Internal Audit Vice President - Third Party Vendor Risk Management

Internal Audit Vice President - Third Party Vendor Risk Management

Job Number : 3255599

3255599

Posting Date

Jul 26, 2024

Primary Location

Europe, Middle East, Africa-Hungary-Budapest-BudapestEducation Level : Refer to Position Description

OtherEmployment Type : Full TimeJob Level : Vice President

Description

We're seeking someone to join our team as a Vice President to provide coverage for Third Party Vendor Risk Management.

The Internal Audit Division (IAD) drives attention and resources to vulnerabilities by providing an independent and well-informed view and impactful messages about the most important risks facing our Firm.

This is accomplished by performing a range of assurance activities to independently assess the quality and effectiveness of Morgan Stanley's system of internal control, including risk management and governance systems and processes.

IAD serves as an objective and independent function within the Firm's risk management framework to foster continual improvement of risk management processes.

Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions and individuals around the world achieve their financial goals.

Morgan Stanley Budapest is an integral part of the Firm’s global critical business functions including Technology, Finance, Risk, Institutional Securities and Wealth Management.

Morgan Stanley has been rooted in the Budapest community since 2006 and is considered a leading employer among the area’s highly skilled talent.

Our innovative team delivers deep technical and mathematical expertise to support the Firm’s capabilities in quantitative analysis, data analysis, and risk management.

We are relentless collaborators and creative thinkers, fueled by our diverse backgrounds and experiences. We believe in empowering individuals to advance their careers through exposure to innovation, hands-on collaboration and enriching learning and development opportunities.

Interested in joining a team that’s eager to create, innovate and make an impact on the world? Read on

What you'll do in the role :

• Formulate and lead a wide range of assurance activities to assess risks within coverage area and the state of controls in place to mitigate them
• Proactively identify risk and emerging risk, and factor into risk assessment and assurance coverage
• Articulate actionable insights to management regarding criticality and impact of risks to the business
• Effectively partner with colleagues and stakeholders globally to drive effective working relationships
• Align projects and initiatives with department and coverage area priorities, and oversee team's execution of deliverables in accordance with audit methodology and quality standards
• Interface with and support Technology audit counterparts, representing Third Party audit in broader oversight activities, to assist in building out metrics and oversight dashboards
• Liaise with external regulators (e.g., OCC, FDIC, FRB) where required

Qualifications

What you'll bring to the role :

• At least 6 years' relevant experience would generally be expected to find the skills required for this role
• Advanced knowledge of industry, global markets and regulations relevant to coverage area
• Strong understanding of audit principles, methodology, tools and processes (e.g., risk assessments, planning, testing, reporting and continuous monitoring)
• Ability to articulate risk and impact clearly and succinctly to different audiences
• Effective change and project management techniques and ability to support teams in adapting new ways of working
• Ability to leverage and analyze data to inform focus and views on risk
• Ability to coach and mentor others and create an inclusive work environment for team
• Experience in auditing third party vendors, applications, interfaces, data processing and general controls
• Knowledge of Capital Markets, Wealth Management and Banking products and processes (e.g., mortgages, secured Lending, leveraged loan trading, securities-based lending)
• Knowledge of relevant compliance regulations (e.g., 12 CFR Part 30, Regulation E, Regulation W, AML) and data privacy (e.g., GLBA) is a plus
• Masters' or Bachelors' Degree
• CA, CPA, CISA or certifications in CERP, CRISC, CTPRP, CTPRA preferred, though not required.

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 85 years.

At our foundation are five core values : putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back that guide our more than 80,000 employees in 1,200 offices across 42 countries.

At Morgan Stanley, you will find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration.

We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world.

Learn more about how we put this commitment to action : morganstanley.com / diversity. 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.

Learn about our culture and the opportunities for professional growth at Morgan Stanley Budapest :

Build a career with impact. Visit or for more information.