Internal Audit Director - Quality Assurance & Improvement

We are seeking an Audit professional to join our team as a Director in the Quality Assurance and Improvement group within the Internal Audit Division. The successful candidate will help ensure that audit and regulatory requirements are being met in accordance with set standards.

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 is a Director level position within the Internal Operations & Quality Control family, which is responsible for efficient and effective functioning of the department, supporting the ultimate delivery of high-quality assurance services.

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)

What You'll Do In The Role

• Execute quality assurance (QA) test program to ensure compliance with department policies and standards governing assurance activities (e.g., audits, risk assessments and closure verification)
• Proactively identify risk and emerging risk, and factor into QA coverage
• Articulate actionable insights to Internal Audit management regarding criticality and impact of risks and observations identified in QA reviews to the department
• Effectively partner with colleagues and stakeholders globally to drive effective working relationships
• Align projects and initiatives with department and coverage area priorities and execute deliverables in accordance with QA&I program standards and guidance.
• Draft high quality QA reports
• Track and verify corrective actions arising from QA reviews
• Assist with QA's improvement initiatives
• Assist with production of regulatory requests
  
  

What You’ll Bring To The Role

• Generally, we would expect to find the skills required for this role in individuals with at least 6-8 years’ relevant experience
• Advanced knowledge of industry, global markets and regulations relevant to Banking
• 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, in both verbal and written form, 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
• Previous audit experience with a complex or medium size bank
• Ability to multi-task and manage multiple projects and deadlines
• Ability to work independently
• CPA, CIA or other related license preferred
  
  

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.

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).

Expected base pay rates for the role will be between $90,000 and $185,000 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.

Posting Date

Aug 9, 2024

Primary Location

Americas-United States of America-New York-New York

Education Level

Bachelor's Degree

Job

Other

Employment Type

Full Time

Job Level

Director