Analyst - RRQA Validation

We are looking to hire an Analyst in the Finance Risk and Assurance (FinRiA), specifically into the Regulatory Reporting Quality Assurance team (RRQA). The FinRiA group is represented in our New York, Glasgow, London, Tokyo and Hong Kong offices performing an oversight, governance and execution role in relation to the Finance SOT division in support of the Firms operational risk programs and objectives. The group interacts across all areas of Finance, Firm Operational Risk Department, the Front Office, Internal Audit as well as Operations, providing accurate risk reporting across Finance whilst furthering the risk management culture and infrastructure.
The RRQA team works collaboratively across New York, Glasgow and Mumbai on a validation program to support the continuously expanding regulatory reporting environment impacting the Morgan Stanley Finance Division. The Regulatory Reporting Quality Assurance Group (RRQA) is an independent second line of defense group responsible for validating processes upstream/downstream of Firm Risk Management (FRM) for Capital, Credit, Market, Operational and Liquidity Risk. RRQA is also responsible for validating processes supporting regulatory reporting submissions to various US and regional regulators as determined through its annual scoping and prioritization activities. RRQAs objectives include, but are not limited to, validating the regulatory reporting control environment which includes in-scope controls, data, governance and oversight, models/capital planning tools (tools), methodology and processes from transaction capture through sourcing and consolidation (i.e., completeness, accuracy and timeliness).
The RRQA Analyst will be responsible for performing activities related to Regulatory reporting validation programs and quality assurance on a global basis. This review includes, but are not limited to, validating the regulatory reporting control environment which includes in-scope controls, data, governance and oversight, models/capital planning tools (tools), methodology and processes from transaction capture through sourcing and consolidation (i.e., completeness, accuracy and timeliness).Products subject to review may include derivatives, secured financing transactions, loans, securitizations, debt and equity.

Key responsibilities:
Participating in walkthroughs, assessing the design adequacy and operating efficacy of the internal control environment around the regulatory reporting
Substantive testing around transaction capture throughout the life-cycle of the regulatory reporting processes performing data due diligence around the data flow and processing through multitude of trade booking systems, aggregation systems and their hand-offs from the trade capture to the regulatory systems.
Substantive testing around the attributes/parameters consumed in arriving at the exposure and risk-weighted assets, for credit risk, market risk, liquidity risk and operational risk reported in the respective regulatory reports.
Analyzing identified issues in the upstream and downstream processes or systems for their impact on capital and regulatory risk reporting, as well as escalating the issues and finding an appropriate remediation, after consulting with the stakeholders.
Cultivating relationships across the Finance organization with key constituency groups, such as Regulatory Reporting, Product Controllers, Operations, Treasury, Technology, Credit Risk, and Market Risk.
Working with review leads in drafting recommendations and liaising with the business units to remediate risks, findings and gaps identified during the validation process.
Monitoring, tracking and reporting project progress to Senior Management

 

Skills Required:
Qualified accountant or MBA or CS or Law.
Ability to organize and present data in a meaningful way, including analyzing and summarizing detailed information from various sources.
Strong written, communication, and presentation skills, including the ability to liaise with and influence senior subject matter experts
Strong quantitative and qualitative analytical skills
Ability to multi-task, adapt, and work well under pressure
Ability to work within a team and to collaborate with peers and leadership to create effective solutions to validation issues
Ability to create and manage detailed project plans including managing interdependencies
Advanced Excel, Word, and PowerPoint skills
Sense of ownership and accountability for work
Possesses strong project management and interpersonal skills, makes sound decisions, exhibiting initiative and intuitive thinking

Skills Desired:
Up to 1 years experience will be preferred.
Understanding of Financial Services or the Banking Industry.
Understanding of Credit Risk, Market Risk, Liquidity Risk and Operational Risk
Understanding of global and regional regulatory regimes and reporting such as Basel frameworks, capital adequacy assessment processes, recovery and resolution planning and others.