Morgan Stanley

Posting Date

Jan 23, 2023

Primary Location

Europe, Middle East, Africa-Hungary-Budapest-Budapest Bachelor's Degree

Job

Audit Full Time Associate

Description

Given the continued spread of COVID-19 (coronavirus), all interviews will be conducted by phone or virtual connection to protect our candidates and employees.

Division

Morgan Stanley's Internal Audit Department (IAD) comprises Business, Risk and Technology Auditors; Subject Matter Experts (e.g., Risk, Data Analytics); and support functions (e.g. Audit Practices Group, Enterprise Analytics etc.) that are responsible for ensuring that the department adheres to professional, regulatory and Firm policies and procedures. IAD provides independent assurance on the quality and effectiveness of the Firm's internal control, risk management, and governance systems and processes. It achieves this by identifying and assessing the operating risks of the Firm and evaluating the adequacy and effectiveness of the Firm's system of internal control. The division provides opportunity to gain unique insight on the financial industry and its products and operations.

We're looking for detail-oriented team players who have an interest in financial markets and want to gain insight into the firm's operations and control processes.

The Team: Finance (Liquidity & Funding) Audit

The Liquidity & Funding audit team resides within the Finance audit team and reports to a senior member of the Finance audit group. The team's responsibility is to plan and coordinate year-round audit activities covering the Firm's Corporate Treasury function and the Liquidity Risk Department, working effectively with other Internal Audit staff in Finance, Risk, Business, Technology and regional audit teams.

You will:

• Participate in assurance activities to assess the effectiveness of controls supporting the Firm's Liquidity and Funding processes.
• Participate in and document periodic continuous monitoring and risk assessment activities
• Prepare and support assurance planning documentation, participate in walkthroughs, and assess the internal control environment through control and substantive testing.
• Execute test work to evaluate the adequacy of design and operating effectiveness of significant controls in mitigating key risks, by analyzing available documentation, asking insightful questions to identify root causes, drawing the appropriate conclusions and documenting the results of work performed.
• Develop and communicate audit observations to the Internal Audit lead auditor/manager; assist with negotiating finalization of issues with client management.
• Finalize and review work papers to ensure they meet internal quality assurance standards.
• Gain expertise in the Firm's Liquidity & Funding processes, risks and controls
• Build credible relationships with internal audit staff and clients and communicate effectively both orally and in written form.

Qualifications

You have:

Knowledge and Skills:

• 2 - 3 years of experience in internal or external audit preferably in the financial services industry.
• Prior experience performing walkthroughs and risk assessments of the internal control environment, performing controls and substantive testing, documenting work performed, and developing audit observations, in accordance with internal quality assurance standards.
• General understanding of the financial services industry and the associated regulatory environment.
• Self-motivated, able to work independently, resolve challenging issues with innovative ideas, and demonstrate strong analytical, interpersonal, team-working and communication skills.
• Team player; able to communicate clearly and develop effective relationships.
• Prior experience with funding and liquidity risk management processes a plus.
• Awareness of the reporting and other regulatory requirements related to assessing a bank's overall liquidity framework is a plus.
• Knowledge of funding and liquidity regulatory rules a plus like LCR, NSFR, 2052 a liquidity reporting a big plus

Educational Qualification:

• Masters'/ Bachelors' Degree (major in Accounting or Finance preferred)
• CA, CPA, ACCA or equivalent certification (preferred, though not required)
• Understanding of the Internal Audit processes (e.g., risk assessments, planning, testing, reporting and continuous monitoring) (Required)

Coverage

Monday to Friday from 9AM to 6PM CET with flexibility on standard working hours for time sensitive matters.

Occasional after 6PM calls with US stakeholders.

About Morgan Stanley:

Morgan Stanley provides a superior foundation for building a professional career - a place for people to learn, achieve and grow. You will be exposed to a truly international and multi-cultural environment that appreciates and respects individuality. Our state-of-the-art offices in the City Centre have been designed to maximize collaboration.

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.

Learn about our culture and the opportunities for professional growth at Morgan Stanley Budapest: Build a career with impact. Visit morganstanley.hu or LinkedIn for more information.