Associate- Control Validation - Mumbai, India - Morgan Stanley

Morgan Stanley

Verified Company

Mumbai, India

2 weeks ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

Associate

Control Validation (Legal and Compliance)

Job Number:
3240908

POSTING DATE:
Nov 30, 2023

PRIMARY LOCATION:
Non-Japan Asia-India-Maharashtra-Mumbai (MSA)

EDUCATION LEVEL:
Refer to Position Description

JOB:
Compliance

EMPLOYMENT TYPE:
Full Time

JOB LEVEL:
Associate

DESCRIPTION
Control Validation

Division:
Legal & Compliance

Location:
Mumbai (NKP)

Job Level:
Associate

Company Profile

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.

The Firm's employees serve clients worldwide including corporations, governments, and individuals from more than 1,200 offices in 43 countries.

As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethic.

Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow.

A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

Department Profile

Legal and Compliance

Legal & Compliance Division (LCD) comprises of Legal, Compliance, Global Financial Crimes and Regulatory Relations.

The Global Compliance Department identifies applicable Compliance Obligations and maintains a Firmwide Compliance Risk management program, including Compliance Risks that transcend business lines, legal entities and jurisdictions of operation.

Global Financial Crimes is responsible for the development and governance of the Firm's financial crime prevention efforts across all regions and business units.

Global Financial Crimes is comprised of the Anti-Money Laundering (AML), Sanctions, Anti-boycott, Anti-Corruption (ACG), Government, and Political Activities Compliance (GPAC) programs.

The Global Regulatory Relations Group (GRRG) is responsible for strategic and centralized management of the supervisory activities of Morgan Stanley's regulators and related developments globally, with a focus on regulatory reviews and examinations and continuous monitoring activities.

GRRG serves as the central point of contact for the regulatory staff responsible for supervisory activities at Morgan Stanley entities and for timely reporting to Firm management and other governance or management bodies, as appropriate, on those relationships and supervisory processes, including areas of significant regulatory focus or concern.

LCD Center of Excellence — Mumbai (LCD CoE) is a part of Morgan Stanley's Global In-house Center, which provides global support to LCD and is an integral part of Firm and LCD strategy

Background on the Team

QUALIFICATIONS

Primary Responsibilities

Identify controls owned by respective Business Unit within the scope of review
Execute control testing to review and assess the effectiveness of the Firm's controls
Recommend corrective action plans for gaps identified from testing
Identify missing controls and provide roadmap for implementation of it
Documentation of the testing performed should be in detail, meets the Firm's internal quality standards and can be easily followed
Track status of corrective action plans agreed upon with the business
Track internal audit reviews and findings and review internal audit work-papers to identify opportunities to leverage their reviews for control testing
Prepare senior management MIs describing the controls validated, results and corrective action plans
Address queries raised by internal quality assurance teams
Remain current on industry rules, regulations, and best practices to make recommendations to the testing program.
Skills required (essential)
4 to 6 years' experience working with medium to large sized investment management firms with diverse business lines is preferred
Testing, surveillance, operational risk, or auditing experience a plus
Knowledge of the Non-Financial Risk
Knowledge of Information Security and Fraud Risk assessment and prevention and detection controls
Strong analytical, organizational, and problem-solving skills
Ability to prioritize and work effectively on multiple reviews with different individuals at the same time
Ability to work independently, as well, as in a team
Ability to work with staff of all levels across departments
Must have excellent written and oral communication skills
High degree of organization and attention to detail

Skills desired
Knowledge of global markets / market regulations
Audit experience of Stock broking firms will be preferred
Industry qualifications - CA / CIA or similar certification preferred
Coverage
Monday to Friday from 11:30 AM to 8:30 PM.

Coverage is dependent on business needs so flexibility on required finish time or full day's coverage may be required during some Indian holidays.

- "Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all indiv