Morgan Stanley Hiring for Associate – Finance Audit at Mumbai, India Full Time

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.

Morgan Stanley is seeking an experienced auditor for its Internal Audit Department (IAD). IAD comprises Business, Risk and Technology Auditors; Subject Matter Experts (e.g., Risk, Data Analytics); and support functions that are responsible for ensuring the department adheres to professional, regulatory, and Firm policies and procedures. IAD provides independent assurance on the quality and effectiveness of the Firm?s internal control, risk management, and governance systems and processes. It achieves this by identifying and assessing the operating risks of the Firm and evaluating the adequacy and effectiveness of the Firm?s system of internal control. The division provides opportunity to gain unique insight on the financial industry and its products and operations.

We?re looking for detail-oriented team players who have an interest in financial markets and want to gain insight into the firm?s operations and control processes.

The role will reside within the Finance Audit team in Mumbai. The role includes audit completion and maintaining client relationships within the firm?s Finance organization including Financial and Regulatory Reporting 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, audit test design and execution, help identifying areas requiring control enhancements, providing recommendations for control improvements, and taking part in continuous monitoring activities for key finance areas. Audited functions include regulatory reporting, financial accounting/records, accounting policy, valuations, tax, product controllers and SOX processes.

Primary Responsibilities (Day Job)
? Assist in audit coverage for Finance audits through risk assessments, audit planning, testing, and reporting.
? Participate in the periodic continuous monitoring of Finance activities, analyze, and document the risk assessments.
? Assist Audit in Charge in developing audit test programs and executing against plans within specified budgets.
? Preparing Walkthroughs for evaluation Design Adequacy and evaluate testing of control operating effectiveness and documenting results.
? Communicating audit findings to the Internal Audit In charge and Audit Coverage Manager.
? Identify and evaluate key risks surrounding Finance regulatory reporting process.
? Create and execute test procedures to assess the designated control environment, and clearly document results in line with internal documentation standards.
? Follow-up on previously identified audit issues with the Finance management.
? Participate in continuous monitoring and risk assessment of key business processes and assist risk-based audit plan.
? Participate in strategic initiatives and projects to enhance audit approach and coverage.
? Develop effective working relationship with clients and across the broader Internal Audit Department.

Requirements

Morgan Stanley is seeking a strong Audit candidate to cover the Finance regulatory reporting policies and regulations including reporting forms and instructions and other Core Finance audit coverage in MS. The candidate should be able to complete risk assessments and work within a team to plan, execute audit tests/tasks assigned and report findings during financial audits.

Knowledge and Skills
? Understand audit scope, prepare audit documentation, and conduct audit walkthroughs.
? Understand the financial system and reporting requirements as applicable to key Finance processes in scope and associated risks and identify the key Finance risks and controls that are impacted.
? Functional or Audit experience around US and UK Finance regulatory reports such as FR Y-9C, FR Y-14M/Q/A, FFIEC, COREP et all.
? Solid technical knowledge of accounting standards and experience in researching GAAP and/or other regulatory standards.
? Detailed understanding and knowledge of financial statement processes and accounting requirements.
? Team player with ability to work independently in a fast-paced environment and within a small team setting.
? Keen attention to detail and demonstrated strong analytical skills in identifying and analyzing Finance risks.
? Strong verbal and written communication skills.
? Ability to multi-task between several projects.

Qualifications and Experience
? Masters?/ Bachelors? Degree (major in Accounting or Finance preferred)
? CA, CPA, or equivalent certification (preferred)
? Accounting and auditing background with a minimum of 2 ? 5 years of related experience either with a prior Internal Audit function or public accounting firm (Required)
? Understanding of the internal audit processes (e.g., risk assessments, planning, testing, reporting and continuous monitoring) (Required)

Job: *Audit

Title: *Associate – Finance Audit *

Location: Non-Japan Asia-India-Maharashtra-Mumbai (MSA)

Requisition ID: 3189396