Internal Audit, Executive Director - Capital Planning (Finance and CMO)

Internal Audit, Executive Director - Capital Planning (Finance and CMO)

Job Number : 3252929

3252929

Posting Date

May 22, 2024

Primary Location

Americas-United States of America-New York-New YorkEducation Level : Bachelor's Degree

OtherEmployment Type : Full TimeJob Level : Executive Director

Description

We’re seeking someone to join our team as an Executive Director who will have responsibility as the Audit Coverage Director (ACD) leading all Capital Planning audit coverage and assurance activities for the Firm, including U.

S. Banks and other legal entities globally. Additionally, this role is responsible for Audit's Capital Planning Content Management and Oversight (CMO) office that maintains responsibility for coordinating and driving the execution of the Capital Planning audit strategy, including strengthening Capital Planning Audit communication, collaboration, consistency, and execution.

The Morgan Stanley Internal Audit Capital Planning function is comprised of multiple staff that reside within the Finance and Risk audit teams.

Audit's Capital Planning function is responsible for planning and coordinating year-round audit work on Capital Planning, collaborating effectively with Internal Audit Staff members within the Business, Risk, Finance, and Technology teams.

This role will report to the Head of Audit Coverage for Finance and Treasury.

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.

This role is a part of Business Audit, which is responsible for inspecting controls in front, middle and back offices.

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.

Location : New York, NY (Hybrid 3x per week in office)

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 :

• Identify risk and emerging risks applicable to Capital Planning, and develop and prioritize assurance plan and activities accordingly
• Oversee coverage strategy for Capital Planning for the Firm and U.S Banks from end to end, and ensure that management focus areas (e.

g., Basel III Endgame, etc.) and relevant FRB and OCC regulatory requirements are adequately scoped into audits, risk assessments and reviews

• Coach and support team in identifying the most appropriate inspection techniques based on the identified risks
• Convey increasingly complex risks and impact in a clear, concise and timely manner to senior stakeholders, including but not limited to the Board Audit Committee, Firm and U.

S. Banks senior management and external stakeholders (e.g., FRB, OCC, and other regulators)

• Encourage and support employees in the adoption of new assurance tools and techniques
• Identify and leverage a range of relevant data sources to generate insights on risks and to facilitate discussions about the implications for the Firm
• Enable the team to deliver high-quality work and navigate through peak work periods and deadlines
• Oversee resource utilization, monitoring and progress against targets
• Build and maintain senior business relationships to assist in the development, planning and / or performing of audits focusing on all aspects of Capital Planning.
• Drive execution of Audit's contribution to the Firm Capital Plan submission, including Audit's effectiveness assessment of the Capital Plan and the Capital Planning Audit Strategy;

develop presentations regarding Audit's view of the Capital Plan submission for the Board of Directors and the Board Risk Committee

• Representing Capital Planning Internal Audit on relevant senior-level committees and other governance forums
• Oversee performance management for team members covering Capital Planning audits

Qualifications

What you'll bring to the role :

• Minimum 12 - 15 years' experience, with technical understanding of core capital planning concepts and methodologies, preferably having worked in finance, capital planning or risk management internal audit in a major bank / financial institution with trading activities
• Extensive knowledge of Capital Planning, including complex risks, emerging risks and relevant regulations covering stress testing, loss and revenue projections, and capital policy and management
• Deep understanding of audit principles and various assurance techniques
• Ability to articulate complex risks in a clear and concise manner and guide team in their communication
• Ability to provide effective coaching, real-time feedback, and stretch and development opportunities to help team achieve success
• Ability to create a work environment that fosters trust, idea sharing, and inclusion among team members
• Significant experience overseeing resource utilization and monitoring progress against deliverables
• Experience in dealing with regulators and understanding their expectations for documentation, closure verification work and coverage of relevant regulatory requirements
• 4-year college degree in a business discipline (e.g., Finance, Economics, Accounting)

Skills Desired

• Expertise in proposed Basel III Endgame rules
• CPA, CIA, CFA and / or FRM qualifications a plus
• Masters in Finance or Risk

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.

Expected base pay rates for the role will be between $160,000 and $250,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence.

Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools.

We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership / union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M / F / Disability / Vet).