Centralized Closure Verification, Associate, Business Audit

Morgan Stanley; Mumbai City; On-site; INR 900,000 - 1,300,000; Full time

Job summary

Morgan Stanley is seeking an Associate for the Centralized Closure Verification team in Audit. This role focuses on closure verification of audit/regulatory issues, assessing remediation efforts, and testing control effectiveness across front, middle, and back offices.

The ideal candidate has 3-6 years in Audit/Control within banking and holds finance-related degrees or relevant certifications. We value collaboration, rigorous analysis, and the ability to adapt to evolving audit tools and

Qualifications

• 3-6 years of experience in Audit or Control functions within banking/financial services
• Ability to multi-task and deliver within tight timeframes
• Commitment to inclusive behaviours and willingness to give/seek feedback
• Experience with regulatory requirements (Heightened Standards) within large Banks
• Finance-related degree preferred (Masters or Bachelors)
• Certifications such as ACA, CPA, CIA, CRMA, CAMS, CISA, CISM preferred

Responsibilities

• Understand audit principles, tools and issue validation/closure verification processes
• Validate remediation efforts and new controls or corrective actions
• Test design and operating effectiveness of controls
• Communicate with stakeholders and gather supporting documentation
• Formulate viewpoints and provide credible recommendations to stakeholders
• Document testing results in line with guidelines/methodology
• Adopt new audit tools and data analytics for efficient validation
• Identify efficiencies and process improvements in issues validation

Skills

Audit experience

Regulatory awareness

Communication and collaboration

Education

Masters/ Bachelors in Finance (preferred)

ACA, CPA, CIA, CRMA, CAMS, CISA, CISM or equivalent (preferred)

Job description

We’re seeking someone to join our team as an Associate in our Centralized Closure Verification team responsible for closure verifying audit and regulatory identified issues.

In the Audit division, we provide senior management an objective and independent assessment of the Firm’s internal control environment for risk management and governance. This is an Associate level position within Business Audit, which is responsible for inspecting controls in front, middle and back offices.

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:

• Understanding of the audit principles, tools, processes especially around issue validation/closure verification process which primarily includes the following

• Conduct comprehensive validation of remediation efforts including enhanced/new controls and/or corrective actions completed by the Management

• Understanding the risks and root cause associated to the issues and testing of the design and/or operating effectiveness of the controls in a timely manner

• Effectively communicate with stakeholders to gather supporting documentation and provide real time updates

• Formulate viewpoint on the appropriateness of Management’s remediation efforts and provide credible challenge and recommendations to stakeholders where needed

• Document the work performed to clearly articulate the results/conclusion of testing or validation activities in line with guidelines/methodology

• Ability to understand and adopt new audit tools and techniques (e.g., data analytics) and participate in learning and development opportunities to ensure the use of best-in-class processes and procedures

• Identifying and implementing efficiencies and process improvements related to the issues validation work

What you’ll bring to the role:

• 3-6 years of working experience within Audit or Control functions (like Risk management or Compliance) within banking industry

• Ability to effectively multi-task and manage multiple competing deliverables within tight timeframes without compromising on quality of output

• A commitment to practicing inclusive behaviors

• Willingness to solicit and provide feedback to further develop self and peers

• Prior relevant experience in the financial services industry is required with basic understanding of the business (such as Sales & Trading, Investment Banking, Investment Management, Wealth Management etc.) and/or technology as well as of relevant regulatory requirements (i.e., Heightened Standards) for large Banks and related regulatory requirements/expectation

• Masters’/ Bachelors’ Degree (Finance related preferred)

• ACA, CPA, CIA, CRMA, CAMS, CISA, CISM qualifications or equivalent is preferred

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.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.