Morgan Stanley Looking For Associate – Quality Assurance (Legal and Compliance) at Mumbai, Maharashtra, Full Time

Division: Legal & Compliance

Job Title: Quality Assurance Associate

Location: Mumbai (NKP)

Job Level: Associate

Company Profile

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.

Department Profile

Legal and Compliance

Legal & Compliance Division (LCD) comprises of Legal, Compliance, Global Financial Crimes and Regulatory Relations.

The Legal Department provides guidance, requirements and procedures for understanding and complying with the laws, regulations and Firm policies that apply to our businesses.

The Global Compliance Department identifies applicable Compliance Obligations and maintains a Firmwide Compliance Risk management program, including Compliance Risks that transcend business lines, legal entities and jurisdictions of operation.

Global Financial Crimes is responsible for the development and governance of the Firm’s financial crime prevention efforts across all regions and business units. Global Financial Crimes is comprised of the Anti-Money Laundering (AML), Sanctions, Anti-boycott, Anti-Corruption (ACG), Government, and Political Activities Compliance (GPAC) programs.

The Global Regulatory Relations Group (GRRG) is responsible for strategic and centralized management of the supervisory activities of Morgan Stanley’s regulators and related developments globally, with a focus on regulatory reviews and examinations and continuous monitoring activities. GRRG serves as the central point of contact for the regulatory staff responsible for supervisory activities at Morgan Stanley entities and for timely reporting to Firm management and other governance or management bodies, as appropriate, on those relationships and supervisory processes, including areas of significant regulatory focus or concern.

LCD Center of Excellence — Mumbai (LCDCoE) is a part of Morgan Stanley’s Global In-house Center, which provides global support to LCD and is an integral part of Firm and LCD strategy

Primary Responsibilities

The candidate will have several areas of responsibility including, but not limited to, the following:

The candidate will focus on performing Quality Assurance (QA) reviews on completed compliance reviews (audits), monitoring checks (audits) and closure verification (follow-up audit).

Detailed review of draft report, work papers, issues and action plans to determine whether the test documentation is complete and adheres to the minimum standards set forth in Compliance Testing Procedures.

Identification of areas requiring attention or findings, scope of improvement and assessment of relative risk.

Determine Whether

The disposition of the work item demonstrates an understanding of the work item and appropriately addresses the material risk; and

The decision whether to close the work item or to escalate it to the next level of review was appropriate.

Ensuring detailed and self-explanatory QA review documentation.

On-going communication with senior management and other stakeholders to discuss status and results of QC checks.

Prepare metrics and presentations for senior management.

Analysis of regulations and internal policies/rules for each review topic.

Ability to lead a quality assurance review or subcomponents of it.

Skills Required (essential)

The ideal candidate at Associate level will have 5-7 years professional experience at a financial institution.

Excellent communication skills — written and oral.

Experience of performing QA of Compliance activities or audit reviews.

High level of attention to detail, multi-tasking, ability to perform data analysis and experience in interpreting laws or regulations.

Possess experience in performing walkthroughs, performing control and substantive testing.

Excellent time management skills, attention to detail and ability to execute tasks within tight deadlines.

Creative problem resolution skills with the strive to bring innovative ideas within a progressive and fast-paced environment.

Ability to articulate key points clearly and in concise manner in various meetings.

Good interpersonal skills and ability to work effectively with colleagues across regions and Business Units

Proficient in MS Office Suite and internet applications/tools.

Skills desired

Has the ability to effectively handle a fast-paced environment and successfully meet established deadline requirements.

Ability to research and resolve issues independently while working across teams to acquire information.

Be self-motivated and must have the ability to work independently.

Knowledge of global markets / market regulations.

Industry Qualifications – CA / CIA Or Similar Certification.

Coverage

Monday to Friday from 11:30AM to 8:30PM. Coverage is dependent on business needs so flexibility on required finish time or full day’s coverage may be required during some Indian holidays.

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing and advancing individuals based on their skills and talents

Posting Date

Nov 27, 2023

Primary Location

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

Education Level

Refer to Position Description

Job

Other

Employment Type

Full Time

Job Level

Associate