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Director - Operational Risk Compliance Testing (Legal & Compliance)

Morgan Stanley


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9-11 Years
a month ago
76 Viewed
7 Applied

Job Description

Operational Risk Compliance Testing

Job Title: Operational Risk Compliance Tester

Division: Legal & Compliance

Location: Mumbai (NKP) Job Level: Director

Company Profile

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, and individuals from more than 1,200 offices in 43 countries.

As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

Department Profile

Legal and Compliance

Legal & Compliance Division (LCD) comprises of Legal, Compliance, Global Financial Crimes and Regulatory Relations.

  • The Legal Department provides guidance, requirements, and procedures for understanding and complying with the laws, regulations and Firm policies that apply to our businesses.
  • The Global Compliance Department identifies applicable Compliance Obligations and maintains a Firmwide Compliance Risk management program, including Compliance Risks that transcend business lines, legal entities and jurisdictions of operation.
  • Global Financial Crimes is responsible for the development and governance of the Firm's financial crime prevention efforts across all regions and business units. Global Financial Crimes is comprised of the Anti-Money Laundering (AML), Sanctions, Anti-boycott, Anti-Corruption (ACG), Government, and Political Activities Compliance (GPAC) programs.
  • The Global Regulatory Relations Group (GRRG) is responsible for strategic and centralized management of the supervisory activities of Morgan Stanley's regulators and related developments globally, with a focus on regulatory reviews and examinations and continuous monitoring activities. GRRG serves as the central point of contact for the regulatory staff responsible for supervisory activities at Morgan Stanley entities and for timely reporting to Firm management and other governance or management bodies, as appropriate, on those relationships and supervisory processes, including areas of significant regulatory focus or concern.

LCD Center of Excellence Mumbai (LCD CoE) is a part of Morgan Stanley's Global In-house Center, which provides global support to LCD and is an integral part of Firm and LCD strategy

Background on the Team

The successful candidate will plan and execute in-depth tests on topics assigned by Operational Risk Compliance Testing. The Operational Risk Compliance Testing team is part of the broader Global Compliance Testing organization. The team plans and executes the Operational Risk Compliance Testing program

Primary Responsibilities

  • Execute risk-based compliance testing and forensic testing to review and assess the effectiveness of the Firm's policies and procedures including recommending corrective action plans for gaps identified from testing.
  • Execution of reviews from initiation to completion including executing and documenting detailed walkthroughs of key processes to identify internal controls, developing, executing, and overseeing substantive testing of control and related procedures, and ultimately reporting identified issues.
  • Prepare written reports describing the tests conducted, results and corrective action plans.
  • Coordinate with Operational Risk testing personnel globally to track the progress of the test plan for reporting to senior management.
  • Track status of corrective action plans agreed upon with the business
  • Track internal audit reviews and findings and review internal audit work-papers to identify opportunities to leverage their reviews for compliance testing.
  • Remain current on industry rules, regulations, and best practices to make recommendations to the testing program.

Skills Required (essential)

  • 9+ years experience working with medium to large sized investment management firms with diverse business lines is preferred.
  • Testing, surveillance, operational risk, or auditing experience a plus.
  • Knowledge of the Operational Risk and Non-Financial Risk.
  • Knowledge of Information Security and Fraud Risk assessment and prevention and detection controls.
  • Strong analytical, organizational, and problem-solving skills.
  • Ability to prioritize and work effectively on multiple reviews with different individuals at the same time.
  • Ability to work independently, as well, as in a team.
  • Ability to work with staff of all levels across departments.
  • Must have excellent written and oral communication skills.
  • High degree of organization and attention to detail.
  • Proficiency with Microsoft Word, Excel, PowerPoint, Adobe, SharePoint, Bloomberg, and ability to quickly learn automated systems, such as trade order management systems, portfolio accounting systems, pre/post trade surveillance systems and web applications.

Skills Desired

  • Knowledge of global markets / market regulations
  • Audit experience of Stock broking firms will be preferred
  • Industry qualifications - CA / CIA or similar certification preferred


Monday to Friday from 11:30 AM to 8:30 PM. Coverage is dependent on business needs so flexibility on required finish time or full day's coverage may be required during some Indian holidays.

Posting Date

Apr 5, 2024

Primary Location

Non-Japan Asia-India-Maharashtra-Mumbai (MSA)



Employment Type

Full Time

Job Level


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Last Updated: 21-06-2024 08:21:18 AM
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