Director-Wealth Management-Compliance Tester

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 Firms 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 Stanleys 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.

Primary Responsibilities

The Compliance Tester is responsible for executing risk-based compliance reviews across Wealth Management businesses, including E*TRADE. This role ensures adherence to regulatory requirements and internal policies through comprehensive testing and reporting.

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

• Assisting in the preparation of test planning memoranda
• Execution of reviews from initiation to completion; including executing and documenting detailed walkthroughs of key processes to identify internal controls, developing, executing, and overseeing substantive testing of control and related procedures, and ultimately reporting identified issues
• Identifying and evaluating key risks and contribute to establishing test scope
• Developing and executing tests in line with global monitoring and testing standards.
• Leading walkthrough meetings and discussions with the purpose of developing test scope and identifying control issues
• Maintaining detailed and organized documentation of work product
• Appropriately assessing potential issues for significance and root cause
• Drafting test reports; writing clear and concise findings
• Communicating test results to senior management and escalating significant issues promptly
• Tracking implementation of recommended corrective action plans designed to strengthen internal controls to completion
• Perform validation testing to confirm remediation of identified issues
• Developing and maintaining strong working relationships with Business, Compliance, Legal and Risk groups

Skills required

• The ideal candidate will have 7-9 years’ professional experience at a financial institution or consulting firm, preferably in compliance, risk management, or audit
• Bachelor’s Degree or higher required
• Ability to interact with diverse teams
• Excellent communication skills – written and oral
• Proficient in Microsoft Office (Excel, Word, PowerPoint)
• Strong interpersonal, communication, analytical, research, and organizational skills
• Ability to work and make independent decisions associated with Compliance testing protocols
• Excellent communication skills – written and oral.

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
• Proficient in Microsoft Office (Excel, PowerPoint, Word)
• Analytical and research skills
• Be self-motivated and must have the ability to work independently
• Knowledge of global markets / market regulations / investment banking functions
• Industry qualifications - CA or similar certification