Job Description

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.

Internal Audit
Internal Audit is responsible for validating whether the firm operates in a controlled environment with appropriate risk-management processes. Auditors evaluate the adequacy and effectiveness of the firm’s internal controls using a risk-based methodology developed from professional auditing standards. Internal Audit assists in monitoring the firm’s compliance with internal guidelines set for risk management and risk monitoring, as well as external rules and regulations governing the industry. The team reports directly to the Board Audit Committee and helps verify whether the firm meets all of its fiduciary responsibilities to shareholders, while adhering to corporate-governance standards and legal and regulatory requirements.

Internal Audit is comprised of Business, Risk, Compliance and Technology auditors. Business and Risk auditors focus on understanding the risks that the businesses face and the controls to mitigate those risks. Technology auditors focus on the application controls supporting the business processes, including systems development, application security and entitlements, production management, and technology governance. Both groups are responsible for understanding, analyzing and testing the controls to protect the franchise.

This role is an executive director role to be the local lead of the Risk Audit team located in Mumbai, India which is team of 30 auditors covering market, credit, model, liquidity, and operational risk as well as credit review function. The role involves liaising with the relevant global Audit Coverage Directors (ACD) in New York and London regarding audit staffing and execution. Additionally, the role involves local management responsibilities of the team. The role sits within the Internal Audit division which provides assurance that the firm operates in a controlled environment with appropriate risk-taking processes. The selected candidate would report to the relevant global Risk Audit Coverage Director in NY.

Primary Responsibilities

• Oversee in collaboration with Global ACD’s for Risk Audit members in Mumbai covering Market Risk, Treasury, Liquidity, Model Risk, Credit Risk and Operational Risk audit teams
• Coordinate audit coverage with Global Audit Coverage Director (ACD) across risk stripes
• Establish ongoing and continuous monitoring routines with key Business and Risk stakeholders based in Mumbai to cover business activities and evolving risks
• Manage administrative responsibilities as local Head of Risk Audit team in Mumbai, India for Global Risk Audit team
• Provide Subject Matter Expert support as needed for various risk management audit coverage activities
• Coordinate local training and development activities / requirements for local Risk Management audit team members

Qualifications - External

Skills required (essential)
At a minimum, the successful candidate would be expected to demonstrate the below skills & experience:

• Diversified knowledge and experience of processes and controls for Risk Management and/or Risk Management audit within Financial Services
• Hands-on risk audit and/or risk management experience in at least one of the risk disciplines (Market/Credit/Operational/Model) for 10+ years
• Exposure to a wide variety of capital market products including derivatives, risk analysis methods and valuation methodologies and regulatory requirements.
• Experience in managing and leading and motivating team of experienced as well as junior risk audit SME and team members
• Communication and presentation skills tailored to senior management and regulators

Skills desired

• Specific experience with FRB/PRA/regulatory model-related matters

• FRM certification preferred.
• CIA or relevant audit designations

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