Internal Audit, Business Audit, Director (AVP equivalent)

Morgan Stanley

22h

About The Position

We're seeking a seasoned audit professional to join our team as a Director in Glasgow responsible for assurance execution related to U.S. banking regulations, particularly Regulations W and K. This role will lead global audits and oversight activities related to affiliate transaction compliance and foreign banking organization requirements, and serve as a senior subject-matter expert supporting a global audit portfolio across U.S. Banks, international branches, and affiliated businesses. The role requires strong regulatory knowledge, experience interacting with OCC and Federal Reserve examiners, and the ability to lead complex, multi-jurisdictional audits. The Internal Audit Division (IAD) drives attention and resources to vulnerabilities by providing an independent and well-informed view and impactful messages about the most important risks facing our Firm. This is accomplished by performing a range of assurance activities to independently assess the quality and effectiveness of Morgan Stanley’s system of internal control, including risk management and governance systems and processes. IAD serves as an objective and independent function within the Firm’s risk management framework to foster continual improvement of risk management processes. This is a Director position within Business Audit, which is responsible for inspecting controls in front, middle and back offices. Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.

Requirements

• At least 4 years' relevant experience would generally be expected to find the skills required for this role
• Understanding of business line and key U.S. banking regulations including: - Regulation W (Intercompany/affiliate transaction compliance) - Regulation K (Foreign banking organization and international branch/subsidiary governance)
• Experience assessing controls related to: - Intercompany transactions, credit extensions, intragroup services - Foreign investment approvals, country risk management, and cross border funding - FR Y 8, FR Y 10 and related regulatory reporting
• Experience supporting regulatory exams and navigating OCC/Federal Reserve expectations.
• Strong communication skills with the ability to articulate complex regulatory issues to senior stakeholders and regulators.
• Bachelor's degree in Accounting, Finance, Economics, or related discipline
• Strong understanding of audit principles, methodology, tools and processes (e.g., risk assessments, planning, testing, reporting and continuous monitoring)
• Ability to identify and analyze multiple data sources to inform point of view
• Ability to ask meaningful questions, understand various viewpoints and adapt messaging accordingly
• A commitment to practicing inclusive behaviors

Nice To Haves

• Professional certifications (e.g., CIA, CPA, CAMS, CRCM) preferred.

Responsibilities

• Help identify risk and impact to relevant coverage area to prioritize areas of focus
• Execute and lead aspects of global assurance activities (e.g., audits, continuous monitoring, closure verification) to assess risk and formulate a view on the control environment and ensure compliance with Reg W and Reg K
• Facilitate conversations with stakeholders on risks, their impact and how well they are managed in a clear, timely and structured manner
• Drive Reg W/Reg K risk assessment and global coverage planning to ensure required audit scope and regulatory alignment
• Oversee and validate remediation of audit and regulatory issues, ensuring robust design and operating effectiveness testing
• Support engagements with OCC, Federal Reserve, and other regulators, providing high quality written materials and responses
• Provide global subject matter expertise and contribute to training, methodology enhancements, and thematic reviews
• Assist in managing multiple deliverables in line with team priorities
• Solicit and provide feedback and participate in formal and on-the-job training to further develop self and peers

What This Job Offers

• Job Type: Full-time
• Career Level: Director