Regulatory Reporting Quality Assurance Director

Regulatory Reporting Quality Assurance Director

Company 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's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 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.

Department Profile : The Finance Division reports to the Chief Financial Officer and consists of some 2500 employees worldwide. Finance protects the Morgan Stanley franchise by serving as guardian of the Firm's books and records, and by contributing to firm wide risk management and risk reduction. This division maintains relationships with Morgan Stanley's various industry and government regulators, and also serves as the conduit of financial information to the outside investment community. Finance plays a critical role as advisor to Morgan Stanley's various businesses and its senior management team.

Job Summary : The role will reside within the Finance Division, under the Finance Risk and Assurance group, specifically into the group's Regulatory Reporting Quality Assurance team (RRQA). The Finance Risk and Assurance group is represented in our Glasgow, London, New York, Tokyo, Hong Kong and Mumbai offices performing an oversight, governance and execution role in relation to the Finance division in support of the Firm's operational risk programs and objectives. The RRQA team within this group sits in the New York, Glasgow and Mumbai offices. The Regulatory Reporting Quality Assurance Director will be responsible for performing various activities related to second line independent validations. They will work to promote completeness and accuracy of regulatory reporting data quality by independently validating Basel / Liquidity processes and controls from transaction capture through to global regulatory reporting. Products subject to review may include derivatives, loans, securitizations, and other debt and equity.

Responsibilities : Design programs to test controls to ensure they are working as designed by reviewing documentation, meeting with management to discuss the business processes, and observing general business operations. Perform data analysis to identify anomalies or issues in the testing of controls. Identify the root cause for control deficiencies and evaluate management action plans to address deficiencies. Document internal activities, identified issues, and conclusions to assist the team with reporting to the stakeholders. Take ownership of assigned tasks and seek out ways to improve the process. Accountable for meeting deliverables, adhering to quality and methodology standards, including incorporating real-time feedback from supervisors. Take initiative to consider and recommend problem resolution to the team and manager. Continually seek to learn through asking questions, getting exposure to new opportunities and training sessions.

Qualifications : A bachelor's degree in an accounting, finance or business discipline, supported by 5+ years work experience, preferably in financial services or in a public accounting firm required. Prior audit (external, internal and / or SOX) experience. Experience working in the financial services industry and have an understanding of CCAR, Basel, Liquidity and / or other regulatory reporting. Strong documentation skills including the audit scope, test papers and issues that may arise. Experienced with testing and assessing remediation plans. Excellent analytical and problem-solving skills; exhibit professional skepticism and curiosity. Strong communication skills including presentation and written skills, including the ability to liaise with and influence senior subject matter experts. Proven ability to quickly assess problems, identify effective solutions, and focus on what matters most. Possesses keen attention to detail and able to manage time efficiently. Seeking a candidate who is positive, proactive, engaged and open to new ways of doing things. Ability to work within a team and to collaborate with peers and leadership to create effective solutions to validation issues.