Internal Audit - Legal and Compliance - Vice President

Job Description – Internal Audit – Legal and Compliance – Vice President (3263936)

Job Number:

3263936

Posting Date

Primary Location

Europe, Middle East, Africa-United Kingdom-United Kingdom-London

Education Level : Refer to Position Description

Job

Other

Employment Type : Full Time

Job Level : Vice President

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
Internal 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 team 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.

Role Profile
Morgan Stanley is seeking a seasoned financial services professional, with strong internal audit or extensive second line experience in Legal and Compliance as it relates to investment banking. The role is at Vice President level, and reports to the EMEA Head of International for Non-Financial Risks.

This role will lead the EMEA Audit portfolio for Legal and Compliance and manage the EMEA internal assurance efforts. Furthermore, the role will support global assurance activities with US and APAC colleagues over the Non-Financial Risks activities operated by Morgan Stanley.

EMEA Legal and Compliance Department is charged with day-to-day oversight and coordination of the Firm’s compliance with core regulatory requirements covering all businesses including Institutional Sales and Trading (Fixed Income, Commodities and Equities), Investment Banking, Research, and Investment Management Business across the EMEA region.

What you will be doing:
– The audit professional will be involved in the development, planning and execution of assurance work (audits, continuous monitoring, closure verification) across the EMEA region for Legal and Compliance, as well as broker-dealer and swap dealer compliance focusing on UK PRA, UK FCA and non-UK EU regulations;
– Development of EMEA Audit Risk Assessment with EMEA Legal and Compliance senior management to build the EMEA audit plan;
– Partner with global peers on global Legal and Compliance Reviews as well as provide Compliance and Regulatory Subject Matter Expertise to Business Audit colleagues and peers; and support the other Global and International NFR teams as needed;
– Execution of the audit plan within departmental methodology, policies and standards;
– On-going communication with senior management and external stakeholders to discuss the status of the control environment impacting Morgan Stanley;
– Support the preparation of risk messaging to internal stakeholders and ultimately the Board Audit Committee; and
– Ongoing communication with regulators.

What we’re looking for:
– Extensive audit or compliance experience with a financial services firm with a focus on Legal, Compliance and/or Financial Crime;
– Strong technical understanding of the financial services regulatory environment and subject matter expertise in regulatory Compliance and/or Financial Crime;
– Strong stakeholder management and presentation experience with senior management and regulators;
– Experience with a Regulatory Organization a plus;
– Excellent communication and interpersonal skills;
– Deep understanding of the internal audit process; and
– An undergraduate degree in business including Finance, Accounting, Economics, or equivalent.

Where will you be working?
This role is based in 20 Bank Street, London. E14 4AD

Flexible work statement:
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.

Equal opportunities statement:
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize 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.

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