content Management and Oversight (CMO) office that maintains responsibility for coordinating and driving the execution of the Capital Planning audit strategy, including strengthening Capital Planning Audit communication, collaboration, consistency, and execution.
The Morgan Stanley Internal Audit Capital Planning function is comprised of multiple staff that reside within the Finance and Risk audit teams. Audit's Capital Planning function is responsible for planning and coordinating yearround audit work on Capital Planning, collaborating effectively with Internal Audit Staff members within the Business, Risk, Finance, and Technology teams. This role will report to the Head of Audit Coverage for Finance and Treasury.
The Internal Audit Division (IAD) drives attention and resources to vulnerabilities by providing an independent and wellinformed view and impactful messages about the most important risks facing our Firm. This is accomplished by performing a range of assurance activities to independently assess the quality and effectiveness of Morgan Stanley's system of internal control, including risk management and governance systems and processes. IAD serves as an objective and independent function within the Firm's risk management framework to foster continual improvement of risk management processes.

This role is a part of 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:
Identify risk and emerging risks applicable to Capital Planning, and develop and prioritize assurance plan and activities accordingly
Oversee coverage strategy for Capital Planning for the Firm and U.S Banks from end to end, and ensure that management focus areas (e.g., Basel III Endgame, etc.) and relevant FRB and OCC regulatory requirements are adequately scoped into audits, risk assessments and reviews
Coach and support team in identifying the most appropriate inspection techniques based on the identified risks
Convey increasingly complex risks and impact in a clear, concise and timely manner to senior stakeholders, including but not limited to the Board Audit Committee, Firm and U.S. Banks senior management and external stakeholders (e.g., FRB, OCC, and other regulators)
Encourage and support employees in the adoption of new assurance tools and techniques
Identify and leverage a range of relevant data sources to generate insights on risks and to facilitate discussions about the implications for the Firm
Enable the team to deliver highquality work and navigate through peak work periods and deadlines
Oversee resource utilization, monitoring and progress against targets
Build and maintain senior business relationships to assist in the development, planning and/or performing of audits focusing on all aspects of Capital Planning.
Drive execution of Audit's contribution to the Firm Capital Plan submission, including Audit's effectiveness assessment of the Capital Plan and the Capital Planning Audit Strategy; develop presentations regarding Audit's view of the Capital Plan submission for the Board of Directors and the Board Risk Committee
Representing Capital Planning Internal Audit on relevant seniorlevel committees and other governance forums
Oversee performance management for team members covering Capital Planning audits

QUALIFICATIONS

What you'll bring to the role:
Minimum years' experience, with technical understanding of core capital planning concepts and methodologies, preferably having worked in finance, capital planning or risk management internal audit in a major bank/financial institution with trading activities
Extensive knowledge of Capital Planning, including complex risks, emerging risks and relevant regulations covering stress testing, loss and revenue projections, and capital policy and management
Deep understanding of audit principles and various assurance techniques
Ability to articulate comple