Morgan Stanley

1LOD Validation (Control Testing)_ U.S. Banks (Wealth Management) : Job Level - Associate

Posted On

March 12, 2025

Location

Mumbai, Maharashtra

Experience Level

Freshers/Experienced

Job Type

Permanent

Apply By

May 14, 2025

Job Description

Summary
Responsible for executing the internal controls testing program within the first line Business Risk Management team covering Morgan Stanley Private Bank, NA and Morgan Stanley Bank, NA. This position is a key individual contributor in the evaluation of the adequacy, effectiveness, and efficiency of internal controls and documentation of test results, along with providing recommendations to mitigate weaknesses.

Responsibilities

Develop test plans and execute design and operating effectiveness testing of operational controls identified by Bank management, which could include financial, technology, and/or compliance components
Prepare work papers, schedules, and summaries documenting testing and issues identified in accordance with Bank procedures
Validate remediation of control deficiencies self-identified by management or by the control testing team
Proactively manage deliverables to completion and report status and roadblocks to management timely
Participate in risk and control change management projects with management and provide recommendations for improvement.
Support ad-hoc Bank management initiatives in collaboration with second and third lines of defense
Build and maintain effective relationships with key stakeholders including control owners, operational risk management partners, and internal audit partners

Qualifications and Skills required

CAs, Bachelor's degree in Accounting, Finance, Economics, or related field
3-5 years relevant experience in public accounting, or internal audit or similar risk/testing function, experience in financial services industry preferred.
Strong risk and control mindset and ability to think critically to solve problems
Strong oral and written communication skills
Ability to leverage and analyze data to inform focus and views on risk
Ability to build and maintain professional relationships with key stakeholders/process owners Self-starter who is able to work independently on multiple tasks; efficient time management skills and attention to detail
Possess strong sense of ownership/accountability
Demonstrates positive attitude and comfortable working in a very fast paced environment
Proficient with Microsoft Office products.

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 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. 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. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.

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