Regulatory Reporting Quality Assurance Vice President
Morgan Stanley•New York, NY
fulltime
Legal
10+ years
Job Summary The role will reside within the Finance Division, under the Finance Risk and Assurance group, specifically into the group's Regulatory Reporting Quality Assurance team (RRQA). The Finance Risk and Assurance group is represented in our Glasgow, London, New York, Tokyo, Hong Kong and Mumbai offices performing an oversight, governance, and execution role in relation to the Finance division in support of the Firm's operational risk programs and objectives. The group interacts across all areas of Finance, Firm Operational Risk Department, the Front Office, Internal Audit as well as Operations, providing accurate risk reporting across Finance whilst furthering the risk management culture and infrastructure. The RRQA team within this group sits in the New York, Glasgow, and Mumbai offices.
The Regulatory Reporting Quality Assurance Vice President will be responsible for performing various activities related to second line independent validations. They will work to promote completeness and accuracy of regulatory reporting data quality by independently validating Capital, Capital Planning, Credit and Market Risk, and Recovery & Resolution Planning processes and controls from transaction capture through to global regulatory reporting. Products subject to review may include derivatives, loans, securitizations, and other debt and equity. They will be responsible for working closely with global Pillar leads including Liquidity reporting.
This is a Vice President level position within the Risk, Assurance, Governance & Control job family which provides oversight and monitoring of operational risk or third party/outsourcing for the global Finance division. Validation and testing of financial and regulatory reports. Also may include responsibility for control and governance reinforcing regulatory requirements, policies and procedures. Includes FinRiA and functional Risk leads.
Responsibilities > Cultivating relationships across the organization with key constituency groups, such as Regulatory Reporting, Product Controllers, Operations, Treasury, Technology, Credit Risk, and Market Risk
> Monitoring, tracking and reporting/presenting project progress to Senior Management
> Perform data analysis to identify anomalies or issues in the testing approach
> Identify the root cause for control deficiencies and evaluate management action plans to address deficiencies
> Document internal activities, identified issues, and conclusions to assist the
Qualifications > A bachelor's degree in an accounting, finance or business discipline, supported by 10+ years work experience, preferably in financial services or in a public accounting firm
Skills Required > Experience working in the financial services industry, with an understanding of CCAR, Basel, Liquidity and/or other regulatory reporting (e.g., prior experience in a line role or supporting a finance or reporting function)
> Ability to organize and present data in a meaningful way, including analysis and summaries detailing information from various sources
> Strong documentation skills including the audit scope, test papers and issues that may arise
Preferred > Prior audit (external, internal and/or SOX) experience
> Experienced with testing and assessing remediation plans
> Robust analytical and problem-solving skills; exhibit professional skepticism and curiosity
> Strong communication skills including presentation and written skills, including the ability to liaise with and influence senior subject matter experts
> Possesses keen attention to detail and able to manage time efficiently
> Seeking a candidate who is positive, proactive, engaged and open to new ways of doing things
> Ability to work within a team and to collaborate with peers and leadership to create effective solutions to validation issues
What You Can Expect From Morgan Stanley We have a track record of innovation and passion for unlocking new opportunities, we help our clients raise, manage and allocate capital. We do this by offering a wide range of investment banking, securities, wealth management and asset management services. All that we do at Morgan Stanley is driven by our five core values: do the right thing, put clients first, lead with exceptional ideas, commit to diversity and inclusion, and give back. These aren’t just beliefs, they guide the decisions we make every day, ensuring we do what's best for our clients, communities and more than 80,000 employees around the world. And at the core of our success are the people who drive it - relentless collaborators and creative thinkers who are fueled by diverse thinking and experiences. Wherever you are in our 1,200 global offices, you’ll have the opportunity to work alongside the best and the brightest in an environment where you are empowered to achieve your full potential. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about\-us/global\-offices into your browser.
What You Can Expect From Morgan Stanley We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.
To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about\-us/global\-offices into your browser.
Expected base pay rates for the role will be between $120,000 and $205,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).