Internal Audit – Investment Management

Morgan Stanley - New York, NY (30+ days ago)3.9


Company ProfileMorgan 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 ProfileInternal Audit is responsible for validating whether the firm operates in a controlled environment with appropriate risk-management processes. Auditors evaluate the adequacy and effectiveness of the firm’s internal controls using a risk-based methodology developed from professional auditing standards. Internal Audit assists in monitoring the firm’s compliance with internal guidelines set for risk management and risk monitoring, as well as external rules and regulations governing the industry. The team reports directly to the Board Audit Committee and helps verify whether the firm meets all of its fiduciary responsibilities to shareholders, while adhering to corporate-governance standards and legal and regulatory requirements. Internal Audit is comprised of Business, Risk and Technology auditors. Business and Risk auditors focus on understanding the risks that the businesses face and the controls to mitigate those risks. Technology auditors focus on the application controls supporting the business processes, including systems development, application security and entitlements, production management, and technology governance. Both groups are responsible for understanding, analyzing and testing the controls to protect the franchise.

Morgan Stanley is seeking a senior manager to join its Investment Management (IM) Internal Audit Division. The successful candidate will be responsible for providing audit coverage of IM including portfolio management, trading, related investment management regulations, and various products including fixed income, liquidity, alternative investments, fund of hedge funds, and private equity. The candidate must be familiar with internal audit concepts and practices. The Internal Auditor will be involved in the development, planning and performance of internal audits.

Primary Responsibilities- Managing audits from start to completion including scope determination; detailed walkthroughs of key processes to identify internal controls; developing, executing and reviewing tests of controls and substantive testing procedures for key controls; identification and reporting of issues. Developing audit planning memorandums, test plans, supervise staff, issue identification, issue discussions with clients and report writing.
  • Develop and maintain relationships with key stakeholders. Follow-up with business line management on previously identified audit issues, as well as execution and review of testing to close previously identified audit issues.
  • Provide management with an independent and objective evaluation of the control environment and evaluate management’s control consciousness.
  • Conduct and reviewrisk assessments for Investment Management audit entity universe to drive the risk-basedaudit plan.
Skills required (essential)- Seven + years of internal audit-related experience / Investment Management experience - Excellent verbal and written communication skills
  • Demonstrated leadership abilities
  • Strong analytical and project management skills- Undergraduate degree in business including Economics, Finance, Accounting- CPA and/or Certified Internal Auditor (CIA) a plus*LI-ND1