Morgan StanleyMorgan 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 four core values rooted in integrity, excellence and strong team ethic:1. Putting Clients First2. Doing the Right Thing3. Leading with Exceptional Ideas4. Giving BackMorgan Stanley is committed to helping its employees build meaningful careers and we strive to be a place for people to learn, achieve and grow.Department ProfileInternal Audit is responsible for validating whether the firm operates in a controlled environment with appropriate risk management processes. Auditors evaluate the adequacy and effectiveness of the firm's internal controls using a risk-based methodology developed from professional auditing standards. Internal Audit assists in monitoring the firm's compliance with internal guidelines set for risk management and risk monitoring, as well as external rules and regulations governing the industry.The department reports directly to the Board Audit Committee and helps verify whether the firm meets all of its fiduciary responsibilities to shareholders, while adhering to corporate governance standards and legal and regulatory requirements. Internal Audit is comprised of Business and Technology auditors. Business auditors focus on understanding the risks that the businesses face and the controls to mitigate those risks. Technology auditors focus on the application controls supporting the business processes, including systems development, application security and entitlements, production management, and technology governance. Both groups are responsible for understanding, analyzing and testing the controls to protect the franchise.Background on the PositionThe role will reside within the Internal Audit's Finance audit team which is a team dedicated to providing coverage of Core-Finance and Regulatory Reporting. The role includes the overall management of audits and maintaining client relationships within the firm's Finance organization including Financial and Regulatory Controllers, Accounting Standards and Control, Financial Planning & Strategy, and Corporate Tax. The person in the role will assist the Finance audit team in completing its annual audit plan by leading global and cross functional audits, performing and supervising risk assessments, drafting audit reports, supervising audit test design and execution, identifying areas requiring control enhancements, providing recommendations for control improvements and undertaking continuous monitoring of key business activities. Audited functions include financial accounting/records, accounting policy, regulatory reporting, capital planning, valuations, corporate reporting, tax, product controllers and SOX processes.Primary Responsibilities* Participate in all phases of the audit, including planning, fieldwork and reporting.* Lead client discussions on key processes and document walkthrough narratives and/or flow charts.* Identify and evaluate key business risks.* Create and execute test procedures to assess the designated control environment, and clearly document results in line with internal documentation standards.* Assist in the identification and documentation of reportable issues.* Manage audits to ensure timeliness of completion.* Maintain ongoing communication with business management to follow-up on previously identified audit issues.* Participate in continuous monitoring and* Leading walkthrough meetings with the purpose of developing an understanding of management's processes, risks, and key controls;* Identifying and evaluating key risks as well as design adequacy of key controls implemented to mitigates risks identified;* Preparation of Audit Planning Memoranda;* Developing audit test programs and supervising the execution against plans within specified budgets;* Review the documentation of junior team members;* Communicating audit findings to the Internal Audit coverage directors and senior client management;* Drafting audit reports;* Track management's remediation efforts including the design and implementation of recommended processes and controls to strengthen internal control frameworks.* Lead periodic continuous monitoring of Finance activities.* Develop solid working relationship with clients and across the broader Internal Audit Department.Skills Required1. Strong verbal and written communication skills2. Solid technical knowledge of internal controls and audit practices;3. Solid technical knowledge of accounting standards and experience in researching GAAP and/or other regulatory standards;4. Demonstrated ability to multi-task between several projects and complete audits/projects within required time frames and budgets;5. Keen attention to detail and demonstrated strong analytical skills;Experience1. Six to ten years of industry-related experience (Required)2. General understanding of the internal audit processes (e.g., risk assessments, planning, testing, reporting and continuous monitoring) (Required)3. Accounting and auditing background with a prior Internal Audit function or public accounting firm;4. CPA or equivalent license, highly preferred;5. Experience with regulatory reporting policies and regulations including regulatory reporting forms and instructions (e.g. FR Y-9C, FR Y-14M/Q/A);6. Experience with capital markets and/or securities industry regulations;7. Detailed knowledge of financial statement processes and accounting requirements;8. Possess experience leading global teams in terms of supervising walkthroughs, risk assessments of the internal control environment, performing controls and substantive testing while meeting internal quality assurance standards
* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.