HYBRID: Compliance Testing Vice President

Company: Morgan Stanley
Location: Alpharetta
Posted on: September 22, 2022

Job Description:

Job Description - HYBRID: Compliance Testing Vice President (3210395) Job Description HYBRID: Compliance Testing Vice President Job Number: 3210395 Posting Date Primary Location : Americas-United States of America-Georgia-Alpharetta Other Locations : Americas-United States of America-Georgia-Alpharetta Education Level : Bachelor's Degree Job : Compliance Employment Type : Full Time Job Level : Vice President Description 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 talent and passion of our people is critical to our continued success as a firm. Together, we share core values rooted in integrity, excellence and strong team ethic. -Morgan Stanley is committed to helping its employees build meaningful careers and we strive to be a place for people to learn, achieve and grow. Legal and Compliance - Professionals within Legal and Compliance provide a wide range of services to our business units. They might help to structure a complex and sensitive cross-border transaction; advise on a new product introduction; develop a training program or defuse an investor dispute. They preserve the firm's invaluable reputation for integrity and protect the Firm from sanctions with policies and procedures that meet regulatory requirements around the world. They also strive to maintain cooperative relationships with governmental policy makers and the regulatory and self-regulatory agencies that govern the Firm's businesses. Position Description: Responsibilities include, but are not limited to: - Perform testing of various business lines, functions and processes in order to assess and review compliance with legal, reglatory and internal Firm requirements. - Coverage could -include -various Morgan Stanley business lines, such as Sales & Trading, Investment Banking, Wealth Magangemet, Banks and/or Infrastructure. - Management and oversight of team to ensure -objectives and goals are met for both the department and employees - The testing process includes followed by test execution (via interviews, observations, re-performance of key controls, etc.) The testing process responsibilities include: Planning: reviewing background information on regulatory and policy requirements, reviewing relevant procedures and processed, identifying the key controls to be tested, and determining appropriate testing approaches (e.g., sampling methodologies) Execution: performing fieldwork, reviewing relevant transactions and/or data, evaluating controls and assessing compliance with rules, regulations and Firm policies and procedures Workpaper Maintenance: documenting fieldwork, including testing parameters, activities and findings in the testing work paper system, in accordance with the Firm's testing standards Reporting: engaging stakeholders on findings, preparing test reports, as collaborating on corrective action plans Closure Verification: confirming and tracking remedial action plans to completion and re-testing the relevant processes, where needed Qualifications Skills Required (essential) Business specific experience -preferred, may include but not required Series 7, other securities or futures licenses, or audit certifications a plus Experience with the regulators governing financial institutions a plus, those may include the FRB, FINRA, OCC, CFPB, FDIC, SEC, CFTC and the FFIEC Investigative skills - inquiry and analysis, interviewing, testing, risk assessment capabilities Ability to research and resolve issues independently while working across teams to acquire information Compliance/Audit/Risk experience in the financial services industry, a regulator, or a -self-regulatory organization is a strong plus

• Experience in a managerial role
• Strong verbal and written communication skills Role allows option of working in office and from home on a set schedule (amount of flexibility to be defined by hiring manager and business unit). In line with Company expectations, minimum in office requirement is 3 days.

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