VP, P4, Risk, Assurance, Governance & Control : Job Level - Vice President

Morgan Stanley • New York, NY

1d • $120,000 - $205,000

About The Position

We are looking to hire a Vice President in the Finance Division's Risk and Assurance (FinRiA) group, specifically into the Financial Reporting Assurance (FRA) team. FRA is represented in our New York, Glasgow, Mumbai and Baltimore offices and performs an oversight, governance and execution role in support of the Firm's Sarbanes Oxley, FDICIA, Broker-Dealer 17a-5 (ICOC) and Environmental, Social and Governance Quality Assurance validation Programs. The group interacts across all areas of Finance, the Firm Operational Risk Department, the Front Office, Internal Audit, Operations, Legal and Compliance, and Human Resources Departments. What will you'll do in the role: FRA is an independent, second line of defence (2LOD) function within the Finance department. The team's role is to validate processes and controls supporting the Firm's financial statements and footnote disclosures with the SEC Form 10-K/Q. The successful candidate will be responsible for supporting the Firm's validation book of work. Responsibilities will include conducting risk assessment and scoping, hosting/participating in walkthrough calls with stakeholders, contributing to the testing approach plan, executing testing (including the use of digital/innovative tools), escalating any items of concern to management as well as tracking open issues and testing remediation. The FRA role offers significant opportunities to learn about the broader Firm as the validation program encapsulates many different segment and product areas. The role is also project-based (e.g. not daily, weekly, monthly reporting) which offers variety in the work performed, continued learning and flexibility.

Requirements

• Technical knowledge of SOX, COSO, US GAAP, PCAOB and Auditing Standards
• Ownership and accountability for tasks
• Critical thinking, initiative, and an inquisitive nature to validate whether processes and controls are designed adequately and operating effectively as intended to mitigate risks
• Strong analytical skills to organize, interrogate and present findings in a meaningful way; attention to detail; clear documentation of results
• Strong written communication and oral skills, including the ability to support on stakeholder walkthroughs
• Desire to continually learn through asking questions; seek innovative ways to improve FRA processes
• Flexibility to multi-task, adapt to change, and work within a team; collaborate with peers and management to create effective solutions to validation issues
• Microsoft Office (Excel, Word, and PowerPoint) experience
• Bachelor's Degree in Accounting, Finance, Economics, or similar discipline
• Prior audit or assurance experience in financial services or Big 4 accounting firm
• Extensive work experience in operational risk/control-based roles, with proven ability to anticipate and identify risks and effective mitigants

Responsibilities

• Cultivating relationships across the enterprise with key constituency groups such as Product Controllers, Operations, Technology, Legal Entity Controllers, and Human Resources
• Overseeing the performance and execution of validation testing activities including risk assessment, scoping design adequacy and operational effectiveness testing, Entity Level Control Testing, review and challenge of control deficiencies with control owners.
• Problem solving and Identifying root cause of control deficiencies and data anomalies and evaluate management's action plans to address deficiencies
• Document identified issues and conclusions to assist FRA with reporting to stakeholders and senior management
• The Vice President will be responsible for the coverage of several segments and FDICIA for the Firm's domestic banks.
• Monitoring, tracking and reporting of progress to management
• Take ownership of assigned tasks and seek out ways to improve the process
• Accountable for meeting deliverables, adhering to quality and methodology standards, including providing and incorporating real-time feedback
• Take initiative to consider and recommend problem resolution to the team

What This Job Offers

• Job Type: Full-time
• Career Level: Executive
• Number of Employees: 5,001-10,000 employees