Non-Financial Risk Testing Director (AVP equivalent)

Morgan Stanley; City of Westminster; On-site; GBP 60,000 - 80,000; Full time

Job summary

A global financial services leader is seeking a motivated individual for the EMEA NFR Team based in Glasgow. The role focuses on executing assurance reviews, contributing to the design of NFR Tests, and coordinating investigations of compliance issues. Candidates should have over 5 years of experience in regulatory compliance testing with a strong background in financial institutions. The position promotes flexible working arrangements and requires solid judgment, analytical, and communication skills.

Benefits

Flexible working opportunities

Qualifications

• 5+ years of relevant experience in regulatory compliance testing mandatory.
• Confidence and good judgment essential for role.
• Desired experience in financial institution compliance.

Responsibilities

• Execute control focused testing across business units.
• Coordinate investigation of potential issues and document actions.
• Manage closure verification of actions.

Skills

Regulatory compliance testing

Analytical skills

Communication skills

Organizational skills

Education

University degree or equivalent

Job description

Overview

In the Legal & Compliance division, we assist the Firm in achieving its business objectives by facilitating and overseeing the Firm's management of legal, regulatory and franchise risk.

The EMEA Non-Financial Risk (NFR) Testing Team provides independent oversight activities performed to assess the Firm's overall control framework related to Compliance and Operational Risk. The EMEA NFR Testing Team covers all businesses as well as controls and processes owned and operated by supporting control functions, including but not limited to Operations, Technology, Compliance, HR, and Finance.

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 you'll do in the role

• This role will be based in the EMEA NFR Team in Glasgow performing assurance reviews of testing deliverables, and the candidate will report into the EMEA Head of NFR Testing based in London.
• The candidate will contribute to the design and execution of a portfolio of NFR Tests across business units in EMEA and, where required, globally. This execution-based role will involve working closely with Compliance and Operational Risk coverage teams as well as business unit stakeholders.
• The role will include the following components of Testing:
• Planning and participating in walkthroughs to create proportionate, risk-based scopes.
• Executing control focused testing (design effectiveness, operational effectiveness and outcomes based).
• Coordinating the investigation and escalation of potential issues and documentation of agreed action plans.
• Managing closure verification of actions, including the assessment of evidence to support closure.
• Supporting aspects of NFR Testing Management Information.
• The candidate will work closely with EMEA NFR Testing colleagues based in London, Frankfurt, and Mumbai and, where required, colleagues from other Global Testing Teams.

Qualifications

Typically, 5+ years' relevant experience would generally be expected to find the skills required for this role.

• The candidate will have experience in regulatory compliance testing, monitoring, assurance, or audit experience at a financial institution; Investment Banking or Sales and Trading experience is preferred.
• Familiarity with European and specifically UK compliance issues and interpreting relevant law and regulation.
• The candidate should be confident, able to use their initiative and possess good judgment, analytical, communication and organisational skills and be an accomplished team player.
• University degree or equivalent and/or professionally qualified, e.g. in law or accountancy, with relevant years of experience of working in Compliance within the financial services industry (desirable).

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.

Equal Opportunities

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.