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Associate - Risk Audit and Controls (Risk Process Validation Group)

Company: Morgan Stanley
Location: Baltimore
Posted on: February 16, 2020

Job Description:

Morgan Stanley

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's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.

The talent and passion of our people is critical to our continued success as a firm. Together, we share four core values rooted in integrity, excellence and strong team ethic:
1. Putting Clients First
2. Doing the Right Thing
3. Leading with Exceptional Ideas
4. Giving Back

Morgan Stanley is committed to helping its employees build meaningful careers and we strive to be a place for people to learn, achieve and grow.

Firm Risk Management

Firm Risk Management (FRM) enables Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, operational, model and other risks.

Our mission is to serve as the follow roles:

---Independent agent to set consistent principles and disciplines for risk management
---Strategic advisor to Firm management for setting risk appetite and allocating capital
---Industry leader to influence and meet regulatory standards

You will collaborate with colleagues across FRM and the Firm to protect the Firm's capital base and franchise, advise businesses and clients on risk mitigating strategies, develop tools and methodologies to analyze and monitor risk, contribute to key regulatory initiatives and report on risk exposures and metrics to enable informed and strategic decision-making. Through thoughtful analysis and clear communication we are best able to bring our ideas to the table and improve the Firm.

Firm Risk Management values diversity and is committed to providing a supportive and inclusive workplace for all employees.

Firm Risk Management's unique franchise promotes:
--- Flat, flexible and integrated global organization
--- Collaboration and teamwork
--- Credible, independent decision-making
--- Organizational influence
--- Creative and practical solutions
--- Meritocratic and diverse culture

Department Profile

RPVG is an independent process verification function within Firm Risk Management (FRM) focused on reviewing in-scope processes across Credit, Market, Liquidity and Operational Risk. Verification activities are performed to independently assess the adequacy and operating effectiveness of select processes owned and operated within FRM.

Location

The Morgan Stanley Baltimore office is a critical component of the Firm`s Global footprint and has 1,400 employees that provide support and services to the Investment Banking, Securities, Investment Management and Wealth Management Businesses.

Our office at Thames Street Wharf is located in the heart of Baltimore's Inner Harbor. Additionally, the Firm recently expanded downtown and occupies two floors at 100 South Charles in the new, up and coming neighborhood of Harbor Point, adjacent to historic Fells Point.

Background on the Team

RPVG is an independent validation and verification function across Firm Risk Management - Credit Risk, Market Risk, Liquidity Risk and Operational Risk. The team is focused on assessing the integrity of processes and controls within FRM as they support Basel regulatory risk-based capital calculations, Credit Risk and Market Risk, regulatory requirements for Comprehensive Capital Analysis & Review (CCAR), the Advanced Measure Approach (AMA) for Operational Risk.

This opportunity includes working within a team of professionals to validate core FRM processes within Morgan Stanley, specifically processes supporting risk-based capital calculations for Credit Risk, Market Risk and Operational Risk, as well as FRM-owned Capital Planning processes.

Primary Responsibilities
--- Perform independent validations of select Risk processes, including interpretation of FRB and Basel relevant regulations and implementation thereof
--- Support execution of governance, risk assessment, process review and validation, monitoring and reporting and technology strategy;
--- Leverage testing observations to contribute to improving the team's validation methodology and execution capabilities
--- Interface with key stakeholders, governing bodies and business partners to discuss the status of the validation work, results of test work, and quarterly reporting
--- Partner with Model Validation and Regulatory Reporting teams to support a unified validation program end-to-end

Qualifications:

Skills Required
--- Three to seven years of financial services experience;
--- Strong risk, process and control validation/testing and/or assessment skills;
--- A prior role within consulting or internal audit covering risk processes is preferable;
--- Strong technical understanding of the financial services regulatory environment, with a focus on Basel principles as it relates to Capital and Federal Reserve Capital Planning capital requirements and practices;
--- Strong communication, analytic, risk management, and computing skills;
--- Advanced Excel knowledge; experience working with large data sets including deconstructing data sets and/or their associated queries; knowledge of general IT controls; business analyst experience;
--- An undergraduate degree (B.A., B.S., or equivalent) required

Skills Preferred
--- Experience with core banking, investment and trading products, regulations and typologies;
--- A prior role within SOX/financial statement audit, consulting or internal audit covering risk process is preferable;
--- Strong technical understanding of the financial services regulatory environment, with a focus on Basel principles as it relates to Capital and Federal Reserve Capital Planning capital requirements and practices

Keywords: Morgan Stanley, Baltimore , Associate - Risk Audit and Controls (Risk Process Validation Group), Accounting, Auditing , Baltimore, Maryland

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