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Internal Audit, Risk Management, Quantitative Analytics Group, Vice President
London
JR007120
We're seeking someone to join our team as a Vice President on the Risk Management - QAG audit team, based in London. The business covered by this role is primarily focused on the EMEA Risk Analytics and Model Risk Management (MRM) team.
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 Vice President level position within our Technical Specialist job family, which is responsible for providing extensive subject matter expertise and reinforcing the ability of business and technology audit teams to appropriately assess risk and determine and execute coverage.
Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.
What You'll Do In The Role
- Conduct risk assessment to prioritize coverage and align coverage strategy, scope of testing, and inspection techniques accordingly
- Lead a wide range of assurance activities (e.g., audits, continuous monitoring, closure verification) to assess risk and the state of controls within coverage area
- Comprehensively articulate actionable insights regarding criticality and impact of risk and how well risk is managed to senior stakeholders and regulators
- Identify KRIs/KPIs and associated data sources to inform views on risk within coverage area
- Collaborate with global peers to identify and discuss risk themes and implications across business segments
- Help inform and address talent needs within coverage area, and identify stretch and development opportunities for team members
- Manage effective deployment and utilization of resources across assurance activities and deliverables to ensure on-time delivery and quality control
- Review Risk, Capital, and Prudent Valuation models against regulatory guidance on model risk
- Lead audit activities for PRA-related matters/initiatives, involving interaction and relationship management with regulators and internal stakeholders (e.g., model owners/users, model developers, and model validators)
- Provide Subject Matter Expertise and support on financial derivatives and risk analytics in other Internal Audit engagements
What You'll Bring To The Role
- At least 8 years' relevant experience would generally be expected to find the skills required for this role
- Advanced understanding of coverage area and industry, including risks, emerging risks, and relevant regulations
- Expertise in audit principles, methodology, tools, and processes (e.g., risk assessments, planning, testing, reporting and continuous monitoring)
- Ability to analyse data and prioritize coverage and assurance activities based on the critically of risk
- Ability to inspire and support others to do their best work through active coaching, feedback, and development opportunities, and by ensuring trust and inclusion among team members
- Experience in overseeing resource utilization and monitoring progress against deliverables
- Exposure to a wide variety of products and derivatives, risk analytics, and regulatory requirements
- Detailed knowledge of and experience with model development/validation with capital/risk/derivative pricing models across multiple asset classes
- Experience with coding (e.g., Python, Matlab, R) and Power BI, Alteryx
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.
Certified Persons Regulatory Requirements
If t his role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.
Flexible work statement
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.
