Vice President - Compliance Testing

☞ Morgan Stanley

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Update day: 06-05-2024

Location: Mumbai Maharashtra

Category: Legal / Contracts Security

Industry: Financial Services

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Job content

Vice President - Compliance Testing

Job Number:

3180620

POSTING DATE: Jul 26, 2021
PRIMARY LOCATION: Non-Japan Asia-India-Maharashtra-Mumbai (MSA)
JOB: Compliance
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Vice President

DESCRIPTION


Compliance Te


Compliance Testing
Division: Legal & Compliance Job Title: Vice President - Compliance Testing
Location: Mumbai (NKP) 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
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:
  • Executing and leading compliance tests (audits) on topics assigned by EMEA Compliance Testing team
  • Analysis of regulations and internal policies/rules for each test topic
  • Conducting tests related to transactions and other documentation for compliance with the relevant regulations and policies/rules
  • Conducting / participating in walkthroughs / interviews with business employees responsible for a particular area
  • Ensuring detailed documentation of test work-papers
  • Drafting reports on tests completed
  • Responding to test quality assurance queries from regional Compliance Testing teams
  • Identification of areas requiring attention or findings and assessment of relative risk
  • Presentation of findings and recommendations to Compliance Managers in the Regional Compliance Testing Teams
  • Helping to follow-up on review findings until resolution
sting
Division: Legal & Compliance Job Title: Manager - Compliance Testing
Location: Mumbai (NKP) Job Level: Manager
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:
  • Executing compliance tests (audits) on topics assigned by Asia Compliance Testing team
  • Analysis of regulations and internal policies/rules for each test topic
  • Conducting tests related to transactions and other documentation for compliance with the relevant regulations and policies/rules
  • Conducting / participating in walkthroughs / interviews with business employees responsible for a particular area
  • Ensuring detailed documentation of test work-papers
  • Drafting reports on tests completed
  • Responding to test quality assurance queries from regional Compliance Testing teams
  • Identification of areas requiring attention or findings and assessment of relative risk
  • Presentation of findings and recommendations to Compliance Managers in the Regional Compliance Testing Teams
  • Helping to follow-up on review findings until resolution

QUALIFICATIONS

Skills required (essential)
  • The ideal candidate will have 10+ years audit experience at a financial institution
  • Excellent communication skills – written and oral.
  • Experience in Compliance Testing or Internal Audits
  • Experience in interpreting laws or regulations
  • Excellent time management skills, attention to detail and ability to execute tasks within tight deadlines
  • Ability to facilitate meetings among stakeholders with diverse points of view
  • Good interpersonal skills and ability to work effectively with colleagues across regions and Business Units
  • Has the ability to perform data analysis
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 / investment banking functions
  • Industry qualifications - CA / CPA / CIA or similar certification
Coverage
Monday to Friday from 11.30PM 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.
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Deadline: 20-06-2024

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