Internal Audit, Business Audit, Director (AVP equivalent)

Internal Audit, Business Audit, Director (AVP equivalent)
Glasgow 
JR030039
    
We're seeking a seasoned audit professional to join our team as a Director in Glasgow responsible for assurance execution related to U.S. banking regulations, particularly Regulations W and K. This role will lead global audits and oversight activities related to affiliate transaction compliance and foreign banking organization requirements, and serve as a senior subject-matter expert supporting a global audit portfolio across U.S. Banks, international branches, and affiliated businesses. The role requires strong regulatory knowledge, experience interacting with OCC and Federal Reserve examiners, and the ability to lead complex, multi-jurisdictional audits.

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 position within Business Audit, which is responsible for inspecting controls in front, middle and back offices. 

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:  
•    Help identify risk and impact to relevant coverage area to prioritize areas of focus 
•    Execute and lead aspects of global assurance activities (e.g., audits, continuous monitoring, closure verification) to assess risk and formulate a view on the control environment and ensure compliance with Reg W and Reg K
•    Facilitate conversations with stakeholders on risks, their impact and how well they are managed in a clear, timely and structured manner 
•    Drive Reg W/Reg K risk assessment and global coverage planning to ensure required audit scope and regulatory alignment
•    Oversee and validate remediation of audit and regulatory issues, ensuring robust design and operating effectiveness testing
•    Support engagements with OCC, Federal Reserve, and other regulators, providing high quality written materials and responses
•    Provide global subject matter expertise and contribute to training, methodology enhancements, and thematic reviews
•    Assist in managing multiple deliverables in line with team priorities 
•    Solicit and provide feedback and participate in formal and on-the-job training to further develop self and peers

What you’ll bring to the role: 
•    At least 4 years' relevant experience would generally be expected to find the skills required for this role 
•    Understanding of business line and key U.S. banking regulations including: 
- Regulation W (Intercompany/affiliate transaction compliance)
- Regulation K (Foreign banking organization and international branch/subsidiary governance)
•    Experience assessing controls related to: 
- Intercompany transactions, credit extensions, intragroup services
- Foreign investment approvals, country risk management, and cross border funding
- FR Y 8, FR Y 10 and related regulatory reporting
•    Experience supporting regulatory exams and navigating OCC/Federal Reserve expectations.
•    Strong communication skills with the ability to articulate complex regulatory issues to senior stakeholders and regulators.
•    Bachelor's degree in Accounting, Finance, Economics, or related discipline
•    Strong understanding of audit principles, methodology, tools and processes (e.g., risk assessments, planning, testing, reporting and continuous monitoring) 
•    Ability to identify and analyze multiple data sources to inform point of view
•    Ability to ask meaningful questions, understand various viewpoints and adapt messaging accordingly
•    A commitment to practicing inclusive behaviors
•    Professional certifications (e.g., CIA, CPA, CAMS, CRCM) preferred.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 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.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices​ into your browser.

Certified Persons Regulatory Requirements:
If this 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.