New Product Approval, Associate, Framework / Core Functions

Morgan Stanley; Mumbai; On-site; INR 1,200,000 - 2,400,000; Full time

Job summary

Morgan Stanley in Mumbai seeks an Associate in Legal and Compliance to support the New Product Approval (NPA) process and oversee QA across the lifecycle. You will collaborate with global teams to ensure risk is properly managed and controls are effective.

The role involves analytics, reporting for senior management, and contributing to GenAI initiatives, as well as assisting internal audits and regulatory examinations.

Qualifications

• Bachelor's degree with 2+ years in an analytical role in financial services.
• Familiarity with financial services risk, products and governance.
• Experience with AI tools is a strong plus.

Responsibilities

• Support the NPA team in governing the global New Product Approval process for EMEA.
• Perform QA reviews to ensure risk and policy alignment.
• Track QA findings and ensure timely escalation.
• Produce management information and reporting for senior management.
• Contribute to GenAI and technology initiatives by defining requirements and testing prompts.
• Support internal audits, regulatory examinations and remediation activities.
• Participate in ad hoc projects aligned with team objectives.

Skills

Analytics

Regulatory compliance

Stakeholder management

GenAI knowledge

Education

Bachelor's Degree

Tools

JIRA

Cognos

MS Access

VBA/Macros

Excel

PowerPoint

Job description

We’re seeking someone to join our team as an Associate in the Legal and Compliance division.

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. This is an Associate level position within the New Product Approval (NPA) team, this team The NPA Department governs the process around the review and approval of new product initiatives across all Firm business lines globally to ensure that Firm infrastructure and control groups confirm support capabilities and validate that risk is adequately managed. The Department reports on new product activity to the Firm's business risk management organizations, infrastructure groups and senior management on a regular basis. In addition, the Department is responsible for routine reporting to enterprise level governance committees and engages with regulators as required.

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

• Support the Firm's NPA team in governing the global New Product Approval process, primarily for the EMEA region and related activities
• Perform quality assurance reviews throughout the NPA lifecycle to ensure risks are appropriately managed, policies and procedures are followed, and proposals align with strategic objectives
• Track and monitor QA findings, issues, action items and due dates, ensuring timely escalation and resolution
• Produce management information, metrics and reporting for senior management, governance forums and internal stakeholders
• Contribute to GenAI and technology initiatives by defining business requirements, designing and testing AI prompts, performing UAT, supporting platform administration, and partnering with technology teams to implement enhancements
• Support internal audit reviews, regulatory examinations and related remediation activities
• Participate in ad hoc projects and strategic initiatives in support of team and departmental objective

What You'll Bring To The Role

• Bachelor's Degree required with at least 2+ years of experience in an analytical role within the financial services industry
• Good understanding of and familiarity with financial services industry preferred
• Basic knowledge of products/services related to sales and trading, investment banking, investment management and wealth management preferred
• Experience with or knowledge of AI related tools is a strong plus
• Strong analytical, problem-solving, and organizational skills with exceptional attention to detail
• Proven ability to manage multiple priorities and significant workloads in a fast-paced, deadline-driven environment
• Sound judgement with the ability to identify, assess, and elevate issues appropriately
• Excellent interpersonal, communication, and stakeholder management skills, with a collaborative team-oriented approach
• Advanced proficiency in Microsoft Office, particularly Excel and PowerPoint; knowledge of MS Access and VBA/Macros is advantageous
• Comfortable working in a Windows/365 environment and able to quickly learn proprietary applications and platforms such as JIRA and Cognos
• Exposure to GenAI tools (e.g., ChatGPT, Copilot, or similar) and their practical application in business processes, testing, or workflow optimization is preferred

Coverage

Monday to Friday from 11.30 AM to 8.30 PM India time with flexibility on standard working hours for time sensitive matters (including India Public Holidays).

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.