Wealth Management Compliance Testing Tester
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firms 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.
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.
The WM Compliance Tester conducts various reviews throughout Wealth Management. The focus of the reviews is to utilize a risk-based methodology to evaluate the effectiveness of key internal controls related to but not limited to regulations, external standards, or firm policies. The person in the role will assist the WM Compliance Testing in completing its annual test plan, communicating to senior management, and providing recommendations for improvements.
Primary Responsibilities:
Assisting in the preparation of test planning memoranda
Identifying and evaluating key risks and contribute to establishing test scope
Leading walkthrough meetings and discussions with the purpose of developing test scope and identifying control issues
Developing and executing audits in line with global monitoring and testing standards
Maintaining detailed and organized documentation of work product
Appropriately assessing potential findings for significance and root cause
Drafting test reports; writing clear and concise findings
Communicating test findings to WM Testing management and clients; assist with negotiating and finalization of findings and corrective action plans with senior client management
Tracking implementation of recommended corrective action plans designed to strengthen internal controls to completion
Performing validation testing of new or updated controls
Developing and maintaining strong working relationships with Business, Compliance, Legal and Risk groups
Skills Required:
5+ years of Financial Services Industry Experience
Global Compliance Testing Experience a Plus
Proficient in Microsoft Office (Excel, PowerPoint, Word)
Analytical and research skills
Ability to interact with diverse teams
Ability to work and make independent decisions associated with Compliance testing protocols
Excellent oral and written communication skills
Time management and organizational skills
Enthusiastic, self-motivated individual
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).
Maryland:
Salary range for the position: $75,000 - $120,000 Yr. The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit's incentive compensation plan, which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings.