Regulatory Reporting Quality Assurance (RRQA)
Morgan Stanley•Glasgow, Scotland, UK
fulltime
Quality Assurance
10+ years
Glasgow
JR026526
We are seeking a Director in the Finance Division's Risk and Assurance (FinRiA) group, specifically into the Regulatory Reporting Quality Assurance (RRQA) team.
This is a Director level position within our 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 and reinforcement of regulatory requirements, policies and procedures.
The FinRiA group is represented in our New York, Glasgow, London, Tokyo and Hong Kong offices and performs an oversight, governance and execution role in support of the Firm's operational risk programmes and objectives. The group interacts across all areas of Finance, the Firm Operational Risk Department, the Front Office, Internal Audit and Operations, supporting accurate risk reporting across Finance whilst furthering the risk management culture and infrastructure.
The RRQA team works collaboratively across New York, Glasgow, and Mumbai on a validation programme to support the continuously expanding regulatory reporting environment impacting the Morgan Stanley Finance division.
In the Finance division, we act as a partner to business units around the globe by providing management, review, analysis and advisory services of the Firm’s financial and capital resources. This is an Associate within our 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 and reinforcement of regulatory requirements, policies and procedures.
Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.
What will you be doing? RRQA is an independent, second line of defence (2LOD) function within the Finance department. The team’s role is to validate processes and controls supporting Finance-owned reports and components across Capital, Credit, Market, Operational, Liquidity and other reporting submitted to global regulators, from transaction capture through to final reporting. Products subject to review may include derivatives, securities financing transactions, loans, securitizations, debt and equity.
The successful candidate will be responsible for leading a workstream within the US/EMEA validation book of work. Responsibilities will include developing validation approaches, engaging with stakeholders, and leading a small team of individuals to execute the validation activity.
The RRQA role offers significant opportunities to learn about the broader Firm as the validation programme encapsulates many different types of reporting (e.g. capital, liquidity, recovery planning) and stakeholders (e.g. Finance, Operations, Technology). The role is also project-based (e.g. not daily, weekly, monthly reporting) which offers variety in the work performed, continued learning and flexibility.
What We’re Looking For
Skills Desired
#GLACC
What You Can Expect From Morgan Stanley At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 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.
Certified Persons Regulatory Requirements If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.
Flexible work statement Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.