Morgan Stanley

Posting Date

Apr 5, 2024

Primary Location

Europe, Middle East, Africa-Hungary-Budapest

Job

Compliance Full Time Director

Description

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

Legal & Compliance Division (LCD) comprises of Legal, Compliance, Global Financial Crimes and Regulatory Relations.

• The Legal Department provides guidance, requirements, and procedures for understanding and complying with the laws, regulations and Firm policies that apply to our businesses. 
• The Global Compliance Department identifies applicable Compliance Obligations and maintains a Firmwide Compliance Risk management program, including Compliance Risks that transcend business lines, legal entities and jurisdictions of operation.
• 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), Sanctions, Anti-boycott, Anti-Corruption (ACG), Government, and Political Activities Compliance (GPAC) programs.
• The Global Regulatory Relations Group (GRRG) is responsible for strategic and centralized management of the supervisory activities of Morgan Stanley’s regulators and related developments globally, with a focus on regulatory reviews and examinations and continuous monitoring activities. GRRG serves as the central point of contact for the regulatory staff responsible for supervisory activities at Morgan Stanley entities and for timely reporting to Firm management and other governance or management bodies, as appropriate, on those relationships and supervisory processes, including areas of significant regulatory focus or concern.

Operational Risk refers to the risk of financial or other loss, or potential damage to a firm's reputation, resulting from inadequate or failed internal processes, people, systems, or from external events. Operational Risk Department (ORD) defines the framework, standards, and governance for Operational Risk for the Firm, and implements and monitors the company-wide operational risk program. ORD works with the business units and control groups to help ensure Morgan Stanley has a transparent, consistent, and comprehensive program for managing operational risk, both within each area and across the firm globally.

The successful candidate will plan and execute full-scope and other tests on engagements assigned by Technology Risk Testing. The Technology Risk Testing team is part of the broader Global 2LOD Non-Financial Risk Testing organization. The team plans and executes the Technology Risk annual testing plan.

You will:

• Attend engagement kickoff meetings.
• Interview stakeholders, request and review pertinent policies, standards, procedures, KRI metrics, and other documents, walk through relevant processes and control environments.
• Determine and propose appropriate test activities and develop engagement scope memos.
• Develop test scripts and recipe cards.
• Request and validate receipt of relevant data and samples for testing.
• Execute and document test activities in test workpapers. Test activities may include process deep dives, control design reviews, control effectiveness tests, or outcomes based tests.
• Identify and escalate potential test findings.
• Propose action plans and remediation requirements.
• Prepare test reports.
• Coordinate with Technology Risk testing personnel globally to track the progress of the test plan for reporting to senior management.
• Track status of corrective action plans agreed upon with the business
• Track internal audit reviews and findings and review internal audit work-papers to identify opportunities to leverage their reviews for Technology Operational Risk testing reviews
• Remain current on industry rules, regulations, and best practices to make recommendations to the testing program.

Qualifications

You have: 

• 9+ years’ experience working with medium to large sized firms in technology risk management/technology operational risk testing/technology internal audit/information technology control governance testing 
• Certified Internal Auditor (CIA) or Certified Information Systems Auditor (CISA) or Certified in Risk and Information Systems Control (CRISC) designations are highly desirable.
• Other relevant industry certification in the Technology field (e.g. CISSP, cloud certifications, etc) are a plus.
• Experience leading and conducting Technology reviews.
• Investigative skills – inquiry and analysis, interviewing, testing, risk assessment capabilities
• Strong analytical, organizational, and problem-solving skills.
• Ability to prioritize and work effectively on multiple reviews with different individuals at the same time.
• Ability to work independently, as well, as in a team.
• Ability to work with staff of all levels across departments.
• Must have excellent written and oral communication skills.
• High degree of organization and attention to detail.
• Proficiency with Microsoft Word, Excel, PowerPoint, Adobe, SharePoint, Bloomberg, and ability to quickly learn automated systems, such as trade order management systems, portfolio accounting systems, pre/post trade surveillance systems and web applications.

You might also have:

• Knowledge of global markets / market regulations
• Audit experience of Stock broking firms will be preferred
• Industry qualifications - CISA/ DISA or similar certification preferred

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 85 years. At our foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect, and cross collaboration. Our Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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. 

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.