Add office photos
All Filters
182 Morgan Stanley Jobs
Vice President - Operational Risk & Controls (Wealth Management)
12-19 years
Mumbai
1 vacancy
Vice President - Operational Risk & Controls (Wealth Management)
Morgan Stanley
posted 15d ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
Operational Risk and Control unit functions as a trusted partner to the Wealth Management business and control partners (Legal, Second Line Risk, Compliance, HR, Finance, Platforms, Operations) to help develop and execute on the strategic priorities of WM Risk as well as the business while ensuring ongoing operational efficiency and risk mitigation.
Background on the Position
The role will reside within the Wealth Management - Operational Risk & Control function in Mumbai, responsible for the management of the non-financial risk, Issue reporting and control testing. We seek a Vice President (VP) to join the First Line of Defense Bank Validation team in Mumbai responsible for supervising and executing the internal controls testing program covering Morgan Stanley Bank, NA. This position will assist in oversight of the team responsible for the evaluation of the adequacy and effectiveness of Bank specific internal controls, to include remediation of control deficiencies.
Responsibilities:
> Manage a large team of 20+ FTEs responsible for executing Bank validation activities.
> Manage teams personal development, oversee production, oversee deliverables are on time and at high level of quality, and provide timely feedback
> Manage escalations, and show a strong inclination towards problem solving and innovation
> Contribute to production and recognize proper delegation, setting of department goals, work on efficiency projects to increase production and create efficient workflows and processes.
> Participate in annual validation scoping exercise and present final scope and test plan to senior management.
> Supervise and review the preparation of workpapers, schedules, and summaries documenting testing of key controls identified by Bank management.
> Vet issues and observations with management and ensure appropriate documentation and escalation
> Verify remediation of control deficiencies in line with Bank and Program guidance
> Track and report key project milestones and metrics to onshore management.
> Identify and implement enhancements to the Bank Validation Program as function matures
> Support ad-hoc Bank management initiatives in collaboration with second and third lines of defense
> Ensure staff receive appropriate training & development, assist in developing training plans & provide coaching where necessary
> Promote a culture of inclusivity, high performance and continuous improvement. *
Bachelors degree in accounting, Finance, Economics, or related field is required.
12+ years of experience in public accounting, internal audit or
Employment Type: Full Time, Permanent
Read full job descriptionMorgan Stanley Interview Questions & Tips
Prepare for Morgan Stanley roles with real interview advice
What people at Morgan Stanley are saying
What Morgan Stanley employees are saying about work life
Morgan Stanley Benefits
View more benefits
Compare Morgan Stanley with
JPMorgan Chase & Co.
Goldman Sachs
TCS
Deloitte
Amazon
Bank of America
UBS
Barclays
Deutsche Bank
HSBC Group
Wells Fargo
Cholamandalam Investment & Finance
BNY
American Express
State Street Corporation
HDFC Sales
Citicorp
Aditya Birla Capital
BNP Paribas
Aon
Similar Jobs for you
Morgan Stanley Mumbai Office Locations
Maharashtra 400013
Maharashtra 400090
Vice President - Operational Risk & Controls (Wealth Management)
12-19 Yrs
Mumbai
SRE DevOps - Associate - Cybersecurity Engineering
3-8 Yrs
Bangalore / Bengaluru
HCM Employee Services, Director, HCMES Experience & Transformation
8-14 Yrs
Bangalore / Bengaluru
Business Continuity/Operational Resilience Planning Regional lead
11-16 Yrs
Mumbai
Director - Facilities Amenities (Corporate Services)
5-8 Yrs
Bangalore / Bengaluru
