Job Number: 3215596Posting Date: Jun 7, 2022Primary Location: Europe, Middle East, Africa-United Kingdom-United Kingdom-LondonEducation Level: Bachelor's DegreeJob: AuditEmployment Type: Full TimeJob Level: Senior Associate DescriptionCompany Profile
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking/ securities/ investment management and wealth management services. The Firm employees serve clients worldwide including corporations/ governments and individuals from more than 1200 offices in 43 countries.
As a market leader the talent and passion of our people is critical to our success. Together we share a common set of values rooted in integrity excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles perspectives and needs is an important part of our culture.
Internal Audit is responsible for validating whether the Firm operates in a controlled environment with appropriate risk management processes. Auditors evaluate the adequacy and effectiveness of the Firm internal controls using a risk based methodology developed from professional auditing standards. Internal Audit assists in monitoring the Firm compliance with internal guidelines set for risk management and risk monitoring, as well as external rules and regulations governing the industry. The team reports directly to the Board Audit Committee and helps verify whether the Firm meets all of its fiduciary responsibilities to shareholders while adhering to corporate-governance standards and legal and regulatory requirements.
Morgan Stanley is seeking a seasoned financial services professional with strong internal audit or extensive second line experience in Financial Crime as it relates to investment banking. The role is at Senior Manager level and reports to the EMEA Head of Compliance Legal & Company Internal Audit.
This role will lead the execution and management of EMEA internal assurance efforts, focusing on the EMEA Legal Financial Crimes and Compliance functions. Furthermore, the role will support global assurance activities with US and APAC colleagues over the financial crime prevention activities and anti-money laundering framework operated by Morgan Stanley.
Global Financial Crimes is responsible for the development and governance of the Firm's financial crime prevention efforts across all regions and business units. Global Financial Crimes is comprised of the Anti-Money Laundering (AML)/ Economic Sanctions/ Antiboycott/ Anti-Corruption (ACG)/ Anti-Tax Evasion (ATE) and Government and Political Activities Compliance (GPAC) programs.
EMEA Legal and Compliance Department is charged with day-to-day oversight and coordination of the Firm compliance with core regulatory requirements covering all businesses including Institutional Sales and Trading (Fixed Income/ Commodities/ Equities) Investment Banking/ Research and Investment Management Business across the EMEA region.
-The audit professional will be involved in the development, planning and execution of assurance work (audits/ continuous monitoring/ closure verification) across the EMEA region focusing on Financial Crimes as well as broker-dealer and swap dealer compliance focussing on UK PRA/ UK FCA and non-UK EU regulations
-Development of EMEA Audit Risk Assessment with EMEA Legal and Compliance senior management to build the EMEA audit plan
-Partner with global peers on global Legal and Compliance Reviews as well as provide Compliance and Regulatory Subject Matter Expertise to Business Audit colleagues and peers
-Execution of the audit plan within departmental methodology/ policies and standards
-On-going communication with senior management and external stakeholders to discuss status of the control environment impacting Morgan Stanley.
-Support the preparation of risk messaging to internal stakeholders and ultimately the Board Audit Committee
-Ongoing communication with regulators
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise 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. QualificationsSkills Required
-Extensive audit or compliance experience with a financial services firm with a focus on financial crime
-Strong technical understanding of the financial services regulatory environment and subject matter expertise in one or more of the following areas:
-Anti-Money Laundering (AML)
-Antiboycott / Anti-Corruption (ACG)
-Anti-Tax Evasion (ATE)
-Government and Political Activities Compliance (GPAC) programs.
-Strong stakeholder management and presentation experience with senior management and regulators
-Experience with a Regulatory Organization a plus
-Excellent communication and interpersonal skills
-Deep understanding of the internal audit process
-An undergraduate degree in business including Finance/ Accounting/ Economics or equivalent