Division: Legal & Compliance
Job Title: - Associate -Compliance Testing
Location: Mumbai (COMMERZ III, OBEROI GARDEN CITY)
Job Level: Associate
Firm
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.
Division
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 Branch Examinations team conducts reviews of retail branch office locations throughout Wealth Management.
The focus of the reviews is to utilize a risk based methodology to evaluate the effectiveness of key internal controls
related to but not limited to regulations, internal and external standards, or firm policies. The person in the role will
assist the Branch Examinations team in completing its annual test plan, communicating with senior management, and providing recommendations for improvements to department procedures.
Primary Responsibilities
The candidate will have several areas of responsibility including, but not limited to, the following:
Access various Firm systems and ad-hoc reports to organize data utilized in testing conducted by the Branch Examiners
Organize data into standardized formats as described in the Branch Examinations procedures
Assist with the rollout, extraction and certification of Compliance questionnaires completed by all WM branch personnel on an annual basis
Respond to inquiries from Examiners and Branch Examinations management
Assist with automation of manual activities, innovation for process improvements
Co-ordinating with different stakeholders and ensuring deliverables are met on time
Skills required (essential)
The ideal candidate will have 2-4 years professional experience in the Banking, Financial Services & Insurance sector (BFSI)
Excellent oral and written communication skills
Excellent time management skills and ability to execute tasks within tight deadlines
Proficient in MS Office Suite and has the ability to use various internet applications and tools.
Detail-oriented with the ability to multi-task
Ability to facilitate meetings among stakeholders with diverse points of view
Has the ability to perform data analysis
Skills desired
Basic understanding of financial markets is essential
Has the ability to effectively handle a fast paced environment and successfully meet established deadline requirements
Ability to research and resolve issues independently while working across teams to acquire information
Be self-motivated and must have the ability to work independently
Knowledge of global markets / market regulations
Basic understanding of financial markets is essential
Coverage
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.
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise 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.