AVP, US Banks, Business Risk Testing and Validation

Internal Controls Testing Supervisor

Morgan Stanley is a global financial services leader with three core businesses - Institutional Securities, Asset Management, and Global Wealth Management. Wealth Management is offered by Morgan Stanley Smith Barney (MSSB), which has one of the world's largest networks of Financial Advisors. The Morgan Stanley U.S. Banks have expanded upon a suite of world-class banking and lending products exclusively for Financial Advisors and their clients. In addition to our comprehensive financial services, which include brokerage, investment advisory, financial and wealth planning, annuities, insurance and retirement, Morgan Stanley has invested in and enhanced its lending, mortgage, trust and cash management capabilities.

The Morgan Stanley U.S. Banks continue to execute on a set of multi-year strategic priorities that are aligned with the broader Firm strategy. Within the Deposits and Cash Management team, there is continued emphasis on growth in the core product offerings. The recent integration of E

• TRADE continues to provide an enormous opportunity for growth and expansion of Bank product offerings.

Summary

Responsible for supervising and executing the internal controls testing program within the first line Operational Risk Management team covering Morgan Stanley Private Bank, NA and Morgan Stanley Bank, NA, to include business and IT controls. This position will assist in oversight of the team responsible for the evaluation of the adequacy and effectiveness of Bank related internal controls, to include remediation of control deficiencies cited by internal or external examinations.

Responsibilities

Execute design and operating effectiveness testing of operational controls identified by Bank management, which could include financial, technology, and / or compliance components

Supervise and review the preparation of work papers, schedules, and summaries documenting testing and issues identified with a high level of quality

Validate remediation of control deficiencies, Matters Requiring Attention (MRAs), etc.

Proactively manage the control testing program to the project plan and communicate roadblocks or delays as appropriate

Track and report key project milestones and metrics to senior management, Board and regulators as needed

Participate in risk and control change management projects with management and provide recommendations for improvement

Support ad-hoc Bank management initiatives in collaboration with second and third lines of defense

Requirements

Bachelor's degree in Accounting, Finance, Economics, or related field is required

5-8 years relevant experience in relevant experience in public accounting, similar risk / testing function, minimum of two years in financial services

Strong risk and control mindset with outside-the-box thinking

Strong oral and written communication skills

Ability to leverage and analyze data to inform focus and views on risk

Strong analytical and problem-solving skills

Ability to build and maintain professional relationships with key stakeholders / process owners

Working knowledge of key US banking regulations

Working knowledge of data, application, IT general and end user computing controls

Preferred Qualifications

CPA, CIA or CISA designation preferred (or progress towards)

What You Can Expect From Morgan Stanley

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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.