Regulatory Reporting Quality Assurance - Director

Regulatory Reporting Quality Assurance - Director

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 Finance Division reports to the Chief Financial Officer and consists of some 3,000 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. Finance plays a critical role as advisor to Morgan Stanley's various businesses and its senior management team.

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 the validation of Morgan Stanley's regulatory liquidity, market risk, and recovery and resolution reporting, including the FR 2052a, Liquidity Coverage Ratio (LCR), Net Stable Funding Ratio (NSFR), Internal Liquidity Stress Testing (ILST), and Funds Transfer Pricing (FTP). They will work to promote completeness and accuracy of regulatory reporting data quality by independently validating processes and controls from transaction capture through to global regulatory reporting. Products subject to review may include deposits, loans, secured financing transactions, prime brokerage activity, and unsecured debt and / or equity instruments.

Responsibilities :

• Lead independent validations focused on Liquidity Risk, which includes the planning, execution, and conclusion of testing around Regulatory Reporting processes.
• 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.
• Perform substantive testing, including data tracing from trade capture systems to the regulatory reporting.
• 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.
• 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 :

Expected base pay rates for the role will be between $90,000 and $155,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership / union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M / F / Disability / Vet).