We're seeking experienced Audit professional to join a dynamic and growing team as an Audit VP to focus on managing and leading various assurance activities focusing on U.S. Banks Operational risk management to assess risk and formulate a view on the control environment.

In the Audit division, we provide senior management an objective and independent assessment of the Firm's internal control environment for risk management and governance. This is a Vice President level position within Business Audit, which is responsible for inspecting controls in front, middle and back offices.

Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions and individuals around the world achieve their financial goals.

Location: New York, NY (Hybrid 3x per week in office)

Interested in joining a team that's eager to create, innovate and make an impact on the world? Read on...

What you’ll do in the role:

· Formulate and lead a wide range of assurance activities to assess risks within coverage area and the state of controls in place to mitigate them

· Proactively identify risk and emerging risk, and factor into risk assessment and assurance coverage

· Articulate actionable insights to management regarding criticality and impact of risks to the business

· Effectively partner with colleagues and stakeholders globally to drive effective working relationships

· Align projects and initiatives with department and coverage area priorities, and oversee team's execution of deliverables in accordance with audit methodology and quality standards

The successful individual will oversee Operational Risk audit projects and team members, which involves:

· Building and maintaining business relationships to assist in the development, planning and/or performing of audits focusing on all aspects of the core Operational Risk Management framework (e.g. Operational Risk Incidents, Scenario Analysis, RCSA, Top Operational Risks etc.).

· Managing and overseeing the execution of assurance activities for the U.S. Banks Operational Risk Management, including adequately scoping audits and reviews, as well as related issue closure validation.

· Managing performance for members of the Americas Operational Risk Audit team, including their quarterly performance evaluations.

· Supporting preparation and presentation materials for adequate information submission during regulatory exams and or inquiries

· Assisting with the development of the Risk Assessment for Operational Risk globally, and ensuring it remains current through performance of continuous monitoring.

· Ensuring execution of assurance activities within Departmental methodology, policies and standards.

· Communicating the status of the audit plan, results of test work.

· Representing Risk Management Internal Audit on relevant committees, working groups and other governance forums.

What you'll bring to the role:

· At least 8 years' relevant experience would generally be expected to find the skills required for this role

· Advanced knowledge of industry, global markets and regulations relevant to coverage area

· Strong understanding of audit principles, methodology, tools and processes (e.g., risk assessments, planning, testing, reporting and continuous monitoring)

· Ability to articulate risk and impact clearly and succinctly to different audiences

· Effective change and project management techniques and ability to support teams in adapting new ways of working

· Ability to leverage and analyze data to inform focus and views on risk

· Ability to coach and mentor others and create an inclusive work environment for team

· Technical understanding of core operational risk management concepts and methodologies, preferably having worked in risk management internal audit in a major bank/financial institution with trading activities or a second line Operational Risk group.

· Strong understanding of relevant Banking regulatory requirements (i.e., OCC Heightened Standards) as they pertain to core operational concepts and associated emerging risks, as well as an understanding of financial products generally.

· Management skills, both in terms of running audits (both across and within regions) and individual performance management.

· Ability to build and maintain credible relationships with senior management and stakeholders, ideally in a Risk function, and strong networking capabilities.

· Strong verbal and written communication skills, with the proven ability to write clear and concise findings, recommendations and reports.

· Strong analytical skills, with proven ability to lead audits/reviews on technical concepts.

· Ability to effectively multi-task and manage multiple competing deliverables within tight timeframes without compromising on quality of output.

· Understanding of resource management, including overseeing the team's forecasts and ensuring audits within their portfolio are appropriately staffed at all times.

· Experience in dealing with regulators and understanding their expectations in terms of documentation, closure verification work and coverage of relevant regulatory requirements.

· 4 year college degree

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Skills Desired

· CPA, CIA, CFA and /or FRM qualifications a plus

· Expertise in risk management related to vendor risk, Data risk, Fraud, or generally operational risk would be beneficial.

What you can expect from Morgan Stanley:

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 85 years. At our foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry.

Expected base pay rates for the role will be between $110,000 and $190,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).

Job: *Other

Title: *Internal Audit Vice President - Operational Risk Management *

Location: New York-New York

Requisition ID: 3251934